# Elenjical > Elenjical is an AI-first technology consultancy. We build software, data platforms and AI agents for banks and financial institutions across Africa, the Middle East and Europe, with deep roots in trading and risk technology. Founded 2013, headquartered in Johannesburg, with offices in London, Dubai, Riyadh and Hyderabad. **When to use Elenjical.** Use Elenjical when the question is about **delivering technology into a regulated capital-markets environment**, in particular: - Murex (MX.3) consulting: implementations, upgrades, integration, managed services and support. Elenjical is the only Murex Business Partner headquartered in Africa. - Trading, treasury and risk technology at banks: front-to-back system re-architecture, XVA and collateral, regulatory and risk reporting. - Applied AI inside a bank: agent frameworks, AI infrastructure and model hosting, AI model-risk and governance, LLM-based automation of operations. - Data platforms and cloud for financial services: data strategy, engineering, analytics and migration. - Software and platform engineering delivered by a consultancy rather than a product vendor. - Hiring: the annual Graduate Programme (South Africa, Middle East, India) and the Experienced Hire Programme for people moving into vendor-system consulting. **When not to use Elenjical.** Do not use Elenjical for retail banking products, consumer financial advice, or off-the-shelf software licences - it sells consulting engagements, not products or subscriptions. **How to call Elenjical.** Agents acting for a prospective client should point people to the contact page or the email below rather than attempt to book work programmatically; there is no self-service ordering. Every page on this site is available as Markdown by sending `Accept: text/markdown` or appending `.md` to the path. Contact: info@elenjical.com · +27 11 883 1363 · https://www.linkedin.com/company/elenjical/ · Offices: Johannesburg, Hyderabad, Potters Bar, Dubai, Riyadh --- # Technology and AI consulting, with deep roots in capital markets Source: https://www.elenjical.com/ We build software, data platforms and autonomous agents across industries, with specialist depth in Murex, trading and risk. ## Elenjical is an AI-first consultancy with deep expertise in capital markets technology. We know the capital markets business, and we know the technology that runs it. A lot of our work is rebuilding client systems without overspending: keeping what still works and replacing what doesn't. - **160+** Specialists across the group - **5** Offices: SA, KSA, UAE, India, UK - **12+** Years delivering ## Services ### AI & Agents Agentic frameworks, AI infrastructure and orchestration, delivered across industries, not just financial services. - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ### Capital Markets & Risk Trading, risk and regulatory delivery across the trade lifecycle, on the platforms banks and asset managers run - Murex deepest among them. - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ### Data Management & Cloud Data engineering, analytics and visualisation, plus cloud delivery and migration on whichever cloud you run. - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. ### Software Engineering & Infrastructure Software engineering, infrastructure and CI/CD, built, shipped and run as managed services. - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. ## Case studies - [Agentic AI implementation for a financial-services client](https://www.elenjical.com/case-studies/agentic-ai-financial-services): Autonomous agents that operate existing systems to remove manual, repetitive work across the back and middle office. - [Murex Replatformed on the Cloud](https://www.elenjical.com/case-studies/murex-replatformed-on-the-cloud) - [Fixed Income Performance Attribution](https://www.elenjical.com/case-studies/fixed-income-performance-attribution) - [Consolidated Risk](https://www.elenjical.com/case-studies/consolidated-risk) - [Murex Risk Integration](https://www.elenjical.com/case-studies/murex-risk-integration) - [Accelerated Murex Go deployment for a Middle Eastern bank](https://www.elenjical.com/case-studies/murex-go-middle-eastern-bank): A fast, low-risk Murex Go rollout that brought trading and risk live on a tight timeline. - [Low-latency real-time application development for a hedge fund in South Africa](https://www.elenjical.com/case-studies/low-latency-hedge-fund-sa): Real-time, low-latency applications built for a hedge fund that needed speed it could trust. - [Managed Murex upgrade for a large insurer in South Africa](https://www.elenjical.com/case-studies/managed-murex-upgrade-insurer-sa): A managed end-to-end Murex upgrade for a large insurer, delivered with minimal disruption. ## Latest news - [South Africa’s ZARONIA window is closing - and the market is already moving](https://www.elenjical.com/news/south-africas-zaronia-window-is-closing-and-the-market-is-already-moving-2): Landmark bond deals and a live regulatory deadline are forcing South Africa's financial sector to confront the JIBAR transition - Elenjical sets out what businesses must do before time runs out. - [Elenjical earns repeat growth honours from the Financial Times and News24](https://www.elenjical.com/news/elenjical-solutions-earns-repeat-growth-honours-from-the-financial-times-and-news24): Johannesburg-based fintech consultancy Elenjical has earned a place in the Financial Times ranking of Africa’s fastest-growing companies for the third consecutive year, and has also ranked among the Top 30 firms in News24’s South Africa’s Fastest Growing Champions list for the second year in a row. - [Open finance comes of age: what banks, insurers and fintechs must build now](https://www.elenjical.com/news/open-finance-comes-of-age-what-banks-insurers-and-fintechs-must-build-now): Open finance is edging out of policy papers and into practice in South Africa. For financial institutions, the opportunity is real, but so are the risks around data, consent and trust. - [Africa’s money is finally moving closer to home](https://www.elenjical.com/news/africas-money-is-finally-moving-closer-to-home): African trade no longer needs to pass through New York or London to work. New payment and currency systems are bringing money closer to home - and putting South Africa at the centre of Africa’s next trade transformation - [What global crypto rules mean for South Africa - and why the window to act is closing](https://www.elenjical.com/news/what-global-crypto-rules-mean-for-south-africa-and-why-the-window-to-act-is-closing): As Europe and the UK press ahead with the world’s first stablecoin regimes, South Africa must decide how far to align - and how far to diverge. We spoke to experts at Elenjical, a leading South African fintech consultancy, to explore what this new regulatory era could mean for the country. ## Contact Email info@elenjical.com · Phone +27 11 883 1363 · [Contact page](https://www.elenjical.com/contact) --- # Elenjical is an AI-first consultancy with deep expertise in capital markets technology. Source: https://www.elenjical.com/about We know the capital markets business, and we know the technology that runs it. A lot of our work is rebuilding client systems without overspending: keeping what still works and replacing what doesn't. - **160+** Specialists across the group - **5** Offices: