CMA Inks MOU with CBO on Innovation and Technology in the Financial Sector

The Capital Market Authority signed a memorandum of Understanding with the Central Bank of Oman for cooperation in innovation and technology in the financial sector and the projects related to  innovations and new fintech, financial culture and inclusion.

The MOU aims to develop the regulatory and supervisory environment that would assist in the growth of innovation and digitalization in the financial sector and creating appropriate environment for enhancing the patterns of innovation in the provision of financial services in the Sultanate of Oman.

The MOU was singed on the sidelines of the CMA’s and CBS’s participation in the 31^st edition of the Communication and Technology Exhibition (COMEX 2022). CMA launched a number of e-services related to communication with the public such as complaints service and whistleblowing service as well as it electronic initiatives such as XBRL and Dhamani platforms.