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
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
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
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.