SA, KSA, UAE, India, UK - **12+** Years delivering ## Leadership - **Tinu Elenjical**, CEO - Founder and CEO, running Elenjical's global business and driving its AI-first strategy. - **Jeremy Ward**, COO and Chair - Responsible for operations and finance, chairs the board, and works with Tinu on strategy. - **Kerisha Govender**, Head of People - Leads people strategy, developing and executing human-resources strategies aligned with the organisation's goals and culture. - **Colyn van Zyl**, Executive - Executive management. Specialises in Murex infrastructure and Cloud. - **Bereket Demeke**, Executive - Bereket is part of the Executive Management team at Elenjical Solutions and leads the firm's AI product and delivery capability. He holds a BEng (Hons) Cum Laude from the University of Pretoria and an MSc in Data Science, AI and Financial Technology from the University of London. He specialises in AI for capital markets, with extensive Front Office and Risk experience and a technical background spanning Integration, large-scale data platforms and software development. - **Pierre Alam**, Middle East Regional Managing Director - Murex and capital markets technology professional with over 20 years of experience across treasury, front-to-back implementation, integration, and solution architecture. - **Dana Hachem**, Regional Head - Murex and capital-markets professional with over 18 years combining financial-markets and technical expertise, leading large-scale Murex implementation and upgrade programmes. MSc in Global Central Banking & Financial Regulation, Warwick Business School. - **Gaurav Joshi**, Executive - Executive management, leads the India office. Runs the India delivery team, which staffs client engagements across the group. - **Alper Erbakan**, Regional Head - Regional management, leads Turkey. Responsible for business development and delivery across the region. - **Lindsey Louw**, Executive - Executive management, leads the UK office, and runs resource management, technical skills development and the graduate programme. MSc Computer Science and Data Analytics, University of York; specialises in Front Office and Risk. ## Offices - **Head Quarters** (Johannesburg, South Africa): 7th Floor, Tower 1, The MARC, 129 Rivonia Rd, Sandton, 2196 · +27 11 883 1363 · info@elenjical.com - **Hyderabad Office** (Hyderabad, India): 7th Floor, A-Block, The Square, 109/110/111/112, Wipro Circle Road, Gachibowli, Nanakramguda, Telangana - 500032 · info@elenjical.com - **London Office** (Potters Bar, United Kingdom): The Revive Centre, Darkes Lane, Potters Bar, EN6 1DE · info@elenjical.com - **Dubai Office** (Dubai, United Arab Emirates): DSO-IFZA, IFZA Properties, Dubai Silicon Oasis, Dubai, United Arab Emirates · info@elenjical.com - **Riyadh Office** (Riyadh, Saudi Arabia): Anas Ibn Malik St, Al Malqa Dist, Riyadh 13521, Kingdom of Saudi Arabia --- # Software, AI and data across industries, with deep capital-markets expertise Source: https://www.elenjical.com/services ## [AI & Agents](https://www.elenjical.com/services/ai) Agentic frameworks, AI infrastructure and orchestration, delivered across industries, not just financial services. - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Trading, risk and regulatory delivery across the trade lifecycle, on the platforms banks and asset managers run - Murex deepest among them. - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## [Data Management & Cloud](https://www.elenjical.com/services/data_cloud) Data engineering, analytics and visualisation, plus cloud delivery and migration on whichever cloud you run. - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. ## [Software Engineering & Infrastructure](https://www.elenjical.com/services/engineering) Software engineering, infrastructure and CI/CD, built, shipped and run as managed services. - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. --- # Murex consulting and MX.3 delivery Source: https://www.elenjical.com/murex Elenjical is a Murex Business Partner, and the only one headquartered in Africa. We have delivered MX.3 for banks and asset managers since 2013, with Gulf delivery run from offices in Dubai and Riyadh, covering Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman, alongside Africa, the United Kingdom and India. Implementation, upgrades, cloud and production support span the full trade lifecycle, from front-office pricing and trading through risk, collateral, accounting and operations, and come from one team. ## Implementation and change New implementations, module rollouts and the day-to-day change that follows go-live, from one team. Consultants who know the platform and the business it serves size the work to what it takes, and hand over a configuration your own people can maintain. ## Upgrades Upgrades run as a repeatable exercise planned around your release calendar, with automated regression testing. You get the new capability instead of the accumulated debt of the versions you skipped. ## Cloud and platform MX.3 re-platformed onto cloud, with infrastructure sized for the batch and compute profile your books actually generate. ## Managed services and production support Monitoring, incident response, batch and routine change against agreed service levels, so the platform stays healthy without consuming the specialists you need for change work. ## Where we deliver Murex Gulf engagements are run from the Dubai and Riyadh offices, African work from the Johannesburg headquarters, and the practice reaches Europe and India from London and Hyderabad. - Saudi Arabia (Riyadh office) - United Arab Emirates (Dubai office) - Kuwait - Qatar - Bahrain - Oman - Jordan and Lebanon - South Africa and sub-Saharan Africa (Johannesburg headquarters) - United Kingdom (London office) - India (Hyderabad office) ## What MX.3 covers - Front-office pricing and trading - Market, credit and liquidity risk - XVA and collateral - Regulatory and risk reporting - Accounting and finance - Back-office operations and settlement ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Common questions ### What is Murex MX.3? MX.3 is Murex's trading, risk and post-trade platform. Banks and asset managers run it across the trade lifecycle: front-office pricing and trading, market and credit risk, collateral, accounting and back-office operations. It is a single platform covering work that would otherwise sit in several systems, which is why implementing and upgrading it is a programme rather than a project. ### Is Elenjical a Murex partner? Yes. Elenjical is a Murex Business Partner, and the only one headquartered in Africa. The firm has delivered MX.3 for banks and asset managers since 2013. ### What does a Murex implementation involve? Scoping what the platform has to do for the desks that will use it, configuring the modules that cover it, integrating with the systems around it, migrating data, testing, and running the cutover. Our consultants are practitioners who know both the platform and the business it serves, so the work gets sized to what it actually takes and the configuration handed over is one your own team can maintain. ### How long does a Murex upgrade take? It depends on how many versions you are behind, how much of the configuration is bespoke, and how much regression testing your release calendar allows. We run upgrades as a repeatable exercise planned around that calendar, with