Mala’a signed a membership agreement with Global Money Exchange to utilize Huwiya (Electronic Know Your Customer) service. This service is designed to digitally onboard customers and simplify electronic customer identity verification.
This partnership is the first of its kind for Mala’a, bringing the Money Exchange sector into its membership fold.
The agreement was signed by Mr. Bassam Al Jamali, Mala’a General Manager, and Mr. Sonam Dorji, Global Money Exchange General Manager. Through this partnership, Mala’a aims to align with the Sultanate’s vision for developing financial technology, contributing to sustainable development of the nation.
Huwiya is set to revolutionize the AML and compliance requirements in the Sultanate, by enabling members to instantly access their customers’ data through a connection with public and private databases. This platform enhances efficiency, saving both time and effort for members and their customers.
This collaboration reflects Mala’a’s commitment to empowering the credit industry with innovative tools and solutions, while also fostering the growth of Oman’s fintech sector.
Mashreq Bank, a leading financial institution in the MENA region, has officially entered into a membership agreement with Oman Credit and Financial Information Centre (Mala’a), under the foreign banks category. This agreement grants Mashreq Bank access to a comprehensive database of credit and financial information, which will aid in making well-informed credit decisions, conducting financial […]
Read articleIn a significant step to enhance technological solutions in the credit and finance sectors, Mala’a has signed a membership agreement with Oman Housing Bank to offer the Huwiya (Electronic Know Your Customer) service. This partnership aims to simplify the process of verifying the identities of customers, whether they are Omani nationals or residents within the […]
Read articleOman Credit and Financial Information Center (Mala’a) signed an agreement with Credit Oman to utilize (Murshid) service, a strategic move aimed at strengthening the ability to assess corporate creditworthiness and mitigate potential financial risks. The agreement was signed by Mrs. Manahil Jaffar, Acting General Manager of Mala’a, and Sheikh Khalil Al Harthy, CEO of Credit […]
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