Following it's aspiration to comply with the latest technological advancement, the Central Bank of Oman (CBO) will be closely working with ProgressSoft on the Electronic Image-based Check Clearing implementation. Initially, the system will deploy an electronic network to connect CBO with all 10 banks in Muscat and their branches. The following phase of the project will involve countrywide implementations across all the Sultanate's banks and remaining 144 branches scattered over 212,457 square kilometers.
With ProgressSoftâs solution, an electronic exchange of check images and data will replace the physical transfer to and from CBO clearing house service for all member banks.
Recognized as the worldâs-first provider of Electronic Image-based Check Clearing since 2001, ProgressSoft has harvested an impressive number of sound accomplishments similar to this project on country wide basis including Qatar, KSA, UAE and Jordan. ProgressSoft is now looking forward to personify yet another success story in Oman to include to its list of numerous successful projects.