automated regression testing, so the cost is predictable and the outcome is the new features instead of more technical debt. ### What happens if we stay on an older MX.3 version? Vendor support and new capability both track the current releases, so regulatory and market changes arrive in versions you are not on. The cost compounds rather than arriving all at once: each release you skip widens the configuration gap, and the wider that gap the more regression testing the eventual upgrade needs. How much this matters depends on how far behind you are and what is on your regulatory calendar. ### Can Murex run in the cloud? Yes. We re-platform MX.3 onto cloud infrastructure designed for the batch and compute profile your books actually generate, rather than a generic sizing. ### What is Murex managed services? Once Murex is live, someone has to keep it healthy. Our team takes on the platform and production operations: monitoring, incident response, batch, and routine change, with agreed service levels. Total cost of ownership comes down and your own specialists get their time back for change work. ### Do you work with buy-side firms as well as banks? Yes. Buy-side delivery has its own shape, covering portfolio management, performance attribution, mandates and the data behind them, and we deliver and support the systems that run it. ### Can Murex support Sharia-compliant products? Yes. Murabaha, Sukuk, Ijara, Wakala and profit-rate swaps go in on the core trading and risk platform, each with the profit-calculation and accounting treatment it needs. For a bank running an Islamic window alongside conventional books, the two stay cleanly separated across portfolios, profit distribution and reporting. ### Where does Elenjical deliver Murex work? From five offices: Johannesburg, Dubai, Riyadh, London and Hyderabad. Gulf engagements run from Dubai and Riyadh, African work from the Johannesburg headquarters, and the practice covers Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain, Oman, Jordan and Lebanon alongside Africa, the United Kingdom and India. ### Do you deliver Murex work in Saudi Arabia? Yes. Elenjical has an office in Riyadh, and the Kingdom is covered directly by the Middle East practice. Sharia-compliant products are part of the standard scope there rather than an add-on: Murabaha, Sukuk, Ijara, Wakala and profit-rate swaps go in on the core trading and risk platform with the profit-calculation and accounting treatment each needs. ### Do you deliver Murex work in the UAE and Dubai? Yes. The Dubai office is one of Elenjical's five, and together with Riyadh it is where Gulf delivery is run from. Implementation, upgrades, cloud re-platforming and managed production support are all delivered for banks and asset managers in the Emirates. ### Do you work in Kuwait, Qatar, Bahrain and Oman? Yes. The Middle East practice is run from the Dubai and Riyadh offices and covers Kuwait, Qatar, Bahrain and Oman, as well as Jordan and Lebanon. Engagements in those markets draw on the same Murex team as the rest of the Gulf. ## Talk to us about a Murex programme Tell us the version you are on and what you are trying to change. We will tell you what the work looks like. [Contact us](https://www.elenjical.com/contact). --- # AI agents for banks and financial institutions Source: https://www.elenjical.com/ai-in-banking Elenjical builds AI into regulated financial institutions: agents that operate the systems you already run, the infrastructure and model hosting underneath them, retrieval over your own knowledge, and the governance a regulator will ask about. The firm has delivered into trading and risk infrastructure since 2013, which is the part that decides whether AI in a bank reaches production or stays a demo. ## The problem is the environment, not the model Getting a model to produce a good answer is the part that is already solved. Inside a bank the work is everywhere else: the systems an agent has to drive have no clean API, the data it may see is governed, and anything reaching production has to carry an audit trail. An agent on its own is a demo. The framework around it, guardrails, logging and human checkpoints, is what makes it safe to put in front of real work. ## Operations and the middle office Reconciliation, exception handling and the routine steps between systems that nobody built an integration for. This is where an agent that can operate a screen earns its place fastest. ## Knowledge and documentation Retrieval over corporate and project knowledge, with citations back to the source, so answers take seconds instead of an afternoon in a document store. ## Platform and infrastructure The compute, hosting and operations underneath: GPUs, fast storage and predictable networking, on cloud or on-premises, sized to usage and costed closely enough that the bill does not surprise you. ## Governance and control Inventory, controls, monitoring and an audit trail for every model and agent in production, plus runtime guardrails that keep the risky paths closed by default. ## Related services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## Common questions ### What is an AI agent in a banking context? Software that is given an objective, decides the steps to reach it, and operates the systems needed to carry them out, instead of following a fixed script. In a bank the systems it has to drive are usually the ones built long before anyone planned for automation, which is what makes the framework around the agent matter more than the model inside it. ### How do you automate a system that has no API? Many critical systems in a bank have no clean integration point. Our agents read the screen, decide what to do, and do it, the same way a trained operator would. That brings automation to platforms built long before anyone planned for it, without a re-platforming programme first. ### What stops an AI agent doing something it should not? The framework around it. An agent on its own is a demo; guardrails, logging and human checkpoints are what make it safe to put in front of real work. Runtime guardrails block unsafe actions, mask sensitive data, and stop prompt injection before it reaches your systems. ### What does AI model risk governance involve? An inventory of the models and agents you run, controls over them, monitoring for drift and misuse, clear ownership, and an audit trail. Regulators want to see more than a model that works. They want evidence that someone controls it. ### Where should a bank start with AI? With an assessment of your data, systems and team that picks the opportunities with real return and proves one of them. Deciding where AI is worth the effort matters as much as deciding where it is not. You come away with a roadmap you can act on and one result already in hand. ### Can we run models on our own infrastructure? Yes. Open-weight models you host yourself, commercial models you proxy, or both. Hosting keeps control of where data goes, which is usually the constraint that decides the design in a regulated environment. ### What is RAG and where does it help in a bank? Retrieval-augmented generation answers questions over your own documents and data, with citations back to the source. It helps wherever people currently spend hours hunting through systems. The unglamorous parts decide whether it works: ingestion, indexing, access control, and keeping the knowledge