Money Market

CSCS Unveils Initiative to Revolutionise Data Exchange for Registrars

Central Securities Clearing System (CSCS) Plc has launched RegConnect Version 2 to enhance operational efficiency and user experience for Registrars in the Nigerian capital market. RegConnect Version 2 will go live on February 28, 2025.

It is a cutting-edge upgrade to its flagship web-based application, RegConnect Version 1, which launched in 2019. RegConnect Version 1 provided an easy-to-use platform that improved the user experience of Registrars when exchanging information.

By enabling immediate validation of submitted data, RegConnect Version 2 ensured accuracy and reduced processing times. RegConnect Version 2 takes this innovation further, setting a new benchmark for efficiency and functionality.

CSCS said that “the upgraded version also offers seamless API integration, enabling the retrieval of investor portfolio balances, processing of transactions, and spooling of daily advice files.

“A monitoring dashboard has been added to provide an end-to-end view of data exchange processes, ensuring real-time tracking and improved operational efficiency.”

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