Last Updated on July 31, 2023
The Securities Board of Nepal (SEBON) has announced that it will establish its own data center. The board unveiled its plan while releasing its programs & policies for Fiscal Year FY 2080/81 on Sunday, July 30.
SEBON aka Dhitopatra board said that its data center will help with the record management of data and information relating to the share and exchange markets. Additionally, it will also become useful to maintain various systems the board uses and will use in the future, the board said.
The board further adds that the data center will facilitate the effective operation of the Settlement Guarantee Fund to ensure secondary market transactions of the stock exchange.
The board has adopted a policy of linking regulation and supervision with the information technology system. It has been said that they will study the use of an integrated real-time supervision system based on AI, which is being used internationally to monitor and supervise transactions in the securities market and commodity exchange market.
Check out: Ncell Integrated Data Center at Nakkhu
SEBON intends to integrate more advanced technologies for stock exchange operations. The board says that it will study AI-based real-time monitoring and regulation commonly practiced worldwide to adopt them in Nepal.
The policy mentions its study into enterprise resource planning to make its operations more technology-friendly and effective.
Also read: Subisu Brings Modular Data Center into Operation
SEBON to have its own data center and integrate technology for effect stock market operations
Besides bringing its own data center, SEBON will also incorporate various technologies and study the prospects to make its operations more efficient and effective. In summary, the board will execute or plan to as it seeks to transition to more electronic processes for its services. Find key highlights below:
- The board will study Enterprise Resource Planning (ERP) to make its operations technology and information friendly and effective.
- To make its monitoring and other processes technology-based, it will procure, develop and use necessary software and hardware. Likewise, it will study globally practiced AI-based Integrated Automated Market Surveillance Systems for the real-time monitoring of the stock exchange market. Don’t miss: “Existing Law is an Impediment to Telco Infrastructure Sharing“
- The board also says that it could buy Statistical Analysis Software to make its research statics-based.
- It will include the board’s currently used model into the system to make Electronic Reporting and Retrieval System-ERRS more effective.
