Andile is the leading professional services brand for Capital Markets Technology in Africa, and is building a reputation for exceptional delivery at a very competitive price in the UK, Europe, Australia and India, through its partner networks.

Andile as a specialist Trade and Treasury professional services provider, was founded in Johannesburg, South Africa in 2008. The business currently services Investment Banks and Central Banks, across Africa, the United Kingdom, European Union, Australia, and India.

Andile brings deep market and industry expertise to help the Trade and Treasury departments within Banks leapfrog legacy software to streamline and automate their IT Operations infrastructure.

Andile has established long-term relationships and trusted advisor status with its clients, delivering exceptional and guaranteed managed services and software solutions to help them reduce total cost of ownership and achieve higher ROI. The business has evolved from offering one off project-based engagements to long-term service contracts, software licences, and infrastructure provision.

The Andile team is made up of leading subject matter experts in their field, on CMT platforms as well as traded asset classes. Andile’s founders are engineers and Capital Markets specialists who started the business in the legacy software arena, supporting Murex, Calypso and Front Arena platforms for its growing client base of Tier I Banks in South Africa.

The business grew organically till 2015 when it brought onboard a team of professional managers who introduced more structure, governance and project management discipline to the business. The client base grew and Andile entered into valuable Platform Partnerships with global market leaders.

Since 2013, Andile has built a long-standing and valuable partnership with global Top 10 platform provider Calypso, with a focus on a symbiotic working relationship that delivers exceptional results for their mutual clients. Andile’s close alignment with the Calypso team has enabled it to successfully deliver fixed-cost Calypso implementation and upgrade projects in world record beating time.

Singapore-based FinMechanics became a key platform partner for all the businesses in the 42Markets Group when it launched the first comprehensive, cloud-native Trade and Treasury platform to be fully built on microservices. The Group entered into a Co-determination Partnership with FinMechanics in 2019 enabling each of the 42Markets businesses to work more closely with this innovative platform. In Andile’s case, this platform is key to delivering on its growing order book for “Transform the Bank” projects.

Client partnerships too have been an important principle for Andile since inception and it has built strong, long-standing relationships with top Tier I and Tier II South African banks, including Nedbank, Investec, Standard Bank, Absa, Capitec, Sasfin, Discovery and the South African Reserve Bank.

In 2015 Andile began an active and relatively aggressive expansion into the rest of Africa, culminating in the professional services business operating in 8 countries in Africa: South Africa, Kenya, Zambia, Nigeria, Ghana, Namibia, Egypt and Mauritius. It has also grown its UK and European client base and is servicing clients in Australia and India.

The second growth phase of the business has involved the establishment of its execution capability and infrastructure to prepare for scale.

Andile has grown at an average of 30% per annum since inception, all via revenue generated by its activities. The business headcount has grown from 5 people to 60 people, expanding into a multi-geography, multi-service, multi-client model.