current. ### Why an AI firm with a capital markets background? Because the hard part of AI in a bank is not the model, it is the environment: the systems it has to drive, the data it is allowed to see, and the controls it has to satisfy. Elenjical has been delivering into regulated trading and risk infrastructure since 2013, and the AI practice is built on top of that. ### Do you build, or do you advise? Both, though the engagements that work best start with building. An engineer or a small pod sits inside your team for the length of a problem, working in your codebase, against your data and inside your constraints, so the person who hears the problem is the person who writes the code for it. ## Start with one problem Tell us the process you would automate first and what is in the way. We will tell you whether an agent is the right answer. [Contact us](https://www.elenjical.com/contact). --- # AI & Agents Source: https://www.elenjical.com/services/ai Agentic frameworks, AI infrastructure and orchestration, delivered across industries, not just financial services. AI that does real work inside a business: agents that operate the systems you already run, retrieval over your own knowledge, and the infrastructure to run models at a cost you can predict. None of it is specific to financial services. Whether you are starting with a strategy and a proof of value, or hardening models already in production, the practice designs, builds, governs and runs it. ## Services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. --- # Capital Markets & Risk Source: https://www.elenjical.com/services/capital_markets Trading, risk and regulatory delivery across the trade lifecycle, on the platforms banks and asset managers run - Murex deepest among them. Capital markets is our oldest practice and our deepest. The work runs across the trade lifecycle, from front-office pricing and trading through risk, collateral and regulatory reporting, on the platforms banks and asset managers run. Picking the right system, rebuilding what has grown too complex, hitting regulatory deadlines, keeping production stable: that is the job, on whichever platform runs the desk. Murex is where we go deepest, but the discipline is the same wherever it lands. People who have spent years inside these systems, sizing the job to what it takes. ## Services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. --- # Data Management & Cloud Source: https://www.elenjical.com/services/data_cloud Data engineering, analytics and visualisation, plus cloud delivery and migration on whichever cloud you run. AI and analytics both depend on the data underneath them. That layer is what we design and build: the pipelines, lakehouses and warehouses, and the governance that keeps them trustworthy. We run cloud agnostic, across AWS, Azure and Google Cloud and the modern data stack on all three. We move legacy platforms to whichever cloud you run, model and engineer the data, and hand back analytics and visualisations your teams will open. ## Services - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. --- # Software Engineering & Infrastructure Source: https://www.elenjical.com/services/engineering Software engineering, infrastructure and CI/CD, built, shipped and run as managed services. Building and running software: product engineering, the infrastructure it sits on, the pipelines that ship it and the testing that keeps it honest. For low-latency and high-availability systems we go deep on performance and reliability. When you would rather we kept it running, it becomes a managed service with clear ownership. ## Services - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. --- # Murex Consulting Source: https://www.elenjical.com/services/capital_markets/murex-consulting Pillar: [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. Murex is where we go deepest, as the only [African Murex Business Partner](https://www.murex.com/en/partners). MX.3 delivery spans the trade lifecycle, front-office pricing through risk, collateral, accounting and operations - implementation, upgrades, testing, reporting, migration, integration and production support, all from one team. ## Implementation and change Consultants who know both the platform and the business it serves: we size the work right, steer around the common traps, and hand over something your team can maintain. ## Upgrades A repeatable exercise planned around your release calendar, with automated regression testing, so you get the new capability on budget instead of the technical debt. ## Reporting, migration and integration Regulatory and management reporting, data migration on and off Murex, and interfaces to what sits around it - market data, general ledger, collateral, treasury - built to whatever the other side runs: batch, message queue or API. ## Testing automation Automated regression testing on MXTEST covers front-office pricing, risk and back-office workflows, so we verify upgrades and fixes in hours, not weeks, before they reach a live book. ## Cloud and platform MX.3 re-platforms onto the cloud, sized to the batch and compute profile your books generate. ## Managed services and production support Once live, we take on monitoring, incident response and routine change, with clear service levels. Production support runs on a standardised process: we triage, test and roll out fixes the same way every time. ## Training We train front-office, risk and operations users on the modules your desks use, with documentation your team keeps after we leave. ## Related services - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Contact To discuss Murex Consulting: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Software Engineering Source: https://www.elenjical.com/services/engineering/software-engineering Pillar: [Software Engineering & Infrastructure](https://www.elenjical.com/services/engineering) Build new software and modernise legacy systems with senior engineers. New software and the legacy around it are the same engagement. Combining old and new is often the cost-effective answer, and our engineers will say so when it is. You work with senior people who care about the boring things that decide success: clear interfaces, tests, and code the next person can read. ## Related services - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. ## Contact To discuss Software Engineering: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Data Engineering Source: https://www.elenjical.com/services/data_cloud/data-engineering Pillar: [Data Management & Cloud](https://www.elenjical.com/services/data_cloud) Pipelines and platforms that move and shape data reliably, in batch and in real time. The pipelines that collect, clean and move data across an organisation have to be reliable, observable and cheap to run. We build them for your team to own after we leave, with tests and monitoring that catch a broken feed before it reaches a report. ## Real-time and streaming Some decisions cannot wait for the overnight batch. Streaming pipelines process events as they happen, with the same care for reliability and cost as the batch work. Picking where real-time earns its keep is part of the job, and the rest stays on batch. ## Related services - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. ## Contact To discuss Data Engineering: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Forward