The Central Securities Clearing System Plc (CSCS) has announced a significant milestone in its technology transformation journey.
In collaboration with IBM and Tata Consultancy Services (TCS), CSCS has upgraded its core application to enhance speed, scalability, integration, and system security.
This strategic modernisation positions CSCS as one of Africa’s most technologically advanced post-trade service providers.
The upgrade, running on the IBM Power 10 Series, enables faster transaction processing and improved operational resilience.
It also provides advanced data analytics and improved transparency, delivering greater value to stakeholders. The upgrade creates a foundation for future innovation, paving the way for new, investor-centric solutions.
Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, emphasised the company’s commitment to innovation and operational excellence.
“This strategic upgrade reflects our unwavering commitment to innovation and operational excellence. Partnering with global technology leaders like IBM and TCS ensures that we continue to deliver world-class post-trade services.” He said.
The upgrade reinforces market confidence, enhances efficiency, and aligns the ecosystem with global best practices.
CSCS’s technology transformation demonstrates its leadership in leveraging technology to power the growth, integrity, and global competitiveness of the Nigerian capital market.
CSCS is a Public Limited Company that serves as the Central Securities Depository for the Nigerian Capital Market.
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