OeKB CSD and Montran deliver CSD Issuer Platform to OeKB CSD Clients

OeKB will provide true end-to-end digitalization to its client segments in Austria via Montran’s next-generation solutions

VIENNA, Nov. 14, 2022 /PRNewswire/ — OeKB CSD, the Austrian Central Securities Depository, and Montran, a leading provider of capital market software, today announced the successfully completed implementation of the OeKB CSD Issuer Platform: a platform for the digital management of securities based on Montran’s core Central Securities Depository (CSD) solution. Both companies celebrated the successful launch with a go-live event in Vienna.

This is a major milestone in the digitalization of custody infrastructure on the Austrian Capital Market, enabled by the recent amendment to the national Depository Regulation. The new platform enables the digital issuance of securities as well as manages the entire lifecycle of securities in a single system. It supports full integration with customer systems to create seamless and paperless process. Customers can now benefit from end-to-end digitalization with an increased level of flexibility, speed, and convenience. Both, OeKB CSD and Montran, are convinced that this will enable a new dynamic for the Austrian Capital Market and will serve as a solid basis for further digitalization and growth.

This project was truly transformational, not only from the technology point of view, as we replaced the last piece of legacy and significantly streamlined our IT architecture, but also involved a large organizational change,” said Laura Hauser, CTO of OeKB CSD. “It was great teamwork and an exceptional effort during a challenging time. We are very thankful to our team, our software solution partner, Montran, whose team proved to be reliable with an outstanding domain expertise in our business and delivered on their promises“.

Raegan Esca, General Manager at Montran Europe, said, “The versatility of our CSD solution allowed us to provide a robust and efficient Issuer Platform for OeKB CSD. Our CSD features enabled the implementation of a modern application for OeKB CSD to offer its clients end-to-end integration for the Securities Lifecycle Management. The benefits of this new platform will be visible to all the main stakeholders including issuers, service providers, banks, and investors. We are confident this will become a cornerstone for driving innovation and growth in the Austrian Capital Market. We are thrilled to launch the Issuer Platform with our strategic partner, OeKB CSD.  Together we look forward to delivering the future-forward solutions that the OeKB CSD and its clients require.”

About OeKB Group

The companies of OeKB Group with their more than 500 employees provide essential and relevant services for the Austrian export industry, the capital market, and the tourism industry, offer services for the energy market and are part of the Austrian development financing. All its activities have a clear economic benefit, strengthen Austria as a business location and support Austria’s economy in global competition. OeKB acts in a competitively neutral, cross-sectoral, and sustainably responsible manner.

About OeKB CSD

OeKB CSD Ltd., a 100% subsidiary of OeKB AG, is the Austrian Central Securities Depository, a critical capital market infrastructure provider playing a central role on Austria’s capital market. OeKB CSD accepts securities from capital-raising issuers for safekeeping and administration on the investors’ behalf, provides securities settlement services and is processing the full range of corporate actions for the assets held in custody.

About Montran

Founded in 1979, Montran is the leading provider of Payment and Capital Market Infrastructure solutions and services for many of the world’s foremost financial institutions, enabling them to stay ahead in today’s increasingly challenging financial industry landscape. Having mission critical installations and operations in over 80 countries, Montran is a global leader in the financial technology arena. More information about Montran’s Products and Services can be found at www.montran.com.

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Invasive Mosquito Threatens Malaria Control in Africa

Malaria exploded this year in the Ethiopian city of Dire Dawa, which saw more than 10 times as many cases between January and May as it did in all of 2019.

What made this spike in cases unusual is that it happened outside the rainy season, when malaria typically surges across Africa, and in an urban area — malaria is more of a rural problem on the continent. Cities are not immune, but they typically don’t see these kinds of outbreaks.

Something new and insidious has arrived in the Horn of Africa. An invasive species of mosquito called Anopheles stephensi threatens to unravel two decades of gains in malaria control. And it may bring the deadly disease to more of the continent’s rapidly growing cities.

