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Issue3 - Summer 2006

Capital Market Authority – CMA (Cairo - Egypt)

Internet Portal Integration

Background:

The Capital Market Authority, founded in 1973 and considered to be one of the oldest stock markets in the world, is the supervision authority responsible for organizing the stock exchange market in Egypt.

CMA’s main responsibilities:

- Encourage the opening of well established and highly qualified primary and secondary stock exchange markets within

  the legislation rules.

Approve the subscription issuance of new stock exchange releases.

Grant stock exchange licenses to brokerage companies.

 

 All in addition to supporting the growth and development of the capital market in Egypt by providing the newest techniques and advanced technology implementations in this filed, as well as raising the investors consciousness of the market movements.

 

Customer Needs (Challenge):

 

Being the market leader in the financial sector, CMA is always looking forward to following the newest technologies trends that would assure its offering of the best service in the market.  CMA sought after developing an online public disclosure website to provide transparency in the Egyptian Capital Market and improve the timeliness and quality of information available to all users including: local and foreign investors, companies, brokers and analysts.

The main need for such a portal was to avail to the capital market participants all the publicly disclosed information on companies listed on the Cairo-Alexandria Stock Exchange (CASE) like: Contact Information & Incorporation Details, Financial Statements, General Assembly Meetings Minutes…etc., as well as providing a smart solution to automate and secure the increasingly daily “Services Requests” that were handled manually.

The CMA was seeking a smooth integration with the previously implemented systems, providing at the same time

flexible and easy-to-use tools for its employees; resulting in lifting up productivity and reaching the goal of being a fully automated and paperless work environment.

 

Solution: 

After a successful implementation of Jupiter Enterprise Suite – Document Management and Workflow Automation Solutions, CMA decided to take one step forward on the full automation plan by initiating the “CMA Internet Portal” project with ASSET Technology Group.

“With Jupiter Enterprise Suite’s flexible integration, wide range of system capabilities, in addition to the previous experience of a successful implementation of Jupiter’s Content and Process management modules, CMA looked forward to go ahead with their automation plan and award the CMA portal project to ASSET. This project was a new challenge that we are proud of and were sure to accomplish in the best way to meet CMA’s expectations.”  Dr. Tamer Mostafa, R&D Manager-ASSET Technology Group

 www.cma.gov.eg

Based on the analysis of CMA’s business case requirements and constrains of using e-service/online payments, ASSET recommended an addition to the system based on Jupiter Enterprise Suite including:

 - Website Content Management that integrates with Jupiter’s document management and workflow automation solutions to utilize the information stored into Jupiter repository using a simple GUI for non-technical users in order to manage the portal’s content authoring, review and publishing processes.

- Portal Integration with Oracle Portal using Jupiter’s Portal Integration Kit, to help CMA deliver a “Service” Portal, automate the internal requests initiated from within the portal and secure the access to classified lists of incoming requests and put them into action.

- Full Text Retrieval that locates contents, not simply by their keywords, but by the text that is contained in the document and allows the search within the document or the submitted comments.

The internet portal was a turnaround key solution as it allowed the CMA to stay ahead in the market competition by providing exceptional client services and being the pioneer with its outstanding e-services and special tools for data representation. The portal solution provided online filing solution for:

  -  Financial Statements and Data from CASE-Listed & Securities Companies.

  -  Mutual Funds Information.

  -  New Companies Establishment Documents.

  -  Company Capital Increase/Decrease Requests.

  -  Securities Companies Licensing Applications.

  -  Securities Company Personnel Licensing Applications.

  -  Official Copies of CMA Documents Requests.

The CMA Portal provided “Information Retrieval Services” such as legal and regulatory information related to e-government, all in addition to “e-services” that would allow the users to submit online requests suing the website with the support of the “Online Fees Collection” of CMA services such as: Licensing of Securities Company Personnel, New Incorporations, Copies of Official Documents…etc.

 

Results & Benefits:

 

The Portal implementation resulted in:

  -  Fast, smooth implementation and integration with the exiting applications, completed in 6 month.

  -  Efficient retrieval system of documents concerning a certain topic, company, request or meeting notes.

  -  Strict security measures for documents viewing and transmission to ensure confidentiality of the CMA data.

  -  Improving CMA image in front of the investors, companies and participants by being the first to implement Jupiter’s

     “Internet Portal” topnotch solution.

 

Future Implementation:

 

It is planned that all the users (with their varying levels of computer knowledge), would be able to use the CMA Portal to effectively facilitate and speedup the process of requesting services or information through:

-  Enabling users to submit their requests more flexibly and access the portal from the office or home.

  -  Automating the process of documents issuance by using the e-services and online requests submissions, resulting in

     faster response, reduction in reply time, and offering an outstanding level customer service.

 

 

Used technologies:

 

ASSET Products:

 

Jupiter:

 

* Content Management.

* Desktop Client Application.

* Document Management.

* Full Text Retrieval.

* Integration Tool Kit for Oracle Portal.

* Process Automation.

 

Technology & Platform

 

* Oracle Portal

* Oracle Application Server

* Oracle Database

* Oracle Workflow

* Jdeveloper

* MS Windows

 

     
 

Copyright © 2006 ASSET Technology Group