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MCD launches new ‘Oman Stocks’ app

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Muscat Clearing and Depository (MCD) Company, majority owned by Muscat Stock Exchange (MSX), has released its new mobile application called ‘Oman Stocks’ with a strong commitment to serving Omani nationals, long-term residents, and international investors.

In a world where digital transformation is the driving force, Oman Stocks has simplified the onboarding process for Omani nationals and residents. Oman Stocks offers multiple services such as creating a new investor account, updating an investor account, and view application status.

For Omani nationals, the platform offers a swift and efficient way to capture and upload Resident Card details, significantly reducing the need for manual intervention. For residents, the platform goes a step further by seamlessly capturing both Resident Card and Passport details, ensuring a hassle-free experience.

Oman Stocks has transformed the age-old Know Your Customer (KYC) process with its cutting-edge Optical Character Recognition (OCR) technology. This innovative feature streamlines data input, minimizing potential errors, and ensures that the onboarding process is faster than ever before. This commitment to efficiency ensures that investors can start their journey without unnecessary delays.

Keeping digital security in mind, Oman Stocks’ Liveness Detection feature takes user authentication to the next level, ensuring that the person accessing the app is genuine and present. Further, to ensure that sensitive data remains protected at all times, the platform has integrated with Mala'a and PKI.

The platform also offers a dynamic dashboard that makes managing and updating customer details a delightful experience. This user-centric approach ensures that investors have the tools they need to navigate their investments effectively.

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