Oman banking perspectives 2018 | KPMG | OM

Oman banking perspectives 2018

Oman banking perspectives 2018

Major developments in technology and regulation are likely to have a transformative effect on the current and future landscape of the banking sector in Oman.

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Oman

The Oman banking sector is in a healthy position, despite the challenging environment. Innovation through technology will enable banks to improve efficiency, augment revenue and reduce risk, whilst enhancing customer experience. This may offset the growing regulatory pressure and costs of compliance.

In this report, we explore:

Technology
  • Blockchain is becoming more appreciated
  • AI: taking full advantage
  • Banks and FinTech: partners or competitors?
  • Cyber security: meeting the challenge 

Regulation:

  • VAT impacting the bottom line
  • IFRS 9: refining initial implementation
  • IFRS 16: the next big challenge
  • Basel III evolution

Read the full report

© 2018 KPMG Lower Gulf Limited, registered in the UAE and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the United Arab Emirates. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.

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