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SmartCo inks Fingance reseller deal

13 October 2010  |  1168 views  |  0 Source: SmartCo

SmartCo is pleased to announce its formal partnership with Fingance GmbH, as an exclusive partner to sell and implement the SmartCo DataHub solution in Germany, Austria and Switzerland.

SmartCo is a global leader in the reference and market data management software solutions industry, bringing innovative solutions to the buy side, sell side and securities services. SmartCo DataHub's main strength is its flexibility. The software is entirely parameters driven, and any market specific needs can be implemented within weeks without requiring a new version of the software. Smartco is currently experiencing a strong international growth with clients in several European countries and North America.

In order to sustain this rapid growth and the high standards of expertise our clients expect, SmartCo has engaged with FINGANCE for this very specialized market. The ability to work with and utilize the knowledge and experience of an organization such as FINGANCE brings immediate value to both our clients and our organization. Each of these countries has very unique and specific business and regulatory requirements that demand a very deep understanding and truly local knowledge.

"SmartCo's strategy is simple: To go local, you need to be local. For this reason, SmartCo decided to find in every country targeted the best possible partners for reselling, customizing and implementing its solutions. We could not have dreamed of better partner than FINGANCE in Germany", says Pascal Mougin CEO of SmartCo.

After a period of initial training on the SmartCo solution, the FINGANCE team is now certified and fully able to implement the SmartCo DataHub. FINGANCE has had immediate impact on SmartCo DataHub by providing German, Swiss and Austrian market specific input in various areas such as instrument coverage, local data vendor interfaces, Position & Transaction module extension and our validation and data quality module to include German specific laws. With FINGANCE having already started several proof of concept projects and the results having validated the relationship, SmartCo is confident it can continue to deliver the most flexible and rand rrobust solutions in the marketplace.

"The SmartCo DataHub solution is exactly the technology we were looking for when we created FINGANCE. Now that we customized it to the local markets, it is the best data management platform that German, Swiss and Austrian financial institutions could expect" says Gerhard Thusek, CEO of FINGANCE.

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