New Portal To Enhance Operational Efficiency, Digital Access For Custodians – CSCS

Central Securities Clearing System Plc (CSCS) has said its new portal will enhance operational efficiency and digital access for custodians operators.

The Custodian Portal, a user-centric digital solution is designed to optimise custodian operations through intuitive, secure, and efficient features. The Portal offers a streamlined experience for market participants, with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

Operating through a flexible subscription-based model, the portal empowers users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.

The MD/CEO of CSCS, Haruna Jalo-Waziri stated that, “digital transformation remains at the core of our strategy to enhance the efficiency, transparency, and accessibility of Nigeria’s capital market services. The Custodian Portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.”

Jalo-Waziri added that, ‘we are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.’

Divisional head, Business Technology and Digital Innovation, CSCS, Tobe Nnadozie added “the Custodian Portal aligns with CSCS’s drive to automate the market. In addition to the normal features, the platform is a part of an omnichannel platform for custodians, which includes API services.

“It also connects to the market-wide workflow, which CSCS has built to ensure secure communication and approvals across all major stakeholders in the market. The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

All custodians in the Nigerian capital market have now been successfully onboarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.