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Oman aims to operate leading credit bureau in the Gulf

Stefano Stoppani, CEO at Creditinfo

Fintech services provider Creditinfo Group has struck a strategic partnership with the Central Bank of Oman (CBO) which will see it supporting the development, roll-out and management of a credit registry system.
The contract, said Creditinfo, will ensure that The Sultanate has the leading credit bureau in the region, with next generation capabilities and facilities. It will be able to process credit data sourced from both banks and non-banking entities like providers of leasing finance, SME sector lenders, insurance companies, telecommunication companies, utilities and government data.
“We are thrilled to start this new adventure with the Central Bank of Oman and provide the full potential of intelligent information, software and analytics solutions to this project,” commented Stefano Stoppani, CEO at Creditinfo . “Backed by international know-how and local market support, the infrastructure we will deliver will set a high bar in the Omani market and the Gulf Region. We look forward to working with CBO, and to deliver these capabilities to our financial services clients globally.”
“The signing of this agreement between Central Bank of Oman and Creditinfo is part of our CBO 2019-2021 strategy which is aligned with the National Program for Economic Diversification,” said His Excellency Tahir bin Salim Al Amri, Executive President, at the Central Bank of Oman. “OCB once launched will become a national one-stop-shop for credit and financial information in the Sultanate.”

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