Financial software company SunGard is set to open an office in Nairobi – its fourth regional office in Africa.

The new office will provide its existing customers in Kenya, Tanzania and Uganda with professional services, training and project support, and function as a sales and account management base to expand and service new customers in the broader East African region.

Alberto Fasana, managing director Africa for SunGard, comments on the move: “Countries in East and Central Africa have undergone a considerable and positive transformation in recent years. The Sub-Saharan mobile money revolution alone has enabled Kenya to claim a leading position in the financial services arena, with banks offering a diverse range of new products such as loans, savings accounts, mortgages and insurance. We are supporting the local financial industry with the underlying technology and services which enable clients to bring new products to market quickly, automate their business processes, implement tighter risk management practices, and meet required regulatory demands.”

SunGard currently supports over 140 customers in Africa, which include banks, securities firms, hedge funds, pension funds, asset managers, energy and commodity trading firms, insurance companies, corporations and government entities in 15 African countries.