CSCS to Invest Heavily in Artificial Intelligence ...... Unveils 5 pillars for 3 Year Strategic Plan

 

The Central Securities Clearing system (CSCS) has unveiled their 5 point plan that will span a period of 3 years. It would start this year, 2018 and end in 2020.

According to the MD/CSO, Mr Haruna Jalo-Waziri, they would go into  IT and data gathering via artificial intelligence.

“One thing the CSCS is going to go into heavily is investment into Artificial Intelligence. This includes mining of data which should be able to give you data ahead of time. We are talking big data and data analytics. Also, we as a CSD should be at the forefront of the Capital Market. The CSD is the single most important financial market infrastructure in our capital market”.

He also revealed “The 5 strategic pillars the Central Securities Clearing System (CSCS) have adopted:

1) Process Optimization

2) Customer satisfaction

3) Technology as an underlying bedrock of what we do 4

) Partnerships – That is, expansion of the market ecosystem. The key to this is having an effective feedback mechanism in place. We have to have partnerships and strategic alliances across businesses and regions and

5) For our shareholders, we need to add value to them by growing our ROI and also ensuring our risk management is 100%.”