TCS Partners with Muscat Clearing and Depository to Revolutionize Oman's Capital Market

Tata Consultancy Services (TCS) has signed a groundbreaking agreement with Muscat Clearing and Depository (MCD) to modernize Oman's capital market infrastructure. The partnership, announced on February 11, 2025, will see TCS implement its flagship offerings, TCS BaNCS for Market Infrastructure and Quartz, to enhance MCD's operations. This collaboration aims to future-proof MCD's services, introducing advanced features such as collateral management and central counterparty clearing. The initiative is set to transform customer experience and expand Oman's capital markets, leveraging TCS's global expertise in deploying mission-critical solutions.
Source: Tata Consultancy Services press release