Misr for Central Clearing, Depository, and Registry (MCDR) has unveiled its comprehensive plan to boost operational capacity, efficiency, and technological structure, Invest-Gate reports.

As part of this initiative, MCDR has procured an enterprise resource planning (ERP) system from the globally recognized SAP applications group. The ERP system caters to the company’s operational needs, particularly in the financial sector.

In addition, MCDR has established a new strategic collaboration with Raya Information Technology Company to enhance and fortify the information networks infrastructure in the Egyptian financial market. The aim is to bolster security and efficiency in preserving and settling financial securities and data, while ensuring compliance with international standards.

These measures reflect MCDR’s strong commitment to advancing growth and institutional development. Furthermore, the company is currently working on the development of the Egypt Clear mobile application, set to be launched soon, which will provide convenient access to MCDR’s services.

To reinforce its position as a leader in the financial market sector and prioritize information protection, MCDR proudly announces its fifth consecutive attainment of the ISO 27001 certificate for the information security and protection system from BSI.

This achievement highlights the company’s unwavering dedication to maintaining the confidentiality of customers’ and investors’ personal data. It also emphasizes MCDR’s commitment to upholding compliance, integrity, and secure and reliable availability of this data.

Hisham Mabrouk, the Managing Director of MCDR, expressed his appreciation for this accomplishment, considering it the culmination of the company’s efforts to adhere to information security standards.

Mabrouk emphasized MCDR’s determination to continue developing the technological infrastructure and implementing international standards in information security systems. These endeavors aim to foster greater credibility and confidence among investors, ensuring a safe and reliable investment environment for all stakeholders involved.