Automate, Comply, Scale

NOVA Post-Trade Platform Built for Malaysia’s Unique Requirements

Transforming Challenges into Opportunities with NOVA's Comprehensive Automation Solutions

Addressing Regulatory Compliance with Ease

The Securities Commission Malaysia’s revised guidelines now permit fractional share trading, enhancing market accessibility for retail investors. While this initiative democratizes investment, it necessitates significant system upgrades for brokers to ensure fair order execution and price transparency.
Simultaneously, the Inland Revenue Board Malaysia (IRBM) is phasing in e-invoicing mandates, requiring businesses to generate and transmit electronic invoices in a standardized format (MYS XML). This shift aims to enhance transparency and efficiency but imposes additional compliance requirements on financial institutions.

NOVA's Solution

Automated Compliance

NOVA's platform seamlessly integrates with existing systems to automate the generation and submission of electronic invoices, ensuring adherence to IRBM's standards.

Click to learn more about our E-Invoicing module

Fractional Trading Support

Our system is equipped to handle fractional share transactions, maintaining accurate records and ensuring compliance with SC's guidelines.

Mitigating Fragmented System Challenges

Fragmented IT infrastructures can lead to data silos, inconsistent processes, and increased risk of errors, especially during high-volume transactions.

NOVA's Solution

Unified Platform

NOVA consolidates various post-trade processes into a single, cohesive system, reducing complexity and enhancing operational efficiency.

Click to learn more about our core platform

Real-Time Monitoring

Our platform provides real-time insights into transaction statuses, enabling prompt identification and resolution of issues.

Click to learn more about our settlement platform

Overcoming Legacy System Limitations

Many Malaysian financial institutions rely on outdated legacy systems that are incompatible with modern technologies, leading to operational bottlenecks and increased maintenance costs. These systems often lack the flexibility to adapt to new regulatory requirements and market demands.

With new, improved, and fast front-ends, running operations on legacy systems is like trying to run a bullet train using a diesel engine.

NOVA's Solution

Modern Infrastructure

NOVA offers multiple deployment options, including a cloud-hosted platform that reduces reliance on outdated hardware, enhancing scalability and reducing maintenance expenses.

Seamless Integration

Our solution is designed to integrate effortlessly with existing systems, minimizing disruption during the transition process.

Ensuring Shariah Compliance in Operations

With 65% of Malaysian Muslims preferring Shariah-compliant financial products, there’s a growing demand for Islamic financial services. This necessitates additional operational changes to ensure compliance with Shariah principles.

NOVA's Solution

Shariah-Compliant Framework

NOVA is designed with a Shariah-compliant framework, ensuring all operations align with Islamic financial principles.

Compliance Monitoring

Our platform includes tools for monitoring and auditing transactions to ensure ongoing adherence to Shariah standards.

Experience the NOVA Post-Trade Advantage

By addressing regulatory compliance, modernizing legacy systems, unifying fragmented infrastructures, and ensuring Shariah compliance, NOVA empowers Malaysian stockbrokers and investment banks to navigate the evolving financial landscape with confidence.