AFA Systems plc, the AIM listed global provider of advanced software solutions for the Banking and Asset Management industries, has announced the signing of an agreement with a Scottish investment management group to provide it with its knowledge management product, ‘Common Knowledge.’ The project, which began in late September, is expected to go live in early November.
The implementation of Common Knowledge will immediately integrate and replace nine existing contact management solutions that are currently in use by the customer, and will also integrate industry directories such as Red/Blue Book and support 70 users across multiple locations in Edinburgh, London and the US. Common Knowledge will support both the management process and provide subsequent support of their institutional and retail clients.
“When we expanded the AFA product portfolio from its core banking markets into investment management we stated that our aim was to sell these products internationally, away from their home South African markets where they were originally developed,” commented Mike Hart, Chairman and Chief Executive of AFA Systems plc. “We are pleased therefore that today’s agreement marks our seventh successful investment management products contract win outside South Africa and contributes to an approximate total of 1 million gained in revenue this year in this sector with Edinburgh and Glasgow based clients alone. We are hopeful that this success story will continue with further significant client wins.”