COMIT AG (a Swisscom company) and its partner Information Performance AG replace FinOffice with INFOmatch as core system for market data managed service.
COMIT AG and Information Performance AG have decided for INFOmatch, the cost & contract management application, to be used to manage market data environments for their customers.
AMSTERDAM and SANKT GALLEN, February 24, 2006 – Screen Consultants, independent experts in market data and providers of market data management solutions, today announced that COMIT AG and its partner Information Performance AG have decided to use INFOmatch for their market data bureau service. INFOmatch replaces FinOffice, which was used by the Swiss market data specialist so far. “For several Swiss financial institutions, we manage together with COMIT AG the market data admin process”, says Tayfun Gürbostan from Information Performance AG. “We need a reliable system that is flexible in a sense that it should allow us to manage several databases, each having its own specifics.
What we like about INFOmatch in particular, is its intuitive user interface and flexible reporting. The system is easy to navigate and allows us to simply switch between customer databases, and we can very easily customise the reports per customer. We feel very comfortable having INFOmatch.”
“Outsourcing the market data administrative process, or parts of it, is a growing thing. A growing number of financial institutions have come to the conclusion that this process simply requires specialist resources, due to its complex character”, says Peter Fruitema, Managing Director at Screen. “This phenomenon has proven to be an opportunity for companies such as COMIT AG and Information Performance AG, who have the specialist expertise on board. They are able to offer their services at attractive rates, resulting in lower administrative cost for financial institutions”.
Michel Magnin, director of Screen Switzerland is delighted to welcome COMIT AG and Information Performance AG as the latest INFOmatch customer. “Being true specialists in managing market data, they are second to none at rating market data management systems. We feel honoured that they have chosen INFOmatch.”
About COMIT AG
COMIT AG has been a partner of the finance industry since 1980. With their products and services, COMIT AG supports their customers along the entire value creation chain of IT services. As a result of continuous and intensive focus on industry-specific issues, COMIT AG is very familiar with problems facing financial service providers in the IT field. The solid banking know-how allows COMIT AG to offer their customers a comprehensive service when it comes to evaluating, integrating and running their IT solutions. The service portfolio as well as the organisation is clearly geared toward the customers’ needs. In particular, complex and cost-intensive projects are well-placed in COMITs hands. With Swisscom IT Services as the preferred partner and being embedded in the Swisscom group of companies, COMIT does benefit from a high level of financial stability. COMIT employs over 400 IT and banking specialists. Their clients include major banks, private banks, insurance companies, business and application service providers, as well as clients from related industries. For further information, please contact:
Mr. Andreas Breitenmoser
Tel: +41 71 499 29 32
About Information Performance AG
Although Information Performance AG is a relatively young company, its staff is very experienced, in particular with respect to IT and systems used in financial trading environments. Information Performance AG offers its professional services to Swiss financial institutions together with COMIT AG. Focusing on market data and trading infrastructures, the company assists their customers with project management, application management, consultancy and BPO services. The latter includes a market data administration managed service, e.g. Information Performance AG manages the administrative processes with respect to market data for their customers. This includes invoice reconciliation, contract management and cost allocations. Until recently, they used FinOffice to manage their customers’ market data administration. After having been introduced to INFOmatch, COMIT AG and Information Performance AG decided to replace FinOffice. For further information please contact:
Mr. Tayfun Gürbostan
Information Performance AG
Tel: +41 71 230 22 00
About Screen Consultants
Screen Consultants is the leading Independent Market Data & Financial Technology Specialist for the Financial Services Industry. Screen offers specialist services on information services, technology and cost management in the front, middle, and back-offices of financial institutions. Screen has global presence and more than 200 financial institutions world-wide as customers. Screen provides value to its clients through three lines of business:
Business Consultancy – Through the consultancy business Screen can deliver a full range of market data management services such as cost reduction studies, contract negotiations, dealing room benchmarking projects, and assist with making strategic choices related to investment management technology.
INFOmatch® – the administrative tool to manage market data costs and contracts, control entitlements, budgets and changes. INFOmatch® has interfaces to major vendors such as Reuters (DACS), Moneyline Telerate Observer+ and Bloomberg. The software can be licensed to run in-house by customer’s staff or, as an alternative, by Screen’s market data specialists.
Screen Events – annual exhibitions and conferences for the financial community organised in several European financial centres.
For additional information please contact:
Screen INFOmatch BV
Mr. Peter Fruitema
Director Screen INFOmatch
Tel: +31 73 6122 940