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Bank Muscat uses TCS software for fund operations

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7 years ago

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Bengaluru, Feb 28 (IANS) 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.

“The new solution will enhance workflows and reduce time spent on fund and investment banking operations,” it said.

According to TCS Financial Solutions Vice President R. Vivekananda, the bank will be able to leverage improvements in cross-asset, mid-to-back-office capabilities for fund and investment banking and enhance its stature in the region.

“The deployment reinforces our banking product’s leadership and customer footprint throughout the Gulf region,” said Vivekananda.

With $31-billion worth assets, Bank Muscat has a strong presence in corporate, retail, investment, Islamic, treasury and private banking and asset management.

The bank also has the largest network of 149 branches, 630 ATMs and 14,000 PoS (Point of Sale) terminals.

The bank’s international operations consist of a branch in Riyadh in Saudi Arabia and Kuwait and a representative Office in Dubai and Singapore.

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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