IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v9y2025i3sp926-935.html
   My bibliography  Save this article

The Role of Fintech and Digital Banking Systems in Commercial Banks in Oman

Author

Listed:
  • Dr. Mohammed Jahangir Ali

    (Associate Professor, Accounting and Finance – Department of Business Administration and Accounting, Al Buraimi University College, Al Buraimi – Sultanate of Oman)

Abstract

This research examines the transformative impact of Financial Technology (FinTech) and digital banking systems on commercial banks in Oman. It explores how technologies like digital payments, mobile banking, blockchain, and artificial intelligence enhance efficiency, accessibility, and competitiveness. The study highlights the benefits of these innovations, including improved operations, customer experience, and financial inclusion, while addressing challenges such as cyber security risks and regulatory compliance. Combining qualitative and quantitative data, the paper underscores the role of FinTech in reducing costs and driving economic growth in Oman. It concludes with recommendations for regulators and banks to support sustainable digital transformation.

Suggested Citation

  • Dr. Mohammed Jahangir Ali, 2025. "The Role of Fintech and Digital Banking Systems in Commercial Banks in Oman," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(3s), pages 926-935, February.
    • Handle: RePEc:bcp:journl:v:9:y:2025:i:3s:p:926-935
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-9-issue-3s/926-935.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijriss/articles/the-role-of-fintech-and-digital-banking-systems-in-commercial-banks-in-oman/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Peterson K. Ozili, 2018. "Impact of digital finance on financial inclusion and stability," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(4), pages 329-340, December.
    2. Thomas Philippon, 2016. "The FinTech Opportunity," NBER Working Papers 22476, National Bureau of Economic Research, Inc.
    3. Ozili, Peterson Kitakogelu, 2018. "Impact of Digital Finance on Financial Inclusion and Stability," MPRA Paper 84771, University Library of Munich, Germany.
    4. Rui Wang & Jiangtao Liu & Hang(Robin) Luo, 2021. "Fintech development and bank risk taking in China," The European Journal of Finance, Taylor & Francis Journals, vol. 27(4-5), pages 397-418, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tang, Mengxuan & Hu, Yang & Hou, Yang (Greg) & Oxley, Les & Goodell, John W., 2025. "Fintech development, corporate tax avoidance and firm value," International Review of Financial Analysis, Elsevier, vol. 97(C).
    2. Peterson K. Ozili, 2020. "Banking sector earnings management using loan loss provisions in the Fintech era," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 18(1), pages 75-93, December.
    3. Mohd Afjal, 2023. "Bridging the financial divide: a bibliometric analysis on the role of digital financial services within FinTech in enhancing financial inclusion and economic development," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-27, December.
    4. PINSHI, Christian P., 2021. "Exploring the usefulness of Fintech in the dark era of COVID-19," MPRA Paper 107863, University Library of Munich, Germany.
    5. Syed Aamir Aijaz & Grima Simon & Sood Kiran, 2024. "Assessing the Role of the Fintech Era on the Banking Stability of an Emerging Economy: Interaction Analysis of the Indian Banking Industry," Folia Oeconomica Stetinensia, Sciendo, vol. 24(1), pages 182-202.
    6. Ozili Peterson K., 2020. "Comparing Digital Finance in the UK, US, India and Nigeria," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 16(4), pages 1-11, December.
    7. Treu, Johannes, 2022. "FinTech, General Purpose Technology und Wohlfahrt," IU Discussion Papers - Business & Management 5 (Juni 2022), IU International University of Applied Sciences.
    8. Xiaoran Jia & Kiridaran Kanagaretnam, 2025. "Digital Inclusion and Financial Inclusion: Evidence from Peer-to-Peer Lending," Journal of Business Ethics, Springer, vol. 196(2), pages 345-380, January.
    9. Wu, Xin & Jin, Tianhe & Yang, Keng & Qi, Hanying, 2023. "The impact of bank FinTech on commercial banks' risk-taking in China," International Review of Financial Analysis, Elsevier, vol. 90(C).
    10. Ozili, Peterson K, 2021. "Bank non-performing loans in the Fintech era," MPRA Paper 113467, University Library of Munich, Germany.
    11. Dongjing Chen & Xiaotong Guo, 2023. "Impact of the Digital Economy and Financial Development on Residents’ Consumption Upgrading: Evidence from Mainland China," Sustainability, MDPI, vol. 15(10), pages 1-25, May.
    12. Osakwe, Christian Nedu & Ogunmokun, Oluwatobi A. & Elgammal, Islam & Kwarteng, Michael Adu, 2025. "Individuals' attitudes and their adoption intentions of central bank digital currency: Combining theories and analytics for deeper insights," Technological Forecasting and Social Change, Elsevier, vol. 210(C).
    13. Ruixin Su & Tong Zheng & Yuzhao Zhong & Weizhou Zhong, 2023. "Role of Digital Inclusive Finance for High-Quality Business Development: A Study of China’s “Five Development Concept” Policy," Sustainability, MDPI, vol. 15(15), pages 1-21, August.
    14. Peterson K. Ozili, 2023. "Corporate governance and financial inclusion," Journal of Money and Business, Emerald Group Publishing Limited, vol. 3(1), pages 89-107, May.
    15. Cristina Chueca Vergara & Luis Ferruz Agudo, 2021. "Fintech and Sustainability: Do They Affect Each Other?," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
    16. Peterson K. Ozili & David Mhlanga, 2024. "Why is financial inclusion so popular? An analysis of development buzzwords," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(1), pages 231-253, January.
    17. Guillaume Edou Tchidi & Wei Zhang, 2025. "Mediating effect of financial inclusion on FinTech innovations and economic development in West Africa: Evidence from the Benin Republic," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1032-1048, April.
    18. Song, Quanyun & Li, Jie & Wu, Yu & Yin, Zhichao, 2020. "Accessibility of financial services and household consumption in China: Evidence from micro data," The North American Journal of Economics and Finance, Elsevier, vol. 53(C).
    19. Liuwu Chen & Guimei Zhang, 2024. "Research on the impact of digital financial inclusion and environmental regulation on industrial structure upgrading-based on spatial Durbin model analysis," PLOS ONE, Public Library of Science, vol. 19(11), pages 1-26, November.
    20. Wang, Yi-Ran & Ma, Chao-Qun & Ren, Yi-Shuai, 2022. "A model for CBDC audits based on blockchain technology: Learning from the DCEP," Research in International Business and Finance, Elsevier, vol. 63(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:9:y:2025:i:3s:p:926-935. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.