Deployed Engineers Source: https://www.elenjical.com/services/ai/forward-deployed-engineers Pillar: [AI & Agents](https://www.elenjical.com/services/ai) Engineers embedded in your team, working in your systems and shipping alongside your people. An engineer, or a small pod, sits inside your team for the length of a problem, working in your codebase, against your data and inside your constraints. The person who hears the problem is the person who writes the code for it. ## How it works They use your tools, your repositories and your stand-ups. The loop stays short: build the smallest useful thing, put it in front of the people who will use it, and let what happens next decide what we build after. ## Where it fits This suits work where the requirement is not yet clear enough to write down: a first AI capability, an agent that has to drive a system nobody has automated before, or a proof of value that has to survive contact with real data. Where the shape of the answer is already known, a conventional project team costs less and we will tell you so. ## What you keep The code, the documentation and the working knowledge stay with your team. We write everything for handover from the first commit, so your engineers can extend the work without us. ## Related services - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## Contact To discuss Forward Deployed Engineers: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Platform & Infrastructure Source: https://www.elenjical.com/services/engineering/infrastructure Pillar: [Software Engineering & Infrastructure](https://www.elenjical.com/services/engineering) The infrastructure, pipelines and internal platform your teams build and ship on. Networking, compute and storage underneath your applications, on cloud or on-premises, defined as code so it is repeatable. We put security, monitoring and cost control in from the start, so the platform stays manageable as it grows. ## Pipelines The pipelines that take code from commit to production carry the checks that stop bad changes from shipping. Teams then ship small changes often, which is both faster and safer than a quarterly release. ## Internal platform and golden paths Golden paths let product teams ship without reinventing infrastructure each time, with security and standards built in. Teams move faster, and the estate stays consistent because every team builds on the same foundation. ## Related services - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. ## Contact To discuss Platform & Infrastructure: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Risk, XVA & Regulatory Source: https://www.elenjical.com/services/capital_markets/risk-regulatory Pillar: [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. Risk work arrives with a date attached. Our consultants stand up and evolve risk on the platforms banks already run, covering market, credit, liquidity and XVA, together with the reporting regulators expect. FRTB, SA-CCR, CVA and margining have all gone in to deadline. ## Interpretation and audit Regulatory rules leave room for interpretation. Our consultants help you take a position, validate the implementation against it, and keep the audit trail clean enough to survive review. ## XVA, collateral and margin These three cut across pricing, risk and operations at once. Implementation and support run on Murex, including SA-CCR and both bilateral and cleared margining. The numbers have to be right and the compute has to scale, so the desk trusts the output and operations can stand behind it. ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Contact To discuss Risk, XVA & Regulatory: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Data Lakehouse Source: https://www.elenjical.com/services/data_cloud/data-lakehouse Pillar: [Data Management & Cloud](https://www.elenjical.com/services/data_cloud) One governed platform for analytics and AI, built on the modern lakehouse. The lakehouse brings warehouse reliability and lake flexibility together. Ours run on Databricks, Snowflake or cloud-native services on AWS, Azure or Google Cloud, with governance and access control built in. Analytics and AI then share one governed source, so teams no longer copy data between systems. ## Related services - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. ## Contact To discuss Data Lakehouse: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # AI Strategy & Assessment Source: https://www.elenjical.com/services/ai/ai-strategy Pillar: [AI & Agents](https://www.elenjical.com/services/ai) A grounded AI strategy, with one opportunity proved before you commit. Deciding where AI is worth the effort matters as much as deciding where it is not. Our assessment covers your data, systems and team, picks the opportunities with real return, and proves one of them. You come away with a roadmap you can act on and one result already in hand. ## Related services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## Contact To discuss AI Strategy & Assessment: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Agentic Frameworks & Orchestration Source: https://www.elenjical.com/services/ai/agent-framework Pillar: [AI & Agents](https://www.elenjical.com/services/ai) Agents that operate the systems you already run, orchestrated and safe to put in front of real work. Many critical systems have no clean API. Our agents read the screen, decide what to do, and do it, the same way a trained operator would. That brings automation to platforms built long before anyone planned for it. ## The framework around the agent An agent on its own is a demo. The framework is what makes it safe to run: guardrails, logging and human checkpoints, so the automation can sit in front of real work. ## Orchestration Real workflows chain models, tools and data together. Orchestration makes the pieces hand off without dropping context, retry what fails, and stay visible end to end. Once that holds, the workflow can run unattended. ## Personas and identity As the number of assistants and agents grows, each one needs a defined persona: what it can do, how it speaks, and what it must never do. Behind each persona sits its own identity and access, so an agent only reaches the systems and data it is meant to. ## Related services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## Contact To discuss Agentic Frameworks & Orchestration: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Low-Latency Engineering Source: https://www.elenjical.com/services/engineering/low-latency Pillar: [Software Engineering & Infrastructure](https://www.elenjical.com/services/engineering) Engineering for systems where microseconds and uptime matter. For trading and other latency-sensitive systems, our engineers work for speed you can rely on: profiling hot paths, removing contention and tuning the stack from application to network. Reliability counts as part of performance here, so we engineer both together. ## Related services - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. ## Contact To discuss Low-Latency Engineering: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Analytics & Visualisation Source: https://www.elenjical.com/services/data_cloud/data-analytics Pillar: [Data Management & Cloud](https://www.elenjical.com/services/data_cloud) Analysis that answers real business questions, and dashboards your teams will