Icubic Launches New SaaS Portal to Address Securities Issues

By Erin Harrison

Icubic has unveiled a new Software-as-a-Service (SaaS) portal, aimed to address securities issues. The subscription-based platform integrates reference groups such as employees or clients into the issuing process of the corporation.

The portal, called Icubic Subscription Solution (ISS), is an online portal for companies that manage the issuance of securities tranches to affiliated investors. ISS builds on Icubic’s product line, focusing on not only the bank and insurance sectors, but also issuing companies, according to René Lemme, marketing manager at Icubic.

“We have previously concentrated our product offering on the electronic trading processes of the bank and insurance sectors. With ISS, we are now also focusing on the issuing companies,” Lemme explained in a statement. “What is special, however, is that more than a decade of know-how and expertise gained from our core business has gone into the development of this new web service.”

Traditionally, companies utilize the exchanges to sell bonds in order to raise fresh capital, and their securities are presented to a generally wide and anonymous audience. ISS is designed to allow issuers to share their securities to targeted groups at different points in time.

The Germany-based company is working with Deutsche Börse AG, and has access to flexible interfaces for central service providers that company officials said play an important role in the security placement process such as paying agents, custodian banks or trading participants on the exchanges.

Over the past year, there has been an increase in cloud security awareness, bringing cloud security into workforce management, MSPToday reported. The CSA announced its latest initiatives, such as examining ways to better secure mobile devices through cloud computing, looking at ways to drive more security innovation, and a push into the Asia-Pacific region.

Edited by Braden Becker

Executive Editor, Cloud Computing

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