CSCS Launches Portal to Enhance Digital Access for Custodians, Operational Efficiency

The Central Securities Clearing System Plc (CSCS), Nigeria’s premier capital market infrastructure, on Monday announced the official launch of its Custodian Portal.

The portal is a user-centric digital solution designed Gita Gopinath to optimize custodian operations through intuitive, secure, and efficient features.

The Custodian 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.

Haruna Jalo-Waziri, MD/ CEO of CSCS Plc, stated, “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 centralized platform to manage critical processes in real-time.”

Mr Jalo-Waziri added “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.”

Designed with user experience in mind, the portal also features tools like portfolio viewing and downloads in PDF or Excel format, tracking of stock movements across date ranges, inbox messaging and request tracking, and robust user management capabilities including role assignment and status tracking.

Tobe Nnadozie, Divisional Head, Business Technology and Digital Innovation, CSCS Plc, 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.”