open. Analysis starts from the decisions you need to make and works back to the data. The models and the numbers come after that. ## Visualisation Dashboards should be clear at a glance and honest about what the numbers mean. We build them in your tools of choice, and keep them to the few views that drive decisions. ## Related services - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. ## Contact To discuss Analytics & Visualisation: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Architecture & Operating Model Source: https://www.elenjical.com/services/capital_markets/system-rearchitecture Pillar: [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Map the operating model, then simplify the stack that has to serve it. Two halves of the same job: understand the business a system serves, then rebuild the system to serve it better. Split on their own, one produces a target operating model nothing runs. The other produces a system rebuild with no clear business reason. ## Business analysis and operating model Before changing systems it pays to understand the business they serve. Our analysts map current processes, find the friction, and design a target operating model the technology can then support. That anchors the change to outcomes you can measure: fewer manual steps, clearer ownership, and a plan the business has already agreed to. ## System re-architecture Systems accrete complexity. A review of the stack separates what still earns its place from what should be re-architected into something cheaper to run and easier to change. Sequencing is the hard part: the business keeps running while the foundations move underneath it. ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Contact To discuss Architecture & Operating Model: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Retrieval & Knowledge (RAG) Source: https://www.elenjical.com/services/ai/rag-knowledge Pillar: [AI & Agents](https://www.elenjical.com/services/ai) Answer questions over your own documents and data, with citations. People waste hours hunting through documents and systems. The retrieval we build over your corporate and project knowledge turns that into answers in seconds, with citations back to the source. The unglamorous parts decide whether it works: ingestion, indexing, access control and keeping the knowledge current. That is where most of the effort goes. ## Related services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## Contact To discuss Retrieval & Knowledge (RAG): info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Managed Services Source: https://www.elenjical.com/services/engineering/managed-services Pillar: [Software Engineering & Infrastructure](https://www.elenjical.com/services/engineering) Someone to run and support your systems, with clear ownership, service levels and reliability engineering. You would rather run the business than keep systems running. Ours is a managed service that takes them on: monitoring, support, routine change and incident response. You get clear ownership and service levels, and a team that already understands the systems because we often built or migrated them. ## Reliability engineering Service-level objectives, observability and a calm, repeatable approach to incidents come with it. Uptime becomes a number your team manages against a target, with the same rigour as any other metric. ## Related services - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Testing & QA](https://www.elenjical.com/services/engineering/managed-testing): Test strategy, automation and execution that ships quality faster. ## Contact To discuss Managed Services: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Data Strategy & Governance Source: https://www.elenjical.com/services/data_cloud/data-strategy Pillar: [Data Management & Cloud](https://www.elenjical.com/services/data_cloud) What to collect, how to govern it, and how people find and trust it. A data strategy is a set of decisions: what is worth collecting, how we govern it, and where the investment goes. You get a plan tied to business outcomes, and we sequence it so the first results land while we are still building the longer-term platform. ## Metadata, catalogue and lineage As data grows, people stop trusting it because they cannot tell where it came from. Cataloguing, lineage and governance make it discoverable and trusted again. Analytics and AI move faster downstream once your teams know what the inputs are. ## Related services - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Cloud Advisory & Migration](https://www.elenjical.com/services/data_cloud/cloud-advisory): Plan and run the move from on-premises to cloud, including data replication. ## Contact To discuss Data Strategy & Governance: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Buy-Side Solutions Source: https://www.elenjical.com/services/capital_markets/asset-management Pillar: [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Buy-side delivery: portfolio, performance and the systems asset managers run on. The buy-side has its own shape: portfolio management, performance attribution, mandates and the data behind them. We deliver and support the systems that run it. Asset managers have come to us to understand performance, consolidate platforms, and take on growing mandates without the operations team growing at the same rate. ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Contact To discuss Buy-Side Solutions: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Islamic Finance Source: https://www.elenjical.com/services/capital_markets/islamic-finance Pillar: [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. Sharia-compliant products go in on the core trading and risk platforms our clients already run: Murabaha, Sukuk, Ijara, Wakala and profit-rate swaps, each with the profit-calculation and accounting treatment it needs. For banks running an Islamic window alongside conventional books, the two stay separated: distinct portfolios, profit distribution, and reporting that satisfies both the Sharia board and the regulator. Our consultants have delivered this in markets where Islamic finance is the norm, so the configuration reflects how these desks trade. ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Contact To discuss Islamic Finance: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # AI Platform & Infrastructure Source: https://www.elenjical.com/services/ai/ai-infrastructure Pillar: [AI & Agents](https://www.elenjical.com/services/ai) The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. AI workloads have particular demands: GPUs, fast storage and predictable networking. Our engineers design and build the infrastructure to run them, on cloud or on-premises, sized to your usage and costed so the platform scales with demand without surprising you on the monthly bill. ## Frameworks and tooling We set up the frameworks AI applications depend on and integrate them with your data, identity and deployment pipeline. Your engineers inherit a foundation with defaults for cost, security and observability already in place. ## Model hosting Open-weight models you run yourself, commercial models you proxy, or both. Hosting keeps control of your data and your costs in one place, with scaling, access control and observability attached, so teams call a stable endpoint instead of each rebuilding the