NBO to Launch ProgressSoft’s Full-Fledged Payments Hub Platform

  • NBO to Launch ProgressSoft’s Full-Fledged Payments Hub Platform

The National Bank of Oman kicked off a new project with ProgressSoft to implement its full-fledged Payments Hub Platform, an advanced platform that is in full compliance with the Central Bank of Oman’s new regulations, requirements and vision.

The National Bank of Oman (NBO), will implement ProgressSoft’s Payments Hub Platform to meet the new requirements of the GCC RTGS implementation while also attaining massive benefits including seamless migration to ISO 20022 with minimal to zero changes on internal systems.

The renowned platform will act as a payments gateway between NBO’s omnichannels and the Central Bank of Oman’s Automated Clearing House (ACH), Wage Protection and RTGS systems. This is in addition to the upcoming GCC RTGS, Buna and SWIFT Alliance.

It will also be responsible to handle all payment types and consolidate payment modules to act as a single orchestrator for transaction management in NBO.

ProgressSoft is honored to be maintaining a fruitful long-term partnership with the National Bank of Oman and looks forward to a successful implementation of its full-fledged Payments Hub Platform.

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