CSCS Biometrics Enrollment Verification System Biometrics... · Central Securities Clearing System (CSCS) Plc. April 14, 2015 CSCS Biometrics Enrollment & Verification System

Central Securities Clearing System (CSCS) Plc.

April 14, 2015

CSCS Biometrics Enrollment

&

Verification System

www.cscsnigeriaplc.com

Overview

System Architecture

Enrollment Process

Benefits

Q & A

Outline

2012

• CMC established the need for

Biometric KYC System

• Vendor Selection

• Commenced pilot test with 2

Stock broking firms & 3

Registrars

• Continuous market engagement

20142013

• Training of participants

• Deployment at clients end

• Go Live

2015

• Vendors presented Cost to

CMC – Infrastructure &

technology sub-committee

• CSCS developed a Biometric

Solution & presented the

same to market participants

Overview

3

• Computer system

• USB camera

• Biometric fingerprint scanner

• Internet access

• Required licence from CSCS

Requirements

CSCS & Other

Service Points

Registrars

Brokers

Central

Server

System Architecture

System Architecture

4

Data Capture

Enrollment Process

Data Validation

Integration with Banks/NIBSS

NIBSS

Central

Server

5

Benefits

6

Unique identification and verification of

investors in the market

Reduce the incidence of identify thefts and

improve service standards in the Capital

Market

Access to centralized infrastructure for

Biometric data

Enhance transparency and trust among

participants

Boost investors confidence in the market

Thank you

CSCS Plc.

1st Floor, Stock Exchange House

2/4 Customs Street Marina

Lagos State

Nigeria

www.cscsnigeriaplc.com