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National Bank of Oman


Transformers Awards - couleur fond trans

« Transformation » Award:

Best alignment between digital technologies and innovation capabilities

As a pioneer in banking innovation, NBO has been able to develop its digital strategy and further gain market share. This performance is the result of a strategic vision and an innovative ecosystem that constantly offers competitive solutions to customers, relying on cutting-edge technologies.


NBO is successful in deploying innovative solutions through a combination of the following factors:


  • A clear vision: National Bank of Oman (NBO) is driving transformation and innovation in the banking sector with a clear strategy actively sponsored   by the top management to strive and thrive in the digital world.

  • A digital Mindset: NBO spreads a state of mind oriented towards digital and related innovations, there is an awareness of its importance and the levers it presents to customers, but also to employees. As a result, new solutions are increasingly based on digital technology.

  • Inspiring culture for employees: Acculturation efforts are needed to foster an innovative internal ecosystem, which is why NBO tries to anchor an agile culture internally and also created internal innovation platform “Ibtikar” for tapping innovative ideas of employees and  nation wide platform “hackathon” for enabling school, college and professionals to innovate.

  • With a clear vision, the National Bank of Oman stands out for its ability to mobilize the collective intelligence of its employees towards transformational ideas. This is an alignment between available technologies and the ability of NBO employees to articulate them as innovations to be offered to customers.

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« Solution / Customer Journey » Award: 

NBO Marketplace


NBO Market place is a unique innovation that allows merchants to publish their offers instantly to the bank's customers. The idea is to link these two parties and promote Win-Win interaction: Customers can benefit from discounts, but above all from easy payment via the "Nuqati" loyalty points program, as for merchants, they can reach a large number of users of the mobile application in real time, with an offer customized according to their location, via geolocation. Thus, Market place aims to considerably increase the volume of transactions between the two parties.


While Cards Marketplace transactions happen through NBO’s mobile app, the digital penetration as recorded in July 2019 -compared to the same period last year- has recorded an overall increase with 38% increase in active users and 35% increase in number of subscriptions. Digital transactions also increased by  47%, while merchant acquisition rose by 16% indicating extended visibility and higher usage of the offering.


Furthermore, fee income generated from the digital channels doubled in comparison to last year. Mobile app users penetration has been increasing at the rate of 40% YOY for the last three years.


NBO’s mobile app is an integrated platform that provides customers with a reliable, convenient and seamless banking experience, allowing users to complete all banking transactions without the need to visit a branch, granting them the best in discounts and deals through the innovative solution of Cards Marketplace

Would you like to participate to the Transformers Awards assessment? 

Do not hesitate to contact us to deploy our quantitative and qualitative approach to identify your organization's best practices.

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