Latest news with #MohammedAlHashmi
Zawya
20-02-2025
- Business
- Zawya
Network International and Bank Nizwa partner to enhance compliance initiatives in the Sultanate of Oman
Collaboration fortifies Network International's GCC footprint UAE: Network International LLC (Network), a leading enabler of digital commerce in the Middle East and Africa, has inked an agreement with Bank Nizwa, a leading Islamic Bank in the Sultanate of Oman, to support and enhance the Bank's compliance initiatives for its digital banking customers. As part of this collaboration, Network International will implement enterprise fraud prevention solutions and tools for Bank Nizwa to further enhance its compliance delivery capabilities for its digital banking customers. Navneet Dave, Managing Director & Co-Head of Processing - Middle East at Network International, said: 'We are excited to partner with Bank Nizwa and bolster their transformation objectives. As the global finance industry continues to digitise and find new ways to enhance customer experience, security and seamlessness will become increasingly integral to operations. In this regard, our partnership will empower Bank Nizwa to strengthen its offerings to its digital banking clientele, boosting trust and satisfaction whilst ensuring adherence and enhancement of their compliance standards.' Mohammed Al Hashmi, Chief Compliance Officer at Bank Nizwa, said: 'As we continue our journey towards transformation, we are focused on redefining the banking experience in Oman's rapidly evolving financial landscape. With consumer needs shifting towards greater convenience, security, and accessibility, our collaboration with Network International will set a new benchmark in ethical banking, in alignment with Oman's digital future and larger economic goals in addition to serving via conventional banking services.' This partnership represents a significant milestone in Network's expansion into the Sultanate of Oman and the wider GCC market, reinforcing its commitment to advancing its presence across the region. About Network International Network International is the Middle East and Africa's largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants. About Bank Nizwa Founded in 2013, Bank Nizwa stands as the first and leading Islamic bank in the Sultanate of Oman. With a legacy rooted in trust, reliability, and unwavering adherence to Sharia-compliant principles, the bank has established itself as the preferred financial partner for individuals, businesses, and institutions nationwide. Driven by a customer-first approach and a commitment to continuous innovation, Bank Nizwa offers a comprehensive suite of products and services that blend modern banking practices with the principles Islamic finance. Boasting a network of 23 branches, the bank prioritizes digitalization and financial inclusivity, providing seamless banking experiences through its user-friendly mobile app and a digital-only branch, ensuring that customers have access to their financial solutions anytime, anywhere. As a catalyst for growth and a key contributor to Oman's socio-economic development, Bank Nizwa continues to lead the way, shaping the future of Islamic banking in the region.
Zawya
18-02-2025
- Business
- Zawya
Bank Nizwa signs partnership agreement with Network International to advance its digital transformation journey
Muscat: Driving the nation's digitalization agenda forward, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman has signed a strategic agreement with Network International to enhance compliance initiatives. This partnership underscores Bank Nizwa's commitment to pioneering innovative solutions that enhance banking convenience for customers, fostering trust and security, and elevating the overall banking experience while aligning with the nation's vision for a digitally empowered economy. By embedding this comprehensive fraud management system into its operations, Bank Nizwa seeks to enhance transactional security, minimize fraud-related risks, and ensure uninterrupted banking services for its customers. This initiative underscores the bank's dedication to maintaining transparent banking practices and operational resilience, setting a benchmark for advanced fraud prevention in Oman's financial sector. Highlighting the importance of this partnership, Mr. Mohammed Al Hashmi, Chief Compliance Officer, at Bank Nizwa, stated, 'This collaboration marks a pivotal milestone in Bank Nizwa's digital transformation journey. We are steadfast in our mission to set benchmarks for secure banking practices. Robust fraud prevention measures are indispensable in today's dynamic financial landscape, where digital threats continue to grow in complexity and scale. By integrating Network International's cutting-edge fraud management solutions, we are not only fortifying our operations but also reaffirming our commitment to delivering superior banking services.' This partnership highlights Bank Nizwa's leadership in digitalization and its commitment to fostering an inclusive and innovative banking environment. As a pioneer in introducing advanced digital solutions to diverse segments in the Sultanate, the bank combines global best practices with local expertise to provide customers with intuitive platforms that enhance efficiency, reliability, and tailored financial services. The bank's robust mobile banking application enables customers to open accounts and complete a plethora of transactions securely on the go. The bank's website also brings banking to customers' fingertips, enhancing access and convenience for all. Furthermore, the bank's groundbreaking digital only branch in Mall of Oman features cutting-edge interactive tech that enables customers to access banking operations beyond regular banking hours. Through this collaboration, Bank Nizwa highlights its forward-thinking approach, reinforcing its dedication to delivering a secure, seamless, and trailblazing banking experience. The bank remains focused on continuously refining its processes and responding to the diverse preferences of its clientele, ensuring elevated and personalized levels of customer service.
