Open banking is reshaping the financial sector in the Middle East, with countries like Saudi Arabia and the UAE advancing through regulatory support for open APIs and fintech collaborations. Oman, while still in the early stages of open banking, is moving towards digitalization. The Central Bank of Oman supports fintech innovations, though a formal regulatory framework is yet to be established. As Oman continues to develop clearer policies, it is poised to enhance its banking services significantly, aligning with regional open banking trends.

In light of Oman's proactive measures towards embracing Open Banking, this summit stands as a significant platform for industry leaders to converge, fostering discussions and collaborations crucial in shaping the future of banking in the gulf country!