“There is real fear that it could start more transmission in these areas that traditionally don’t have as much malaria,” said Arran Hamlet, a disease modeling expert with the U.S. Centers for Disease Control and Prevention. “And they don’t have infection control strategies implemented to the same levels.”

The new mosquito arrives at a bad time in the fight against malaria.

Africa’s native mosquitoes have become increasingly resistant to insecticides. (Anopheles stephensi is already resistant.) In addition, the malaria parasite is getting not only tougher to kill, but tougher to spot. Malaria strains that don’t show up on rapid diagnostic tests are becoming more common.

“We don’t want the three to meet — the drug resistance, the diagnostic resistance and the highly efficient vector [Anopheles stephensi],” said Fitsum Girma Tadesse, a molecular biologist at Ethiopia’s Armauer Hansen Research Institute.

“What happens if they coexist? We don’t know,” he said. “It’s really dangerous. You can’t detect the parasite. You can’t kill it with a drug. And the mosquito is wise enough to evade your [control] mechanisms.”

Fitsum and his colleagues linked Anopheles stephensi to the Dire Dawa outbreak in a study presented at the American Society of Tropical Medicine and Hygiene in Seattle this month. It is the strongest evidence yet that the mosquito is increasing malaria rates in Ethiopia.

A different mosquito

Malaria fighters started the millennium strong.

With insecticide-treated bed nets, indoor insecticide spraying campaigns and new artemisinin-based drugs, deaths from malaria plunged from nearly 900,000 in 2000 to around 560,000 in 2015. But since then, progress has stalled.

And the tools that have worked up until recently won’t help much against Anopheles stephensi.

“This [mosquito] is different and more insidious than some of the other mosquitoes that transmit malaria that we’re used to seeing in sub-Saharan Africa,” said Johns Hopkins Center for Communication Programs epidemiologist April Monroe.

Africa’s native malaria mosquitoes prefer to bite people inside their homes late at night. That’s why bed nets and indoor spraying have been so effective.

But Anopheles stephensi bites earlier in the evening. When it goes searching for a meal, “people aren’t actually in bed yet, and so they don’t get the same protection” from bed nets, Hamlet said.

It also prefers to take its blood meal outdoors. Or if it does bite indoors, it doesn’t rest there, thereby avoiding indoor insecticides.

The new mosquito’s habitat is different, too. Most malaria mosquitoes live in rural Africa. But Anopheles stephensi is “really highly adapted to urban areas, which isn’t what we typically see,” Monroe said.

It likes to lay its eggs in water storage containers, which are especially common in Africa’s fast-growing unplanned urban areas that lack piped water, Fitsum noted.

Newcomer

Originally from South Asia, Anopheles stephensi was first spotted on the African continent in Djibouti in 2012.

The small nation was on the verge of eliminating malaria at the time. It recorded just 27 cases that year. In 2020, there were more than 73,000.

Besides Djibouti and Ethiopia, the mosquito has turned up in Sudan, Somalia and Nigeria.

One study estimates the mosquito may put an additional 126 million people at risk of malaria in cities across Africa.

In Ethiopia alone, Hamlet and colleagues estimate that Anopheles stephensi could increase malaria cases by 50% and cost hundreds of millions of dollars to control.

“This is very much possibly a cheap option compared to letting Anopheles stephensi spread around the country,” Hamlet said. “There is a lot of economic burden on both individuals and the wider economy in this level of malaria increase.”

The last thing African countries need, however, is new disease vector that is expensive to control.

“Most of the countries affected by malaria have limited resources to deal with already existing prevalent diseases,” Fitsum said.

One bit of relatively good news is that since Anopheles stephensi breeds in the same places as the mosquitoes that carry yellow fever, chikungunya and dengue, efforts that target one would also control the others.

Fitsum says covering water containers with polystyrene beads can help prevent the mosquitoes from laying eggs. He advises people to cover water containers tightly and get rid of any they don’t need.

And keep using bed nets and indoor sprays, he added. Native mosquitoes are still out there.

Source: Voice Of America