The Oman Financial Services Authority hosted a workshop with the Idrak Fintech Community focused on security regulations and fraud prevention for financial technology firms. The session set out how the regulator’s framework applies to fintech companies and highlighted compliance and risk management expectations. The workshop covered the fintech regulatory framework, the sandbox environment and licensing evaluation criteria, and different types of fraud and preventive measures. It also addressed compliance obligations and risk management processes, with the authority underlining the role of clear regulatory guidance in supporting innovation and building trust in digital financial services.
Oman Financial Services Authority 2025-11-11
Oman's Financial Services Authority holds workshop on fintech security regulations and fraud prevention
The Oman Financial Services Authority held a workshop with the Idrak Fintech Community on security regulations and fraud prevention for fintech firms. The session detailed the regulatory framework, sandbox environment, licensing criteria, and fraud prevention measures. It emphasized compliance obligations and risk management, highlighting the importance of clear regulatory guidance in fostering innovation and trust in digital financial services.