Mala’a Hosts Creditinfo Experts

In collaboration with National Bank of Oman (NBO) and Oman Banks Association (OBA), Oman Credit and Financial Information Center (Mala’a) recently hosted an insightful session featuring Creditinfo experts Talk. The event brought together executives and middle management from across Oman’s banking sector to explore the future of credit bureaus and the evolving landscape of financial data.

John Cannon, Group Chief Commercial Officer of Creditinfo, delivered a compelling keynote during the session, underscoring the critical role of credit bureau partnerships in strengthening the credit ecosystem. He highlighted how data-driven decisions can drive financial inclusion and market growth, stressing the importance of collaboration to enhance transparency and security. Cannon further addressed the evolving demands of consumers for greater choice, control, and personalized financial solutions, while emphasizing the need for innovation in credit data and fraud prevention. He concluded by reaffirming the value of strategic partnerships in fostering financial stability and improving lending practices.

Mala’a, established in 2019 under Royal Decree No. 38/2019, continues to play a crucial role in shaping Oman’s financial system. The center’s efforts in creating a comprehensive database of credit and financial information aim to support informed credit decisions, improve loan quality, and foster financial stability, ultimately contributing to the Oman’s long-term economic growth.