Muscat, February 17, 2025 – The Financial Services Authority, in collaboration with the Central Bank of Oman, has launched an educational program “Knowledge Bites” aimed at fintech companies. This initiative is part of the ongoing cooperation between the two institutions and reflects the Authority’s commitment to spreading financial knowledge and fostering a culture of innovation in the financial sector. 

The program includes a series of workshops held over several weeks, covering key topics relevant to fintech startups and individuals interested in the field. These workshops aim to equip participants with essential knowledge about the financial regulations in Oman, enhance their understanding of the Financial Services Authority’s role in supporting fintech companies operating within its supervised sectors, and clarify regulatory licensing requirements, anti-money laundering compliance measures, and best practices for funding startup projects.

In its first phase, the program targeted several local companies (with the number to be announced later), in addition to attracting participants from outside Oman through virtual attendance, allowing them to explore future opportunities to enter the local market. 

The workshops were conducted by specialists from both the Central Bank of Oman and the Financial Services Authority, providing in-depth insights into the regulatory and legislative business environment for fintech companies. The experts emphasized the importance of regulatory compliance to ensure the success and sustainability of fintech enterprises in the market.