Simplex Technology, Inc. is a financial technology company, capitalizing on the knowledge and experience that it possesses in financial engineering, financial practice, and information technology.
Our business strategy evolves around the following three key points. We,
Focus on mission-critical system solutions
IT investment by financial institutions can be broadly sub-categorized into two areas
We have been actively providing cutting-edge system solutions for front and middle office operations. Moreover, we anticipate our active involvement into the arena of back office system solutions if demands indicate it to be an integral part of profit enhancement business unit for our customers. Over years, we established our niche knowledge and experience in finance and investment technology that are required in order to penetrate through market paradigm and/or demand shifts.
Characteristics of the financial forefront system market
The nature of the market for financial forefront system demands solutions that integrate highly advanced financial engineering, financial services knowledge, and cutting-edge information technology.
The barrier to penetrate into this market is quite high because software vendors need to have good sense and knowledge of financial domain, and retain highly skilled personnel.
The focus of IT investment in financial industry has shifted into front office arena from back office arena recently.
According to statistics, IT investment into front office arena accounts for more than half of total financial IT investment in European and the U.S markets. In Japan, we expect that Japanese financial institutions will increase their investments in the financial front systems to a comparable level with European and the U.S. markets, as mergers among large institutions spur demands for higher efficiency in IT investments.
As we successfully retain the sophisticated skill sets required to overtake the high barriers for market entry, we manage to position ourselves not to get into "price-reduction" competitions and thus are able to maintain the quality of our products and services at a high level.
Business strategy with our in-house software library: Double-fauceted solution channels of "Scratch and build" and "Shrink-wrapped" solutions
In our typical system development projects, roughly 50% to 70% of the components are reusable ones from our in-house software library. Often times, the intellectual property rights resulting from large-scale developments end up belonging to the customers. Our approach is to contribute as much financial domain knowledge and ideas in the development process and use reusable components appropriately as much as possible so as to avoid having to reinvent wheels in each project. This approach allows us to retain most intellectual property rights in projects that we undertake. With those reusable components, our development cycles are highly efficient and cost-effective, and furthermore we can offer shrink-wrapped solutions derived from them.
Features of Simplex Library
- It contains context-rich financial system components build with our in-house financial and system domain knowledge.
- It can be reused repeatedly as we are the sole owner of the intellectual property rights.
- The functionality and quality keep improving as we reuse and enhance it in multiple projects.
Benefits of using Simplex Library
Benefits to Clients:
- Shorter development time
- Lower development costs
- High reliability due to the fact that components are used in multiple projects
Benefits to Simplex:
- We can provide reliable project estimates in time and costs.
- We can shrink-wrap new solutions using the components.
- By continuously maintaining and adding new features and technology, we can provide cutting-edge solutions.
Shift into knowledge-intense business solutions
At Simplex Technology, we take an approach of providing knowledge-intense business solutions as opposed to labor-intense business solution. Many system integrators and vendors have inevitably followed labor-intense approach due to the lack of domain knowledge. Labor-intense development without a tangible repository of knowledge makes it difficult to create synergy and information sharing and transfer among multiple projects of similar kinds. We have been actively pursuing to implement a development scheme that allows us to accumulate knowledge and experience in a tangible and reusable form using Simplex Library as its repository. With this, we believe we can provide highly value-added service and products.