Bank Muscat started using TCS software product for operations

Bengaluru, March 01: Oman's flagship financial services provider Bank Muscat began using the universal banking software product (Bancs) of Tata Consultancy Services (TCS) for its fund and investment operations, said the IT bellwether on Wednesday.

"Bank Muscat has started using our Bancs universal banking software solution for its fund and investment operations. The upgrade provides extensive capabilities for its multiple asset classes," said the Mumbai-based IT firm in a statement here.

As technology partner, TCS will position the bank for higher growth and operational efficiency with the upgrade optimising its operational efficiency and processes.