Tata Consultancy Services (TCS) has inked an agreement with Muscat Clearing and Depository (MCD), Oman’s central securities depository, to modernize the depository system of MCD. Under the agreement, TCS will implement TCS BaNCS for Market Infrastructure and Quartz to future-proof MCD’s operations.
MCD provides comprehensive Clearing, Settlement & Depository (CSD) services to all market participants. In addition to providing best-in-class CSD solutions, MCD will now benefit from TCS’s global expertise and ability to offer new services to the market such as collateral management, central counterparty clearing and risk management. MCD will also collaborate with TCS to implement solutions from Quartz as part of this modernization initiative. TCS will also implement its digital and cloud-enabled solutions to transform customer experience and meet MCD’s transformation objectives.
Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses.
