Montran Successfully Implements Central Securities Depository at the Central Bank of Kosovo

Montran's Milestone in Financial Technology

Montran, a leading global provider of payment and cash management solutions, proudly announces the successful deployment of a modern Central Securities Depository (CSD) at the Central Bank of Kosovo (CBK). This advanced technological solution enables the bank to streamline its management of dematerialized financial instruments and integrates seamlessly with Montran's Real-Time Gross Settlement (RTGS) system, facilitating mass settlement.

The new centralized system offers immediate benefits, including enhanced operational efficiency, interoperability, automation, user-friendly interfaces, and robust data reporting tools. Shkendije Nahi, Director of Asset and Reserve Management at the Central Bank of Kosovo, stated, “Montran has been a fantastic partner from day one, demonstrating genuine commitment to meeting our needs. We have witnessed a positive impact from the implementation of the new CSD system and are pleased to have developed a platform that better responds to our clients and stakeholders.”

The functionalities of this new solution encompass primary issuance, custodial services, secondary trading, automated corporate actions, securities management, and more. Its advanced capabilities, along with a more effective integration with existing systems, empower the Central Bank of Kosovo to offer innovative services and scale its operations effectively.

"We are honored to extend the financial market infrastructure of the Republic of Kosovo with Montran's solution critical to capital markets," Keith Esca, Montran's Sales Director for the European region, expressed. “Our CSD system allows the Central Bank to optimize processes and derive significant value within the financial market through smooth integration with Montran’s payment market infrastructure present in Kosovo.”

Following the successful launch of the system, Montran continues to work closely with the Central Bank of Kosovo, providing ongoing maintenance, support, and future enhancements.

About Montran

Montran is a leading provider of payment and cash management solutions, serving the world’s largest financial institutions with critical systems and operations in over 80 countries. To learn more, visit www.montran.com.

About the Central Bank of Kosovo

The Central Bank of the Republic of Kosovo (CBK) is the primary institution responsible for maintaining financial stability, promoting a safe and efficient payment system, fostering economic growth, and ensuring a robust and resilient financial sector in Kosovo. More information can be found at cbk-kos.org.