MSEI selects Jikuro as technology partner
Jikuro Technologies on Thursday said it has been selected by the Metropolitan Stock Exchange of India (MSEI) as its technology partner.
Jikuro will assist the stock exchange in the implementation and maintenance of the MSEI investor grievance redressal module, the company said in a statement.
The module facilitates resolution of complaints of investors (clients) against members and listed companies as well as handling of arbitration proceedings under the arbitration framework of the Exchange.
Commenting on the partnership, Mr. Abhishek Bansal, Promoter of Zikuro and Founder of Abns Holdings Ltd. (NSE: AHL), said, “We have a wide range of professionals to handle front office, back office operations for trading members, depository participants, professional clearing members, strong platform. As well as the custodian. With Metropolitan Stock Exchange becoming the technology partner, we are now well positioned to provide technology solutions to the exchanges. We are delighted to partner with MSEI and provide them our technology solutions Our expertise in FinTech solutions will help MSEI provide a seamless experience to its customers and enhance the overall efficiency of its operations. We look forward to a long and fruitful partnership with MSEI.”
Jikuro is the fintech arm of the Abans Group.
Zikuro Technologies will assist MSEI in the implementation and maintenance of the MSE Investor Grievance Redressal Module. This module facilitates resolution of complaints of investors (clients) against members and listed companies as well as handling of arbitration proceedings under the Arbitration Framework of the Exchange. The technology solution provided by Zikuro Technologies supports trade file processing and reconciliation with confirmed trade data, securities settlement for confirmed trades and generation of a file for uploading to the banking system. Additionally, it offers a corporate action module for managing monetary and non-monetary corporate operations, parameterized billing for providing custodial services, and net holding reports, corporate action accumulation, client-level reporting on overdues and collections.
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