Expand Introduces New Subscription-Based Intelligence Services to the Global Banking and Financial Technology Communities

And sets up office in New York.

London – New York, 20 June 2005 – Expand, a specialist consulting firm to the global financial markets, today announced its new subscription-based intelligence services. The services – aimed at both banks and solution vendors – are designed to provide actionable insight into the changing business and technology landscape across the global financial markets.

The launch of this new service follows client demand. Michael Aldridge, Managing Partner at Expand, said: "We have been offering bespoke intelligence services to the global financial markets since 2001 and there is still a very clear need for this timely and customised offering. However, we are experiencing increasing demand for regular market intelligence services focused on the critical issues they face today. The ability to deliver insight on the key business trends and their impact on the changing technology landscape, make this approach a valuable tool for business. Bi-annual or annual updates will enable clients to track changes and respond accordingly."

New subscription-based intelligence services

For financial institutions the Expand team researches, interprets and brings added value to granular information captured directly from key market participants globally via its SmartOption service. As business drivers create new technology needs, banks leverage this service to understand these trends and their impact on the technology landscape. The new subscription intelligence service enables clients to track these changes over time. It helps them to validate their business and technology strategies. To date Expand is the only source to provide this form of intelligence.

For solution vendors, the consultancy represents a trusted interface to the major financial markets players. Expand’s SmartSource service enables vendors to understand their competitive landscape, validate new potential product offerings or markets and accelerate business development activities. It’s an opportunity to leverage the deep relationships Expand has with key decision-makers across the financial markets. The new subscription-based service provides this community with fresh and actionable intelligence that will help them focus better on business development activities and helps guarantee a more successful outcome.

As part of the firm’s commitment to the US market, Expand recently opened a US office in New York. This will make it possible for US financial institutions and vendors to have the same daily access to the Expand team as their UK and mainland European counterparts. The decision to open an office locally was in response to client demand.

"We have been working with US clients since 2001 and with the trend towards increased transatlantic synergy, our client base has grown significantly. Setting up a local office in the US was the logical next step and we are very confident that this commitment will deliver real benefit to clients locally," said Aldridge.

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