This is an upgrade to the system’s earlier version and will provide capabilities for multiple asset classes such as funds, equities, fixed income and money markets.
TCS Financial Solutions has been a partner of Bank Muscat for the past 15 years, but says the bank went through a “long evaluation and selection process” before deciding to upgrade TCS Bancs.
Bank Muscat has assets of over $31 billion, a network of 149 branches, 630 ATMs and CDMs and more than 14,000 POS terminals. Its international operations consist of a branch each in Riyadh, Kuwait and a representative office in Dubai and Singapore.
It also owns Muscat Capital, a 100% subsidiary, which is a brokerage and investment banking firm in Saudi Arabia.