BankDhofar partners with Desert Spark to drive next-gen digital transformation
BankDhofar, one of Oman’s most technologically advanced financial institutions, has announced a strategic partnership with Desert Spark SPC, a next-generation technology and investment company, to accelerate its digital transformation journey. The collaboration marks a significant step toward modernizing the bank’s core architecture while aligning with Oman’s Vision 2040 and In-Country Value (ICV) objectives.
Oman-based Desert Spark specializes in enabling digital transformation across the Middle East and neighboring markets through strategic investments and cutting-edge solutions, focusing on AI, cloud computing, microservices, open banking, and e-government. By bridging international tech expertise with regional needs, Desert Spark helps businesses, governments, and communities thrive in the digital era.
At the heart of the partnership is a bold initiative to support BankDhofar’s transition from a traditional monolithic IT architecture to a microservices-based ecosystem. This shift aims to enhance agility, scalability, and customer experience, positioning the bank to respond more dynamically to changing market demands and rapidly evolving customer expectations.
“This initiative represents a key milestone in our transformation roadmap,” said Dr. Tariq Saleh Taha, Chief Information Officer of BankDhofar. “By partnering with Desert Spark, we are gaining access to world-class capabilities in microservices, cloud, and AI, enabling us to streamline operations and deliver more personalized, responsive services to our customers. This collaboration reinforces our commitment to technological leadership and long-term value creation.”
Desert Spark brings over two decades of global experience supporting leading financial institutions, giving it deep insight into the complexities of banking operations and the specific challenges that come with modernization.
Alexander Vinogradov, CEO of Desert Spark, commented, “We are excited to work with BankDhofar on this landmark transformation. Our deep expertise in banking use cases, combined with cutting-edge technologies, enables us to tailor scalable, future-ready solutions that support the bank’s growth ambitions and Oman’s broader economic vision.”
Desert Spark’s approach focuses on delivering intelligent tools that automate processes and enhance decision-making, creating purpose-built systems tailored to the specific needs of the banking sector. It combines deep regional understanding with global best practices, ensuring solutions are both locally relevant and internationally competitive. The company emphasizes long-term client success by building strategic, collaborative relationships.
Beyond enhancing BankDhofar’s internal capabilities, the digital transformation strategy also supports national priorities. By focusing on local talent development and ecosystem growth, the initiative contributes to Oman’s ICV goals and strengthens the country’s digital competitiveness.
As Oman’s financial services sector evolves in line with global innovation trends, BankDhofar’s partnership with Desert Spark underscores its commitment to staying at the forefront of digital banking. It reflects a forward-looking vision that seeks not only to enhance operational performance but also to deliver lasting value for customers and the wider economy.
