SmartCo Announces Formal Partnership With FINGANCE GmbH

Oct. 12, 2010 - PRLog -- 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 robust 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.

About SmartCo:
Since 2004, SmartCo has helped financial institutions of all sizes to optimize their data management capabilities with a state-of-the-art software solution, SmartCo DataHub.  SmartCo is a fast growing and dynamic company with its main headquarters in Paris, a North American headquarter in Boston, and consulting and integration partners in several North American and European cities.  
Innovation and flexibility is our motto: In addition to the centralization of securities and counterparties reference and market data and the ability to fully cover the operational data needs for any financial institution, SmartCo DataHub allows its clients’ core data management to seamlessly evolve with their business and market needs without any constraints from the software vendor.
For additional information about SmartCo, go to http://www.smartco.com
Contact: info@smartco.com
North America: Brent Knapp, +1 617 342 7406
Europe: Alain Broustail, +33 1 58 22 20 50


ABOUT FINGANCE GmbH
FINGANCE was founded by Gerhard Thusek and Oliver Muthig.  Later on, Stephan Läuchli joined the founder team to setup FINGANCE Switzerland. FINGANCE provides experienced specialists for development and integration of key data management and fund reporting solutions within the investment management industry. Fingance is the exclusive distributor and integration partner of the solutions of its partners  SmartCo  and Co-Link in Germany, Switzerland and Austria. With offices in Bornheim, Frankfurt and Zürich FINGANCE guaranties local knowledge expertise for high quality implementation and first level support.
For additional information about FINGANCE, go to www.FINGANCE.de
Contact:  Gerhard J. Thusek, CEO,  +49 (0) 2227 8589190

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SmartCo (www.smartco.com) offers a innovative SOA data management solution, SmartCo DataHub covering repositories for securities, third-parties, indexes and benchmarks, funds and mandates, as well as operational data including holdings and trades.