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May 28, 2023

Oman Credit and Financial Information Center (Mala’a)  participates in COMEX 2024

Oman Credit and Financial Information Center (Mala’a) has participated in the banking and financial pavilion during the 32nd edition of the Global Technology Show (COMEX) at Oman Convention and Exhibition Center. The exhibition, which was sponsored by the Ministry of Transport, Communications, and Information Technology, brought together over 500 participants from institutions, companies, and investors.

At the event, Mala’a showcased four key services to visitors. The first was the Electronic Know Your Customer (e-KYC) platform, developed in collaboration with the Central Bank of Oman. This initiative aims to enhance identity verification procedures and access to the personal information of bank customers in the Sultanate. It directly integrates with various government records, such as the Royal Oman Police, improving verification methods for both individuals and corporations and facilitating banking transactions without the need for additional referrals or document submissions.

To help users understand the factors influencing their credit scores and the practices to maintain a healthy credit score, Mala’a provided an Estimated Credit Score Calculator. This educational tool, available on Mala’a website, familiarizes users with credit scoring through a series of questions related to financial behaviors. Based on their answers, users receive an estimated credit score. Actual credit scores can be obtained by requesting a credit report through the website. Manahil Jaafar, Corporate Services Manager, stated, ‘Understanding credit scores for both individuals and corporates has become essential for accessing credit services. The center is committed to employing technology to facilitate access to credit scores, whether through self-service options or by contacting the center.’

It is noteworthy that Mala’a will soon launch Mala’ati mobile application, enabling individuals and companies to obtain their credit reports via smartphones without the need to contact the center directly. Visitors to the booth learned about the registration process for the application, the necessary steps to obtain a report, as well as the features and information included in the application.

Mala’a Report is one of the center’s prominent services, providing comprehensive credit and financial information for individuals and corporates, including personal information for individuals and commercial information for corporates sourced from relevant government records. The report offers a comprehensive overview of the financial behaviors and transactions of clients with financial and credit institutions, including credit history, indebtedness, repayment history, guarantees, inquiries, and more.

The booth witnessed significant interaction and attendance, as Mala’a team provided comprehensive information about Mala’a’s services and products to visitors using touchscreens and tablets.

July 3, 2024

Oman Investment Bank Joins Mala’a Membership Network

Oman Investment Bank (OIB) has entered into a membership agreement with Oman Credit & Financial Information Centre (Mala’a), to become a banking sector member. The agreement involves providing Mala’a members with a comprehensive credit and financial information database. This database will facilitate informed credit decision-making, financial capability assessments for clients, and evaluation of potential financial […]

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July 3, 2024

Global Financial Solution (OmPay) Joins Mala’a Membership

Global Financial Technology LLC (OmPay) has entered into a membership agreement with the Oman Credit and Financial Information Center (Mala’a). The membership agreement includes access to Mala’a’s Electronic Know Your Customer (E-KYC) service, known as Huwiya, that is designed to streamline electronic customer identity verification and enhance credit information accuracy. The agreement, signed by Bassam […]

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May 28, 2024

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, […]

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