HP Middle East today announced the completion of the Central Bank of Oman’s (CBO) Automated Clearing House Solution (ACH) for the Sultanate of Oman. The project went live on 6th September 2006 and will now provide the ACH services for Oman’s entire banking customer base, complementing the Real Time Gross Settlement system (RTGS) implemented last year.
“Customer needs have to be at the forefront of every company’s business direction, and the ability to successfully roll out real time inter-bank payments and settlement services across Oman represents an excellent achievement. With the active involvement and support of the HP-led consortium, CBO was able to roll out this end to end solution in record time, said Mr. Iqbal Ali Khamis Al Lawati, Vice President – Corporate Support, Central Bank of Oman.
The Central Bank of Oman formulated a payment strategy for Oman in 2003 after highlighting a need to provide world-class payments infrastructure that would lead to real time settlement of payments between banks, commercial customers and consumers. Amongst the three main pillars identified by this strategy are the Real Time Gross Settlement System (RTGS), the Automated Clearing House System and the Check Imaging System.
CBO chose HP as a strategic partner for the implementation of the RTGS in 2004 as a result of an open tender announced through the press. This project was rolled out ahead of schedule, and following the successful first stage of the competitive tender, CBO awarded the Automated Clearing House (ACH) contract to HP in 2005.
-end-
Photo Caption: From Left to right:
John McCain, WW Consulting & Integration director, HP, Iqbal Ali Khamis, V.P. Central Bank of Oman and Alaa Al Shimy - Consulting & Integration Director ME – HP.
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About HP Middle East
HP is the largest technology and solutions provider in the Middle East with 670 employees and subsidiaries in Dubai, Abu Dhabi, Riyadh, Jeddah, Khobar, Cairo, Ramallah and Oman servicing the GCC, Egypt and the Levant. HP has been present in the Middle East since 1968 and opened its first regional office in 1994. HP Middle East is the market leader for enterprise, small and medium business and consumer technology products and offers a large portfolio of solutions and services in various business domains.
More information about HP in the Middle East is available at www.hp.com/me
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