Nintex partner K2 Israel delivers low-code delivers solution resulting in significant time and cost savings
Each year, the Tel Aviv Stock Exchange handles over 1,000 applications for the registration of securities for trading through Initial Public Offerings (IPO), secondary offerings, rights offerings, and private placements. To date, applications have been processed manually by submitting prospectus drafts, shelf offers, and private allocations.
Managing the registration process for an IPO is a complex process, which begins with a company preparing for an IPO. There are many parties involved in the process – lawyers, underwriters, the company, the stock exchange, and the stock exchange clearing house.
In collaboration with Nintex partner K2 Israel, the Tel Aviv Stock Exchange has launched an innovative digital system for registering issues. The system is a unique service that automates the IPO process to allow companies to act quickly and accurately, with the ability to control communications between all involved parties.
Digitizing processes enables secure and transparent communications
The new digital system is a significant leap forward – a transition from a manual registration process to an innovative, automated digital process. It has simplified a complex process and made it more accessible for users by enabling issuing companies, lawyers, and underwriters leading the issuance process to operate transparently and efficiently. It has also shortened the duration of the process.
The system provides users the ability to respond quickly to tasks related to the issuance process from anywhere, and at any time. It is a unique solution that, among other things, reduces operational risks and human errors, by using digital control tools throughout the entire process.
The system was built by K2 Israel with Nintex Automation to deliver full end-to-end automation by integrating external and internal components to the organization under one complete and secure solution.
