OeKB will provide true end-to-end digitization to its customer segments in Austria through Montran's next generation solutions
VIENNA, Nov. 14, 2022 /PRNewswire/ -- OeKB CSD, the Austrian Central Securities Depository, and Montran, a leading provider of capital market software, today announced that they have successfully completed the implementation of the Platform. of Issuance of OeKB CSD: a platform for the digital management of securities based on the main solution of the Central Securities Depository (CSD) of Montran. Both companies celebrated the success of the launch with a kick-off event in Vienna.
This is an important milestone in the digitization of the custody infrastructure in the Austrian capital market, made possible by the recent amendment to the National Depository Regulation. The new platform allows the digital issuance of securities, as well as the management of the entire life cycle of securities in a single system. Supports full integration with customer systems to create a seamless, paperless process. Customers can now benefit from end-to-end digitization with a higher level of flexibility, speed and convenience. Both OeKB CSD and Montran are convinced that this will enable a new dynamic for the Austrian capital market and will serve as a solid foundation for further digitization and growth.
"This project has been truly transformational, not only from a technological standpoint, as we have replaced the last piece of legacy and significantly streamlined our IT architecture, but it has also been a major organizational change," said Laura Hauser, Head of technology of OeKB CSD. "It was great teamwork and an exceptional effort at a difficult time. We are very grateful to our team, to our software solutions partner, Montran, whose team proved to be reliable, with extraordinary experience in our business, and fulfilled their promises."
Raegan Esca, Managing Director of Montran Europe, said, "The versatility of our CSD solution enabled us to provide a robust and efficient issuance platform for OeKB CSD. The features of our CSD enabled the implementation of a modern application for OeKB CSD to offer its clients an end-to-end integration for security lifecycle management The benefits of this new platform will be visible to all major stakeholders, including issuers, service providers, banks and investors We are confident it will be will become a cornerstone for driving innovation and growth in the Austrian capital market. We are delighted to launch the Issuer Platform with our strategic partner, OeKB CSD. Together we look forward to delivering the future-proof solutions that OeKB CSD and its clients need." .
About OeKB Group
The companies of the OeKB Group, with their more than 500 employees, provide essential and relevant services for the Austrian export industry, the capital market and the tourism industry, offer services for the energy market and are part of the financing of Austrian development. All their activities have a clear economic benefit, strengthen Austria as a place of business and support the Austrian economy in global competition. OeKB acts in a competitively neutral, intersectoral and sustainable manner.
About OeKB CSD
OeKB CSD Ltd., a 100% subsidiary of OeKB AG, is the Austrian Central Securities Depository, a provider of critical capital market infrastructures that plays a central role in the Austrian capital market. OeKB CSD accepts securities from equity issuers for safekeeping and administration on behalf of investors, provides securities settlement services and processes the full range of corporate actions for assets held in custody.
Founded in 1979, Montran is the leading provider of capital markets and payments infrastructure solutions and services to many of the world's largest financial institutions, enabling them to stay ahead of the increasingly demanding financial industry landscape. . With mission-critical facilities and operations in more than 80 countries, Montran is a global leader in fintech. You can find more information about Montran's products and services at www.montran.com.
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