Sohar International launches Open Banking platform in Oman

By Vriti Gothi

Sohar International has introduced an integrated Open Banking platform, the development supports the country’s push for digitalisation and broader financial access under Oman Vision 2040.

The new Open Banking solution is designed to provide businesses with greater visibility and control over their financial data. By enabling secure access to banking services through open APIs, the platform allows FinTech firms, corporates, and government bodies to build tailored financial products more efficiently and at lower cost.

For businesses, the platform promises improved cash flow management, faster and more secure transactions, and the ability to make better-informed financial decisions. These capabilities are expected to simplify daily operations and support long-term growth across sectors.

The Open Banking initiative is positioned to strengthen collaboration between the bank and Oman’s growing FinTech community. By providing secure and standardised integration tools, Sohar International aims to help developers and partners bring new services to market more quickly, while keeping the end customer at the centre of the experience.

The launch forms part of Sohar International’s wider ambition to support Oman’s transition to a more digital and knowledge-based economy. As the financial sector evolves, the bank intends to continue investing in technology and partnerships that drive innovation and create long-term value for businesses and communities alike.

Abdulwahid Mohamed Al Murshidi, Chief Executive Officer of Sohar International, said, “This launch reflects our strong alignment with the Central Bank of Oman’s forward-looking regulatory framework. Through Open Banking, we are not only meeting compliance requirements but also enabling the development of industry-specific financial and non-financial services. These capabilities empower businesses to streamline their operations, drive innovation, and contribute meaningfully to national priorities such as financial inclusion, private sector growth, and digital advancement under Oman Vision 2040.”

Sajeel Bashiruddin, Chief Technology and Digital Officer, said, “At Sohar International, we continue to reinforce our position as a digital leader by accelerating innovation and delivering solutions at speed. Our commitment to leveraging advanced digital capabilities enables us to respond swiftly to market needs, foster meaningful partnerships, and shape a future-ready financial ecosystem for the Sultanate.”