OAB Hosts its Second OAB Connect Forum

SME Financing Expert Patrick Stäuble shares his views on innovation at the second OAB Connect Forum

Muscat, October 28, 2019: On October 23, Oman Arab Bank (OAB) hosted its second-ever OAB Connect Forum. The new forum took place at the Shangri-la Barr Al Jissah Resort & Spa, and was presided over by Hani Al Zubair, OAB board member and Rashad Al Musafir, CEO of the Bank. Zürich-based Patrick Stäuble, and former Oman resident, was invited by OAB as the guest speaker for the evening. Patrick was recently selected by Forbes Magazine as one of the 30 most influential people under 30 in Europe for his innovative lending platform Teylor. The event saw the attendance of several VIP delegates, Elite and corporate banking customers, Omani business leaders and tech influencers making it the perfect platform for facilitating networking opportunities.

Commenting on the importance of the event, Rashad Al Musafir, CEO of OAB said, “The global FinTech market is projected to capture 4.7trn USD in 2025. The market offers huge opportunities not only for Oman Arab Bank but to the Omani economy and industry as a whole. In order to aid its growth, at OAB we see it as our responsibility to connect global thought leaders and industry experts with the private and public sectors in Oman.  With this in mind, we have created a knowledge-sharing environment from which we can all benefit.”

In line with its objective of adding value to the community and the banking sector, OAB, earlier this year, launched its first-ever OAB Connect Forum. The event was designed to bring international thought leaders and futurists to Oman, allowing them to share their knowledge and expertise with the public and private sectors in Oman. While the inaugural event focused on the world’s continuing trend towards increased digitalisation and taking a customer-centric approach, the new event was centred around how innovation is changing entire industries and how the attendees can be a part of that change.

Over the course of the event, Patrick Stäuble touched upon the global shift towards online banking and how this can be used to revolutionise the way financial institutions, government entities and other private sector companies interact with and support their customers. Following his talk, an open Q&A session was conducted, wherein he addressed any and all queries from the audience.

Patrick Stäuble founded his company Teylor AG in 2018 with the aim to revolutionize lending to small businesses by cutting the application processing time from 2 months to 10 minutes. Even before founding Teylor, Patrick Stäuble was already an established face in the world of mobile banking as he was formerly part of the management in Numbrs, a leading mobile banking app in Germany. His experience in the industry and the knowledge he shared at the forum will be an invaluable asset to everyone that attended,” said Rashad.

Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices, and 152 ATMs spread across the Sultanate. OAB provides a complete range of financial products and services for personal banking, corporate and investment clients.