ProgressSoft Powers Multi-Entity Swift CBPR+ Translator Go-Live Across Bank Muscat

ProgressSoft announced the successful activation of its CBPR+ Translator across three Bank Muscat entities: Bank Muscat, Meethaq Islamic Banking in Oman and Bank Muscat KSA, marking a significant advancement in the bank’s readiness for ISO 20022 and next-generation cross-border payment standards.

This deployment establishes a unified and scalable CBPR+ processing framework across jurisdictions, enabling precise translation, validation and orchestration of MX messages in line with Swift specifications. Leveraging certified ISO 20022 libraries and a native Swift CBPR+ translation engine, the solution ensures interoperable MT/MX coexistence without impacting ongoing operations.

The deployment was executed with zero operational disruption, maintaining uninterrupted services across all three entities. End-to-end readiness checks, secure integration and real-time compatibility with Swift standards ensured a smooth go-live and reinforced the robustness of the solution.

For Bank Muscat’s customers, the CBPR+ Translator delivers faster, more reliable international payment services, reduced errors and improved interoperability with global financial institutions, supporting the bank’s commitment to service excellence and regulatory alignment.

The successful go-live underscores the strong partnership between ProgressSoft and Bank Muscat, with both teams collaborating closely to achieve seamless deployment across multiple jurisdictions. This milestone positions Bank Muscat as a forward-looking institution, leveraging advanced financial technology to strengthen its operational capabilities for long-term resilience and growth.