The new version of Morocco’s SRBM RTGS system, based on CMA’s RTS/X platform, has successfully entered live operations at Bank Al-Maghrib
March 11, 2026
Stockholm / Rabat — CMA is pleased to announce the successful launch of the new SRBM Real-Time Gross Settlement (RTGS) system at Bank Al-Maghrib, the Central Bank of the Kingdom of Morocco.
The SRBM system forms the core of Morocco’s interbank payment infrastructure and plays a central role in the stability and efficiency of the country’s financial system. The new platform represents the latest generation of the system originally implemented by CMA in 2006. That system operated continuously for 19 years without downtime, processing tens of millions of transactions and supporting Morocco’s banking sector throughout its lifecycle.
The newly deployed platform is built on CMA’s RTS/X technology and introduces a modern architecture designed to support the evolving needs of national payment infrastructures.
Key enhancements include:
- Full adoption of ISO 20022 messaging standards, aligned with HVPS+ and IAP frameworks
- API-based connectivity enabling flexible integration with participants and external systems
- Active-active deployment across two data centers, ensuring high availability and operational resilience
- Enhanced participant access and modernized operational environment
These capabilities position the SRBM system to support the continued evolution of Morocco’s payment ecosystem and facilitate integration with other financial market infrastructures.
Faysal Bibani, Regional Director for Africa at CMA, commented:
“National payment infrastructures are evolving rapidly. Modern RTGS platforms must not only process payments reliably but also provide the flexibility required for broader ecosystem integration.
The new SRBM platform reflects this direction by combining operational resilience with modern standards and API-based architecture. It supports future connectivity not only with regional infrastructures such as BUNA, which was implemented using CMA technology, but also with national financial market infrastructures including instant payment systems and capital markets platforms.”
CMA would like to thank the Bank Al-Maghrib team and all participating financial institutions for their close cooperation and commitment throughout the project.
The successful launch of SRBM marks another important milestone in CMA’s long-standing collaboration with central banks and financial market infrastructures worldwide.
