Central Securities Clearing System (CSCS) Plc has announced the launch of RegConnect Version 2, set to go live on February 28, 2025.

This, according to a statement from the firm, is a cutting-edge upgrade to its flagship web-based application designed to enhance operational efficiency and user experience for Registrars in the Nigerian capital market.

RegConnect Version 1 was launched in 2019, and it provided an easy-to-use platform that improved the user experience of Registrars when exchanging information.

By enabling immediate validation of submitted data, it ensured accuracy and reduced processing times.

Now, RegConnect Version 2 takes this innovation further, setting a new benchmark for efficiency and functionality.

RegConnect Version 2 introduces several advanced features that redefine user experience and operational efficiency.

The platform now includes omni-channel capability, allowing users to submit transactions through multiple channels such as file uploads, on-screen interfaces, and APIs.

The upgraded version also offers seamless API integration, enabling the retrieval of investor portfolio balances, processing of transactions, and spooling of daily advice files.

A monitoring dashboard has been added to provide an end-to-end view of data exchange processes, ensuring real-time tracking and improved operational efficiency.

Haruna Jalo-Waziri, MD/CEO of CSCS Plc, emphasized the company’s commitment to driving innovation in the capital market.

“The launch of RegConnect Version 2 represents our unwavering dedication to transforming the Nigerian capital market through technology-driven solutions. This new iteration of RegConnect aligns with global best practices and is a testament to our continuous investment in efficiency and stakeholder satisfaction.”

Designed after an extensive review of CSCS’s operations and interactions with Registrars, RegConnect Version 2 addresses critical industry challenges.

Prior to RegConnect, Registrars relied on a Data Exchange application with limited processing capabilities.

The new platform not only bridges that gap but also introduces state-of-the-art features to ensure seamless and efficient data exchange.

Jalo-Waziri added “At CSCS, we understand the importance of operational excellence and innovation in fostering a vibrant capital market. RegConnect Version 2 is not just a product upgrade; it is a tool to enhance accuracy, reduce operational bottlenecks, and empower our stakeholders with better control and visibility over their processes.”

To enhance global efforts aimed at making the digital world safe and secure, Kaspersky has joined the ranks of organisations endorsing the vision of the United Nations’ Global Digital Compact.

This framework sets out objectives and principles that participating parties will use to foster a more inclusive, open and sustainable digital future. As a Compact supporter, Kaspersky will continue to deliver on its mission of building a safer digital world where people are free to use the power of digital technologies to improve their lives.

The Global Digital Compact is a comprehensive framework for global governance of digital technology and artificial intelligence.

Laying out a roadmap for cooperation to activate the potential of digital technology, the document promotes a global and inclusive effort and encourages organisations and associations to endorse its vision and principles.

The Compact is structured around five major objectives, namely:

• Ensuring that digitalisation is accelerating progress in achieving Sustainable Development Goals;
• Expanding inclusion in and benefits from the digital economy;
• Fostering a digital space that respects and protects human rights;
• Advancing responsible data governance approaches;
• Enhancing international governance of artificial intelligence for the benefit of all.

By joining the Compact, Kaspersky reaffirms its commitment to make our world more sustainable by minimising cyber risks and leading society toward immunity against digital threats.

With digital literacy improvement being one of the key action areas to this end, Kaspersky will continue raising cybersecurity awareness among the general public by releasing cybersecurity research and developing its educational initiatives, including those run by Kaspersky Academy.

To provide a more profound knowledge on security evaluation, Kaspersky will continue advancing its Expert Training programs so that they correspond to the needs of businesses, government and academic institutions.

Fostering an inclusive, open, safe and secure digital space requires a multi-faceted approach, taking into account numerous aspects ranging from Internet governance to digital trust and security.

As an early digital trust pioneer, Kaspersky continues to lead in this area by expanding its Global Transparency Initiative (GTI) to demonstrate the trustworthiness of the company’s products, internal processes and business operations.

Allowing trusted partners and customers as well as regulators to check the source code of its products, software updates and threat detection rules, Kaspersky contributes to the formation of a reliable and secure digital space.

Kaspersky has also been a frequent contributor to the process of drafting legislation, policies and other documents that aim to bring cybersecurity considerations to the development of emerging technologies, including artificial intelligence.

Just recently, as part of the 2024 UN Internet Governance Forum, Kaspersky presented “Guidelines for Secure Development and Deployment of AI Systems,” prior to which it set out “Principles of ethical use of AI systems in cybersecurity” to ensure that innovation is led to the benefit of all.

“Kaspersky has been a great supporter of global initiatives encouraging cooperation of diverse stakeholders, including governments, the private sector and civil society,” comments Yuliya Shlychkova, Vice President of Public Affairs at Kaspersky.

“The Global Digital Compact outlines a vision where the digital technologies act as enablers of a more sustainable world, which is inherent in our company’s mission to foster a safer online space by creating secure-by-design technologies. Kaspersky was proud to partake in the Compact elaboration and is pleased to endorse it to make the digital future a future for all.”

Kaspersky was an active participant to the informal consultations and stakeholder sessions preceding the Compact adoption at the Summit of the Future in New York in September 2024.

The company has, in particular, stressed the importance of a paradigm shift in cybersecurity and its further development toward secure by design or Cyber Immune technologies, including in the context of AI system development and deployment.

Another focus Kaspersky called to consider is the need to label AI-produced content and enhance cooperation among various stakeholders to ensure the AI-driven innovation brings a change for the better.

Creating a safer digital world has been Kaspersky’s mission and one of its key sustainable development strategies.

More information about how Kaspersky is making the digital world more resilient and ensures that people can use technology to improve life on the planet can be found in the company’s Sustainability report.

South Korean authorities have temporarily blocked new downloads of the DeepSeek artificial intelligence (AI) app, citing concerns over the company’s handling of user data.

The country’s Personal Information Protection Commission (PIPC) announced the decision on Monday, saying that the Chinese AI startup had failed to fully comply with South Korea’s data protection laws.

According to PIPC, DeepSeek recently appointed legal representatives in South Korea and admitted to partially neglecting regulatory considerations regarding user privacy.

“The Chinese startup appointed legal representatives last week in South Korea and had acknowledged partially neglecting considerations of the country’s data protection law,” the PIPC said.

The commission added that the app’s service would resume once the company implements improvements in accordance with national privacy laws.

According to Reuters, when asked about South Korea’s move, a spokesperson for China’s foreign ministry said the Chinese government prioritises data privacy and security, ensuring compliance with legal standards.

The spokesperson also said China does not require companies or individuals to collect or store data in violation of laws.

The ban follows similar actions by other governments.

On February 4, Australia prohibited the use of DeepSeek on government devices due to security concerns.

Italy’s privacy regulator recently blocked the AI service, citing the company’s failure to address data policy issues.

Taiwan has also warned about potential risks related to cross-border data transmission and information leaks.

Also, regulators in Ireland and France have launched investigations into DeepSeek’s data-handling practices.

DeepSeek gained global adoption for its advanced human-like reasoning capabilities and open-source model.

In January, it surpassed OpenAI’s Chatgpt as the most downloaded free app on the Apple store.