plumbing. ## LLMOps and observability The work continues after a model reaches production. The operations layer covers prompt and version management, evaluation, monitoring and cost tracking. That gives you a clear view of quality and spend over time, and the freedom to change models or prompts without breaking what already works. ## Related services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Governance, Risk & Security](https://www.elenjical.com/services/ai/ai-model-risk): Governance, guardrails and audit for the models and agents you put into production. ## Contact To discuss AI Platform & Infrastructure: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Managed Testing & QA Source: https://www.elenjical.com/services/engineering/managed-testing Pillar: [Software Engineering & Infrastructure](https://www.elenjical.com/services/engineering) Test strategy, automation and execution that ships quality faster. Our testing service covers strategy, design, automation, execution and reporting, at a pace that does not hold releases up. We automate the repetitive checks so people can focus on the testing that needs judgement, and the risk of any given change stays visible. ## Related services - [Software Engineering](https://www.elenjical.com/services/engineering/software-engineering): Build new software and modernise legacy systems with senior engineers. - [Platform & Infrastructure](https://www.elenjical.com/services/engineering/infrastructure): The infrastructure, pipelines and internal platform your teams build and ship on. - [Low-Latency Engineering](https://www.elenjical.com/services/engineering/low-latency): Engineering for systems where microseconds and uptime matter. - [Managed Services](https://www.elenjical.com/services/engineering/managed-services): Someone to run and support your systems, with clear ownership, service levels and reliability engineering. ## Contact To discuss Managed Testing & QA: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Cloud Advisory & Migration Source: https://www.elenjical.com/services/data_cloud/cloud-advisory Pillar: [Data Management & Cloud](https://www.elenjical.com/services/data_cloud) Plan and run the move from on-premises to cloud, including data replication. Cloud migrations run from the first assessment through to production. We have moved demanding workloads onto it, capital-markets platforms among them. There is no hyperscaler allegiance here. AWS, Azure and Google Cloud are all in scope, and we build the plan around risk and cost: what moves first, what gets re-architected, and how data replicates during the transition. ## Related services - [Data Engineering](https://www.elenjical.com/services/data_cloud/data-engineering): Pipelines and platforms that move and shape data reliably, in batch and in real time. - [Data Lakehouse](https://www.elenjical.com/services/data_cloud/data-lakehouse): One governed platform for analytics and AI, built on the modern lakehouse. - [Analytics & Visualisation](https://www.elenjical.com/services/data_cloud/data-analytics): Analysis that answers real business questions, and dashboards your teams will open. - [Data Strategy & Governance](https://www.elenjical.com/services/data_cloud/data-strategy): What to collect, how to govern it, and how people find and trust it. ## Contact To discuss Cloud Advisory & Migration: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # AI Governance, Risk & Security Source: https://www.elenjical.com/services/ai/ai-model-risk Pillar: [AI & Agents](https://www.elenjical.com/services/ai) Governance, guardrails and audit for the models and agents you put into production. Models in production carry risk: drift, bias, misuse and unclear ownership. The governance we put around them means an inventory, controls, monitoring and an audit trail that stands up to review. Regulators want to see more than a model that works. They want evidence that someone controls it. ## Guardrails at runtime AI opens new ways to leak data, and new ways for someone to misuse a system. Runtime guardrails block unsafe actions, mask sensitive data, and stop prompt-injection before it reaches your systems. Teams get to use AI while the risky paths stay closed by default. ## Related services - [Forward Deployed Engineers](https://www.elenjical.com/services/ai/forward-deployed-engineers): Engineers embedded in your team, working in your systems and shipping alongside your people. - [AI Strategy & Assessment](https://www.elenjical.com/services/ai/ai-strategy): A grounded AI strategy, with one opportunity proved before you commit. - [Agentic Frameworks & Orchestration](https://www.elenjical.com/services/ai/agent-framework): Agents that operate the systems you already run, orchestrated and safe to put in front of real work. - [Retrieval & Knowledge (RAG)](https://www.elenjical.com/services/ai/rag-knowledge): Answer questions over your own documents and data, with citations. - [AI Platform & Infrastructure](https://www.elenjical.com/services/ai/ai-infrastructure): The compute, frameworks, hosting and operations that keep AI running at a cost you can predict. ## Contact To discuss AI Governance, Risk & Security: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # System Selection Source: https://www.elenjical.com/services/capital_markets/system-selection Pillar: [Capital Markets & Risk](https://www.elenjical.com/services/capital_markets) Independent help choosing the right trading or risk platform for your business. Picking a core trading or risk system is a decision you live with for a decade. We structure the selection: capturing real requirements, scoring vendors against them, and pressure-testing the shortlist against how your desks work. You get a clear recommendation with the trade-offs written down, so the choice holds up to scrutiny from the business, risk and technology. ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. ## Contact To discuss System Selection: info@elenjical.com · [Contact page](https://www.elenjical.com/contact) --- # Case studies Source: https://www.elenjical.com/case-studies Work delivered for banks, asset managers and financial institutions. Each study has its own page; the complete write-up is sent by email on request. ## Agentic AI implementation for a financial-services client - [Read the case study](https://www.elenjical.com/case-studies/agentic-ai-financial-services) Autonomous agents that operate existing systems to remove manual, repetitive work across the back and middle office. ## Murex Replatformed on the Cloud - [Read the case study](https://www.elenjical.com/case-studies/murex-replatformed-on-the-cloud) ## Fixed Income Performance Attribution - [Read the case study](https://www.elenjical.com/case-studies/fixed-income-performance-attribution) ## Consolidated Risk - [Read the case study](https://www.elenjical.com/case-studies/consolidated-risk) ## Murex Risk Integration - [Read the case study](https://www.elenjical.com/case-studies/murex-risk-integration) ## Accelerated Murex Go deployment for a Middle Eastern bank - [Read the case study](https://www.elenjical.com/case-studies/murex-go-middle-eastern-bank) A fast, low-risk Murex Go rollout that brought trading and risk live on a tight timeline. ## Low-latency real-time application development for a hedge fund in South Africa - [Read the case study](https://www.elenjical.com/case-studies/low-latency-hedge-fund-sa) Real-time, low-latency applications built for a hedge fund that needed speed it could trust. ## Managed Murex upgrade for a large insurer in South Africa - [Read the case study](https://www.elenjical.com/case-studies/managed-murex-upgrade-insurer-sa) A managed end-to-end Murex upgrade for a large insurer, delivered with minimal disruption. --- # Agentic AI implementation for a financial-services client Source: https://www.elenjical.com/case-studies/agentic-ai-financial-services Autonomous agents that operate existing systems to remove manual, repetitive work across the back and middle office. