CGS-CIMB Securities Malaysia Leverages Contemi’s NOVA Solution to Improve Service Delivery
MEDIA RELEASE
MALAYSIA, 21st SEPTEMBER 2023: CGS-CIMB Securities Sdn Bhd (CCS) has announced a technology upgrade to provide quicker and more reliable solutions for its clients, as it goes live with Nova, post-trade solution by Contemi.
NOVA is a modular and highly configurable multi-market, -currency, -entity, and -asset class solution. The end-to-end trade confirmation and settlement services across products and countries will enable CCS to reduce the turnaround time and scale the business quickly and effectively.
Mr Alan Inn, Deputy CEO of CCS, said: “At CCS, we prioritise our client’s satisfaction and maintaining a high level of service quality is very important to us. Technology can drive customer experience. The adoption of Contemi’s Nova allows business scalability, enhance customer service, overcome time-zone driven settlement issues and automate back-office operations. We will continue to invest in technologies that can enhance our service offerings.”
Mr. Gopala Subramanium, CFO and MD of Post Trade at Contemi Solutions, said: “NOVA stands as Southeast Asia's leading post-trade clearing and settlement solution, trusted by top- tier brokers. Our collaboration with CCS is a landmark achievement, showcasing NOVA's capabilities in automating the entire post-trade lifecycle and driving value for all capital market stakeholders. An exceptional teamwork and collaboration enabled this pivotal project to go live before schedule and exemplifies Contemi's commitment to technological excellence and sustainable growth in Malaysia.”
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Media contacts:
CGS-CIMB Securities Sdn Bhd:
Thanaletchumy Arujanan – Marcomm | CGS-CIMB Securities Sdn Bhd thana.arujanan@cgs-cimb.com | www.cgs-cimb.com.my/en/home
Contemi Solutions:
Vani Parmar, Head – Brand & Marketing | Contemi Solutions vani.parmar@contemi.com | www.contemi.com
About CGS-CIMB Securities Sdn Bhd
CGS-CIMB Securities Sdn Bhd (CCS) is one of the leading integrated financial service providers in Asia. It is a 75- 25 joint venture between CGS International Holdings Limited, a wholly-owned subsidiary of China Galaxy Securities Co. Ltd., and CIMB Group Sdn Bhd.
Through a network of local offices, branches and strategic partners, we have a global presence in over 15 countries, providing a truly Asian perspective. We are well-position as Asia’s leading financial gateway with a core focus on well researched and in-depth analysis on financial products.
We are a customer-centric firm and focus on value creation for clients, offering a suite of investment and financial solutions for retail and institutional clients. Our businesses include retail broking, institutional equities, derivatives, prime services, equities research, wealth management and online broking.
Backed by an award-winning research team, we have one of the most comprehensive research coverage of over 800 stocks in the region. Our strong research capabilities from the backbone of our product and service offerings, connecting clients to opportunities.
About Contemi Solutions
Contemi Solutions is a trusted technology partner to the global financial industry, providing software and digital solutions for insurance, investment, asset & wealth management, banking and capital markets. Contemi’s software solutions and services enables banks, insurance providers, distributors, capital market firms, and asset and wealth managers to cut through complexity and streamline business processes and technology for cost reduction, operational efficiencies, seamless digital customer/end-user experiences, and innovation.
Originally founded in Norway, today headquartered in Singapore, Contemi Solutions is backed by over 25 years of experience building innovative digital business solutions that are delivering value to a broad range of financial services companies across the globe, including companies like Singlife by Aviva, Handelsbanken, Bank of China, WaterCircles, CIMB, and OCBC Bank, to mention a few. Contemi maintains a local perspective globally with a team of more than 200 employees working from offices across the UK, Norway, Singapore, Hong Kong, Australia, Vietnam, Malaysia, Indonesia, and India.
For more information, visit www.contemi.com
About NOVA
Contemi’s NOVA post-trade solution is a market leading middle and back-office solution for both retail and institutional investment banks and stockbrokers. The NOVA 'Package' contains standard modules required to process a trade, such as static data, trade and settlement processing and accounting, supplemented by local modules that interface into a local clearing system, provide regulatory reports and more. As a modular solution NOVA allows certain modules to be independently implemented to satisfy a specific business processing requirement such as margin trading and custody.
For more information, visit https://contemi.com/products/nova-post-trade-processing-solution
