Oman Arab Bank Receives Bank Of New York’s ‘Straight Through Processing’ Excellence Award

Oman Arab Bank (OAB) proudly announces its receipt of the ‘Straight Through Processing’ (STP) Excellence Award from the Citibank. This recognition, consistently earned since 2018, highlights OAB’s leading position in the financial industry, emphasizing its excellence in secure transaction processing and automotive processes.

 

Sulaiman Al Harthi, Chief Executive Officer of OAB, expressed his gratitude, stating, “We are honored to be recognized by Citibank for our excellence in STP. This award underscores our commitment to customer service and achieving 100% accuracy and efficiency on Treasury Payments and 99.8% for Customer Payments. ”

 

Asma Al Zadjali, Chief Operations Officer added, “The accelerated pace of processing times is a notable advantage arising from

OAB’s embrace of automation. This enables transactions to be executed much faster than traditional manual processes.”

 

OAB’s innovations in automation lead to smoother experiences for its customers, including modification-free rates, instant transactions, and highly accurate outcomes. The STP Excellence Award from Citibank serves as a testament to how OAB leverages operational and technological excellence to deliver high-quality customer experience.

 

This award signifies OAB’s strategic foresight in adopting and investing in STP technology, aligning with its goal to stay ahead in the competitive financial market. The bank’s focus on process reengineering and automating processes not only addresses the current needs of the banking sector but also positions OAB for future advancements in financial services, reinforcing its dedication to delivering top-tier customer experiences.