TCS BaNCS Customer Newsletter TCS BaNCS #31 (September 2019) - Page 35

Cross-Border Corporate Actions in Africa Best Blockchain Breakthrough of the Year Pilot with CSCS Nigeria and Standard Bank SA on Award-winning initiative connects Nigeria’s CSD with BaNCS Industry Network wins prestigious FTF award South African custodian Standard Bank Central Securities Clearing System (CSCS) Plc., the central securities depository (CSD) of Nigeria, and Standard Bank, a leading custodian based in South Africa, completed a pilot to exchange information for cross-border corporate actions on the BaNCS Industry Network powered by Quartz blockchain. In the pilot program, CSCS Nigeria placed corporate actions announcements for a wide range of events for equity and fixed income instruments on the BaNCS Industry Network running on Quartz blockchain. This gave Standard Bank instantaneous access to accurate corporate actions information that could be relied upon for further processing. Breakthrough of the Year at the 2019 FTF News “Blockchain represents a unique opportunity Technology Innovation Awards. for early adopters interested in transforming their businesses and industries. CSCS is excited to have worked together with TCS BaNCS and Quartz The award was given in recognition of the successful pilot on cross-border corporate actions processing conducted by Central Securities Clearing Solutions on this innovative pilot that has the potential of generating efficiencies in the financial markets,” says Haruna Jalo-Waziri, CEO, CSCS Plc, Nigeria. "This is a significant step towards our vision of being the globally respected and leading central securities depository in the region.” “The innovative BaNCS Industry Network, which Standard Bank used to connect to Quartz Blockchain, enabled us to complete the pilot in record time,” says Charl Bruyns, Head – Investor Services and Financial Institutions, Standard Bank Group. “The results of this successful technology pilot present exciting System (CSCS) Plc. and Standard Bank. “Successful Business 4.0™ companies are finding innovative ways to leverage the power of ecosystems and deliver exponential value to their customers, and Quartz uses the power of blockchain technology to enable this,” said R Vivekanand, Vice President and Co-Head, TCS Financial Solutions. “We are delighted to receive this award from FTF. It is a recognition of our thought leadership and ability to stretch the boundary of what is possible.” FTF (Financial Technologies Forum) is the leading provider of executive-level events and training opportunities for Africa to deepen innovation, increase efficiency and drive integration in its capital markets. Standard Bank will continue to work with TCS to explore ways to develop future-ready digital solutions for all our stakeholders.” BaNCS Industry Network, powered by Quartz Blockchain, was named the Best Blockchain n focused on trends and initiatives in securities trading and operations. The prestigious FTF awards recognize the professionals, financial technology vendors, service providers, industry bodies, and regulators that have made significant strides and noteworthy achievements in operational excellence in the post-trade industry. Quartz - 3 n