Oman Credit and Financial Information Center (Mala’a) Wins Excellence Award in Credit Information Services

Oman Credit and Financial Information Center (Mala’a) has been awarded the Excellence in Credit Information Services Award by OER Magazine during the “New Age Banking ” summit. This award recognizes the quality of services provided by the center to its members and service providers.

Commenting on this achievement, Bassam Al Jamali, General Manager of Mala’a, highlighted the importance of this recognition, saying: “Winning this award motivates us to elevate our services and provide innovative solutions and products that align with banking and financial technology, thereby enhancing the financial and credit sector in the Sultanate. We are in an era that requires access to accurate and reliable data, and at Mala’a, we strive to be the national bank for credit and financial information by linking with reliable government records and expanding our data network. We also aim to be a supportive partner in the comprehensive development journey witnessed by the Sultanate.”

Mr. Bassam Al Jamali, General Manager of Mala’a, participated in a panel discussion titled “Building a Robust Digital Banking Ecosystem. His participation alongside other industry leaders underscored the importance of digital transformation in the banking sector.

The summit served as an invaluable platform for exploring cutting-edge banking technologies and facilitating networking opportunities with industry leaders, further cementing Mala’a’s position at the forefront of the financial sector.

Mala’a also signed a groundbreaking Anti-Money Laundering (AML) Screening agreement with aiNTEL. This collaboration promises to deliver AML solutions specifically tailored for the Omani banking sector. By leveraging advanced technologies and innovative methodologies, the partnership aims to usher in a new era of regulatory compliance and transparency, enhancing the integrity and security of financial transactions within the region. This agreement marks a significant step forward in the fight against financial crimes, reinforcing the commitment of both organizations to uphold the highest standards of regulatory practices.

Mala’a is the official source for obtaining credit and financial information in the Sultanate, through Mala’a Credit Report and the Mala’a Credit Score. The center aims to bolster the national economy by promoting financial inclusion and providing credit to all societal segments. It also seeks to enhance the financial stability of the Sultanate, support responsible financing, and reduce credit risks. The center plays a crucial role in achieving the priorities and strategic directions of Oman Vision 2040, particularly in terms of economic diversification and financial sustainability.