Oman’s Sohar International has officially launched ‘Open Banking platform,’ highlighting the bank’s commitment to driving digital innovation and financial inclusion.
This also makes it the first bank in Oman to introduce a fully integrated Open Banking solution. The platform elevates the bank’s digital ecosystem and reflects its key role in advancing Oman’s financial sector.
Open Banking platform provides better visibility and control over financial information, empowering businesses to manage cash flow, plan more accurately and make informed decisions. Additionally, it allows faster, more efficient financial transactions, minimizing complexity while enhancing daily business operations.
“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.”
The platform enables fintech companies, corporates, and government entities to build tailored financial solutions with greater agility by providing secure and compliant access to banking services through open APIs. It aims to reduce integration costs, shorten time-to-market, and allow for more customer-centric services to emerge.
“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,” added Sajeel Bashiruddin, Chief Technology and Digital Officer.
The launch highlights Sohar International’s long-term vision to actively support Oman’s transition to a more digital, knowledge-based economy. As the financial sector continues to advance, the bank remains committed to creating value for businesses, customers, and the broader economy through innovation, collaboration, and technology-driven solutions.
