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CSCS to invest in AI to drive new 5 strategic pillars ahead of 2020

The chief executive officer of Central Securities Clearing System (CSCS), Mr Haruna Jalo-Waziri, has given insights on how the establishment will drive growth in the industry, using a set of five strategic pillars.

Address stakeholders recently in Lagos, Jalo-Waziri noted that CSCS will among other things this year, invest more in Artificial Intelligence (AI) so as to deliver innovative services as digital payment space expands.

He said “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”.

Continuing, CSC boss noted that “The following are 5 strategic pillars the Central Securities Clearing System (CSCS) have adopted and they include: 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%.”