The Central Depository and Settlement Corporation (CDSC) has invited tech firms to submit bids for supplying software to provide data security and guard against data loss for the agency’s bulk emailing platform.
The agency plans to go paperless in a year’s time by adopting e-mails and cut on Sh9 million annual postage bill incurred to send 40,000 paper statements mailed out monthly and a further 500,000 statements at the end of every year.
Kenya’s securities clearing house is seeking an IT firm to provide a secure e-mailing platform ahead of plans to phase out paper statements in favour of sending electronic reports to investors at the Nairobi Securities Exchange.
The Central Depository and Settlement Corporation (CDSC) has invited tech firms to submit bids for supplying software to provide data security and guard against data loss for the agency’s bulk emailing platform.
“The system should demonstrate and include but not be limited to configurable inbound and outbound mail transfer agent capabilities able to process at least 200 emails per minute, above 99 per cent success rate and below one per cent false positives for: anti-spam, anti-phishing, anti-malware and anti-virus capabilities,” the CDSC says in tender documents.
“The scope of work will include site scoping, delivering, configuring, commissioning and supporting the platform on CDSC’s virtualised environment in addition to knowledge transfer.”
The agency plans to go paperless in a year’s time by adopting e-mails and cut on Sh9 million annual postage bill incurred to send 40,000 paper statements mailed out monthly and a further 500,000 statements at the end of every year.
This tender that closes on Friday comes as a boon to providers of secure e-mail gateways such as Chicago-based Trustwave, Cisco, and Nasdaq-listed Fortinet.
The winning bidder will have their app tested for a period of five days, and should have capacity to deploy the platform within three days, the securities settlement firm said.
There were 1.61 million investor accounts as at December 2016, according to data from the CDSC.
Chief executive Rose Mambo said the agency targets to go fully paperless once 70 per cent of all account holders update and adopt the email service.
Currently, 30 per cent of Nairobi bourse investors receive their statements via e-mail, she said.
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