New Vendor Management Platform Enables Financial Services Firms to Manage their Growing Fintech Vendor Portfolios
San Francisco, January 24, 2019– VendEx Solutions, a San Francisco-based SaaS company with offices in London, New York, and Charleston, SC, has spun off from International Solutions Network, Consulting Company (ISN) to redefine the tools for market data and vendor managers in the financial services sector.
VendEx Solutions was created by ISN in the wake of ISN’s 2017 launch of a new consulting vertical called VendorScape, a top down-bottom up approach to vendor rationalization. In the course of its engagement with large institutional clients, ISN identified the need to deploy technology to manage the large scale tasks managed by data and vendor management teams. To address this market opportunity, ISN assembled a team of senior executives with decades of experience from institutions including the largest fintech vendors and large global financial services to launch VendEx Solutions.
“We created VendEx Solutions as a means of rapidly bringing to market integrated product suites that enable financial services firms to effectively, efficiently, and productively manage their growing fintech vendor portfolios,” said Richard Clements, CEO of VendEx Solutions and Senior Managing Partner of ISN. “We’re excited to be working with industry partners to develop definitive tools to meet industry challenges around the management of complex fintech vendor contracts and life cycles, in an ecosystem where the emergence of so many new technologies, coupled with increased regulation, have together produced unprecedented opportunity.”
VendEx Solutions has also joined the Investment Association’s Velocity program as a Fintech Member. Velocity is designed to identify, develop and accelerate best in class firms with innovative solutions, facilitating the adoption of technology within asset management and capital markets.
About VendEx Solutions
VendEx Solutions is re-engineering market data and vendor management, helping financial services firms face today’s challenging environment. Working closely with our global client base, the VendEx Solutions team is constantly designing and deploying leading edge platforms to meet the demands put on market data managers. Based in San Francisco, VendEx Solutions serves global financial services companies from offices in London, New York, and Charleston, SC.