Home Science & Tech NBO unveils Fintech Accelerator Hackathon to foster innovation

NBO unveils Fintech Accelerator Hackathon to foster innovation

by ccadm


Image Credits: NBO | Cropped by GBN

National Bank of Oman (NBO) has unveiled the Fintech Accelerator Hackathon under the NBO Fintech Accelerator Program.

This initiative marks a significant milestone in NBO’s efforts to drive innovation, strengthen entrepreneurship, and transform Oman’s fintech sector. Registrations for the event have started, with the Hackathon scheduled from 30 August to 1 September 2024, at the NBO head office.

NBO's Fintech Accelerator Hackathon
Mustahil Ahmed Al Mamari
Assistant General Manager and Head of Strategy and Transformation – NBO

“The NBO Fintech Accelerator Hackathon is more than just an event; it’s a catalyst for change. By bringing together innovative minds from universities, organisations, and international startup firms, we aim to cultivate ideas that will shape the future of fintech in Oman. Participants will have the opportunity to innovate under pre-identified themes, pushing the boundaries of technology and entrepreneurship. We remain dedicated to promoting platforms that inspire collaboration and growth, aligning with our overarching strategy to contribute to Oman’s economic diversification, give back to the community, and foster a culture of innovation and knowledge sharing.”

The NBO Fintech Accelerator Hackathon seeks to revolutionize Oman’s fintech landscape by empowering the nation’s brightest minds to develop innovative solutions in order to lead the industry forward. This initiative falls in line with Oman Vision 2040, highlighting the bank’s commitment to supporting the country’s economy by promoting innovation and creating sustainable opportunities within the sector.

This Hackathon, designed with an aim to foster innovation, is the first initiative under the NBO Fintech Accelerator Program. The program seeks to inspire and assist the next generation of fintech entrepreneurs by offering them resources, mentorship, and access to a broad network of industry contacts.

The event aligns with the goals of Oman Vision 2040, to boost the nation’s competitiveness through innovation and entrepreneurship. Participants will get the opportunity to attend business development sessions and engage with experts. In addition to this, they will also be equipped with the tools to bring their visionary ideas to life.

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