back Back

NBO to provide digital banking services for Ministry of Defense Pension Fund

By Leandra Monteiro

June 01, 2021

  • America
  • Nbo
Share

National Bank of Oman, NBONational Bank of Oman (NBO) signed a Memorandum of Understanding with the Ministry of Defense Pension Fund for the provision of digital banking services, including its Corporate Online Banking (CIB) and B2B Banking Portal.

Signed by Ahmed bin Salem Al Busaidi, Director General of the Ministry of Defense Pension Fund, and Hassan Abdul Amir Shaban, General Manager – Chief Government Banking Officer at NBO, the agreement is the latest in several long-term strategic partnerships the bank has formed as it seeks to build bridges between the private and public sectors.

Hassan Abdul Amir Shaban said, “We are pleased to sign this strategic agreement with the Ministry of Defense Pension Fund. As the first local bank to conclude such fruitful cooperation with the Ministry, it is a welcome confirmation of our leadership in digital and electronic banking services in the Sultanate. We will work hard to ensure that the Ministry is provided with the latest services and solutions, while meeting its banking requirements in an easy and convenient manner, now and into the future.”

NBO has been providing full digital financial  services to the Ministry of Defense since 2019. Using its technology and security features, its online banking services empower companies and government entities to make instant transactions, payments and transfers, access account balances, make on-the-spot enquiries, access non-financial services and complete transaction histories on all of the their accounts. Available free and accessible 24/7, the frequently-updated digital service is enhanced by the bank’s expertise and customer experience.

NBO, the first local commercial bank in the Sultanate of Oman, was founded in 1973 and is today one of the top banks in Oman. The Bank serves its customers in Oman through 60 Branches, more than 180 ATM/FFM/CCDMs as well as two Branches in U.A.E.

Previous Article

June 01, 2021

FIDO2-certified LoginID secures new investment from Visa

Read More
Next Article

June 01, 2021

CaixaBank rolls out new ATMNow to boost user experience

Read More








IBSi Daily News Analysis

March 22, 2024

America

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

Today

Pulsate joins the Jack Henry™ Vendor Integration Program

Read More

March 27, 2024

5 Digital banks revolutionising the FinTech landscape in Hong Kong

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023