CASE STUDY
The Central Securities Clearing System , CSCS stands as Nigeria ’ s premier financial markets infrastructure , positioned at the centre of the capital market . Its role encompasses a broad spectrum of services for the country ’ s financial ecosystem .
The CSCS is also Nigeria ’ s Central Securities Depository , licensed to continue depository , clearing and settlement of all transactions in the Nigerian Capital Market . The CSCS processes 99.3 % of all trades in the capital markets , underscored by its position in the equities market and presence in bonds and other financial areas .
“ A defining characteristic of the business is our deeprooted technological ethos and the fact that we view ourselves not just as a financial entity but fundamentally as a technology company operating within the capital market ,” says Tobe Nnadozie , Divisional Head of Business Technology and Digital Innovation at Central Securities Clearing System .
Innovation road map
In 2018 , CSCS began re-evaluating its operational strategy and recognised the need for a technology infrastructure overhaul . Then by 2019 , after a planning and strategy formulation , CSCS looked for a partner to support a redefined strategy anchored in delivering selfservice platforms , and expanded API infrastructure .
As well as an environment that could support technologies like machine learning , artificial intelligence , robotic process automation , and blockchain . CSCS wanted a technology infrastructure for service , stability , scalability that must deliver :
• Consistent service provision to the market
• Deliver a robust business contingency
• Effective disaster recovery
Following an analysis of potential partners , Nutanix emerged as a front-runner . Despite engagements
WE VIEW OURSELVES
NOT JUST AS A FINANCIAL ENTITY BUT FUNDAMENTALLY AS A TECHNOLOGY COMPANY OPERATING WITHIN THE
CAPITAL MARKET .
www . intelligentcio . com INTELLIGENTCIO AFRICA 51