Screen INFOmatch Enlists AFO to Provide South Africa & Middle East Support for its Managed Services to Its Growing Client Base
JOHANNESBURG, June 1, 2017 – Global market data inventory management and usage monitoring platform vendor Screen INFOmatch has partnered with South Africa-based startup financial technology provider Africa Fintech Solution (AFO) to help grow its managed services capabilities and offer on-site support to clients in South Africa and the Middle East.
Screen INFOmatch chief executive Peter Fruitema says South Africa and the Middle East have proved “very successful” for Screen. “We have most of the banks and asset managers there as clients. We would like to be in the position where we can offer more services locally, and one of the things we want to do is to have someone there who can offer a managed service locally to not only existing customers but also to smaller clients who may not be large enough to buy a system like INFOmatch, but could do with a fully outsourced solution.”
Fruitema says managed services are becoming more appealing to banks, asset managers and trading firms, adding that Screen already has managed service clients in Asia, the UK and US. “The reasons are simple: continuity and cost efficiencies,” he says. “Clients realize that managing data inventory doesn’t have to be a core part of their business, and can be outsourced. Inventory management is, however, increasingly important for organizations. There are so many market data managers who want to have cost information and see what they can do to reduce that cost—or at least control it—and make sure that they stay compliant.”
AFO was founded in January by Kelvin Thomson, an IT manager at ICAP, who is currently in the process of leaving the interdealer broker. Thomson has also worked as consultant for Screen Consultants in the Benelux region as has experience of banking technology, market data and project management in Africa, he says.
Thomson says Screen INFOmatch is the “the only kind of market data management vendor of this type in South Africa and the Middle East,” but did not have a local presence to support its managed services solution. That, he says, is where AFO comes in. “We can offer an on-the-ground presence to…
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(article as published in Inside Market Data on June 1, 2017)
The Screen Group offers a range of specialised services and solutions for the professional financial services industry.
At the foundation of the company Screen built a unique consultancy practice that has made Screen the global leader for market and reference data advisory services. Through benchmarking, user profiling and requirements inventory Screen assists user firms in optimising their market data spend, as well as in researching, selecting and implementing software applications and solutions.
To inform the Financial Services Industry of new vendors and industry trends, Screen has been organising one day trade shows, Screen Events, for the last 18 years.
The offering is completed with a range of in-house developed and supported software solutions, the INFOmatch suite, which allows user firms to manage market data spend, create cost transparency and reduce redundant services.
The labels that represent this unique suite of complementary services are Screen Consultants, Screen Markets and Screen INFOmatch.
For further information please contact:
Mr. Roel Mels
Tel: +31 73 6122 940