The Central Securities Clearing System (CSCS) Plc has officially launched RegConnect Version 2, a next-generation web-based application set to revolutionize data exchange for Registrars in Nigeria’s capital market. Going live on February 28, 2025, this upgraded platform builds on the successes of RegConnect Version 1, delivering enhanced efficiency, seamless integration, and a superior user experience.
A Look Back: From RegConnect 1.0 to a Smarter, Faster System
Launched in 2019, RegConnect Version 1 transformed how Registrars exchanged information, introducing instant validation of submitted data, reducing processing times, and improving accuracy. However, as market demands evolved, so did the need for a more sophisticated system—one that could accommodate modern-day technological advancements and provide end-to-end automation.
Recognizing this, CSCS embarked on a mission to redefine operational efficiency by developing RegConnect Version 2, a platform designed with enhanced omni-channel capabilities, seamless API integration, and real-time monitoring dashboards. This strategic upgrade bridges previous gaps, ensuring a faster, more reliable, and globally competitive solution for market participants.
A New Era of Innovation and Efficiency
The enhanced RegConnect Version 2 introduces several cutting-edge features, including:
Omni-Channel Transaction Processing – Users can now submit transactions via multiple channels, such as file uploads, on-screen interfaces, and APIs, ensuring flexibility and convenience.
Seamless API Integration – The platform allows for real-time retrieval of investor portfolio balances, automated transaction processing, and daily data synchronization to improve accuracy and decision-making.
Monitoring Dashboard – A game-changing addition, this feature provides a real-time, end-to-end view of all data exchange activities, enabling better tracking and operational transparency.
A Vision for the Future
Speaking on the launch, Haruna Jalo-Waziri, MD/CEO of CSCS Plc, reaffirmed the company’s commitment to technological innovation:
“RegConnect Version 2 represents our continuous drive to enhance operational excellence and innovation in the Nigerian capital market. This is more than just an upgrade; it’s a strategic transformation that aligns with global best practices while directly addressing industry needs.”
He further emphasized that the platform is designed not just for efficiency but also to empower Registrars with greater control, accuracy, and streamlined operations, positioning Nigeria’s capital market for sustained growth and competitiveness.
Looking Ahead: A Commitment to Market Excellence
CSCS remains unwavering in its mission to deliver world-class solutions that strengthen Nigeria’s capital market infrastructure. With RegConnect Version 2, the company is taking a bold step towards a more digitized, efficient, and globally aligned market ecosystem.
For more details, contact CSCS Customer Service Call Center at 070-CALL-CSCS (070022552727) or 01-448-0500.
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