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

Oman Arab Bank Receives Bank of New York Mellon’s ‘Straight Through Processing’ (STP) Excellence Award

Muscat: Oman Arab Bank (OAB) proudly announces its receipt of the ‘Straight Through Processing’ (STP) Excellence Award from the Bank of New York Mellon (BNY Mellon). 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.

Asma Al Zadjali, Chief Banking Operations Officer at OAB, expressed her gratitude, stating, “We are honored to be recognized by BNY Mellon  for our excellence in STP. This award underscores our commitment to customer service and integrating cutting-edge technology into our banking processes, further enhancing our position in the financial sector.”

She 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 BNY Mellon 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.

more recommended stories

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.