Aduragbemi Omiyale
By Aduragbemi Omiyale
The chief executive of the Central Securities Clearing System (CSCS) Plc, Mr Haruna Jalo-Waziri, has praised the role technology has played in revolutionising the capital market landscape, saying it has made the ecosystem accessible to all.
He said players in the sector, especially financial technology (fintech) firms, have come up with innovations that have made it possible for investors across the categories, to buy and trade in the market with ease.
Speaking at the Institute of Capital Market Registrars (ICMR) Annual Conference held a few weeks ago in Lagos, Mr Jalo-Waziri said this transformative role of technology in the capital market has deepened the space.
He promised that the CSCS will continue to leverage technological advancements to drive inclusivity within the capital market, with a focus on empowering individuals through enhanced financial access and participation.
“The fintech revolution has profoundly reshaped the landscape of capital markets. The integration of cutting-edge technologies, such as online trading platforms, robo-advisors, blockchain, and AI-driven analytics, has not only democratized access to investing but also streamlined processes, enhanced transparency, and fostered innovative investment opportunities,” Mr Jalo-Waziri, said while presenting a paper titled Harnessing FinTech Innovation for Inclusive Capital Market: Empowering individuals through Financial Access and Participation.
The CSCS chief, who was represented at the programme themed Navigating Nigeria’s Economic Realities: The Transformative Power of Technology in the Capital Market by the Divisional Head of Business Technology and Digital Innovation at CSCS Plc, Mr Tobe Nnadozie, further stated that the “symbiotic relationship between fintech and the capital market is pivotal for sustainable financial growth, offering individuals and businesses alike the means to efficiently navigate and leverage the intricacies of modern financial ecosystems.”
“In other words, fintech is transforming the landscape of financial services, and we believe that it holds the key to making our capital market more inclusive and accessible to all. We are committed to pioneering this transformation for the benefit of every individual investor in Nigeria,” he added.
He averred that fintech “innovations have played a significant role in revolutionizing capital markets by leveraging technology to provide streamlined and accessible financial services. It has transformed how trading, investing, and fundraising occur, fostering greater innovation and accessibility in the capital market landscape.
“We are actively seeking partnerships with fintech companies and stakeholders across the financial sector. Together, we can build a more robust and accessible capital market that benefits every Nigerian.”
