banking

HSBC sees Omani corporates ramping up digital investments

November 3, 2020

Muscat: HSBC Bank Oman hosted a virtual digital summit for Omani corporates recently, focusing on digital innovation and its importance for business growth.

Hosted by Melika Betley, CEO of HSBC Oman, the event was attended by more than 100 of HSBC’s corporate clients from the Sultanate of Oman. Delegates heard from a broad range of thought leaders in the digital space from OQ Group, Khimji Ramdas and Mastercard, who gave insights into blockchain, trade finance and cybersecurity.

The summit brought to life the pace of change in the digital for corporates space and stressed how important it is for Omani corporates to be agile and embrace emerging digital trends. HSBC Oman’s clients expressed how they have seen the benefits of adapting to digital transformation during the current pandemic and how digital business banking solutions have helped them weather the effects of the crises and boost operational efficiency.

“HSBC’s latest Navigator research report, Building Back Better, told us that the firms showing the greatest resilience during the COVID-19 pandemic are the ones looking to invest in innovation, rather than cut costs. The adoption of technology and investing in innovation are going to be the top priorities for businesses in Oman and around the world over the next five years,” said Melika Betley, CEO of HSBC Oman.

Simon Adcock, Head of Commercial Banking, HSBC Oman, added, “Technology gives us an ever-increasing toolkit for solving problems for our clients as they too embrace digital – it will be a key driver of growth for all businesses. During the third quarter we successfully launched in Oman the HSBC net mobile app along with Trade Transaction Tracker, and we have just introduced to the local market our latest treasury management tools, GetRate and Liquidity Management Portal.”

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