Ooredoo Fintech signs Huwiya (EKYC) agreement with Mala’a

Ooredoo Fintech has entered into a partnership with the Oman Credit and Financial Information Center (Mala’a) to utilize Huwiya, Mala’a’s Electronic Know Your Customer service. This service is designed to digitally onboard customers and simplify electronic customer identity verification.

The agreement was formalized with signatures from Mr. Bassam Al Jamali, Mala’a’s General Manager, and Mr. Ahmed Al Musafir, Country Manager of Ooredoo Fintech. Mr. Al Jamali emphasized that this agreement marks a significant milestone in supporting financial technology and promoting financial inclusion across the Sultanate.

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 between Mala’a and Ooredoo Fintech underscores Mala’a’s dedication to empowering the credit industry with cutting-edge tools and solutions, while also supporting the growing fintech sector in Oman.