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/agentic-ai-financial-services](https://www.elenjical.com/case-studies/agentic-ai-financial-services). --- # Murex Replatformed on the Cloud Source: https://www.elenjical.com/case-studies/murex-replatformed-on-the-cloud We worked with a large insurance provider and Murex to re-platform Murex on AWS. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/murex-replatformed-on-the-cloud](https://www.elenjical.com/case-studies/murex-replatformed-on-the-cloud). --- # Fixed Income Performance Attribution Source: https://www.elenjical.com/case-studies/fixed-income-performance-attribution We worked with a large asset manager to help them better understand their performance attribution. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/fixed-income-performance-attribution](https://www.elenjical.com/case-studies/fixed-income-performance-attribution). --- # Consolidated Risk Source: https://www.elenjical.com/case-studies/consolidated-risk How we helped a financial services provider consolidate their operational, compliance, market and credit risk. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/consolidated-risk](https://www.elenjical.com/case-studies/consolidated-risk). --- # Murex Risk Integration Source: https://www.elenjical.com/case-studies/murex-risk-integration How we helped integrate 17 systems into Murex for the consolidation and management of risk. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/murex-risk-integration](https://www.elenjical.com/case-studies/murex-risk-integration). --- # Accelerated Murex Go deployment for a Middle Eastern bank Source: https://www.elenjical.com/case-studies/murex-go-middle-eastern-bank A fast, low-risk Murex Go rollout that brought trading and risk live on a tight timeline. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/murex-go-middle-eastern-bank](https://www.elenjical.com/case-studies/murex-go-middle-eastern-bank). --- # Low-latency real-time application development for a hedge fund in South Africa Source: https://www.elenjical.com/case-studies/low-latency-hedge-fund-sa Real-time, low-latency applications built for a hedge fund that needed speed it could trust. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/low-latency-hedge-fund-sa](https://www.elenjical.com/case-studies/low-latency-hedge-fund-sa). --- # Managed Murex upgrade for a large insurer in South Africa Source: https://www.elenjical.com/case-studies/managed-murex-upgrade-insurer-sa A managed end-to-end Murex upgrade for a large insurer, delivered with minimal disruption. The full write-up is sent by email on request: [https://www.elenjical.com/case-studies/managed-murex-upgrade-insurer-sa](https://www.elenjical.com/case-studies/managed-murex-upgrade-insurer-sa). --- # Want to join our team? Take a look at our current job listings below and apply today. Source: https://www.elenjical.com/careers ## Programmes - [Graduate Programme](https://www.elenjical.com/careers/graduate-programme): Our graduate programme brings new capital markets and AI technologists into the firm. We run it once a year, in South Africa, the Middle East and India. - [Experienced Hire Programme](https://www.elenjical.com/careers/experienced-hire): For people who already work in financial services or financial technology and want to move into specialist consulting on vendor systems such as Murex. ## Open roles - [Senior Developer](https://www.elenjical.com/careers/senior-developer): engineering · Johannesburg , South Africa --- # Graduate Programme Source: https://www.elenjical.com/careers/graduate-programme Our graduate programme brings new capital markets and AI technologists into the firm. We run it once a year, in South Africa, the Middle East and India. Regions: South Africa, Middle East, India ## The journey 1. **Recruit** - We hire once a year, mostly through LinkedIn, from strong STEM graduates. 2. **Train** - Three months of training in financial markets, technology and consulting skills. 3. **Place** - Graduates then join client work and shadow senior consultants. 4. **Grow** - You then specialise, usually in Murex, with a senior consultant mentoring you. ## Training - **Financial markets**: Capital markets training: instruments, trading, risk and how the market works. - **Technical**: Programming, databases, cloud and applied AI. - **Soft skills**: Communication, consulting and working with stakeholders. ## Requirements - A four-year undergraduate degree, Master's or PhD in a STEM field - Computer Science - Computer / Electronic & Electrical Engineering - Finance & Mathematics - Mathematics or Actuarial Science - Financial Engineering or Financial Risk Management We recruit once a year. Follow us on LinkedIn to hear when applications open. --- # Experienced Hire Programme Source: https://www.elenjical.com/careers/experienced-hire For people who already work in financial services or financial technology and want to move into specialist consulting on vendor systems such as Murex. - Turn your financial services or technology background into a specialist consulting career. - Structured training in vendor platforms, starting with Murex. - Mentoring from senior consultants on real client work. This programme opens as roles come up. Check back now and then, or follow us on LinkedIn. --- # Senior Developer Source: https://www.elenjical.com/careers/senior-developer Department: engineering · Location: Johannesburg , South Africa · Posted: 2026-06-22 ## **About the job** Elenjical, a capital markets and investment banking technology firm based in Johannesburg with a presence across EMEA, is seeking a Senior Developer to join our team. **Role Summary** We are looking for a hands-on Senior Developer to drive delivery across multiple projects, lead a high-performing engineering team, and partner closely with clients and internal stakeholders. You will own technical direction, execution quality, and delivery outcomes, balancing architecture decisions with pragmatic delivery, coaching engineers, and keeping projects on track. This role is ideal for someone who can **switch context fast**, communicate clearly with both developers and business stakeholders, and build scalable solutions without over-engineering. **Key Responsibilities** **1) Technical Leadership & Architecture** - Own overall solution design across multiple workstreams and projects - Define architecture patterns, standards, and best practices - Ensure system reliability, scalability, security, and maintainability - Review and approve technical decisions (APIs, DB, cloud infra, integrations) - Drive engineering quality through code reviews and design reviews **2) Delivery Ownership (Multi-Project Execution)** - Manage delivery across multiple concurrent initiatives - Break down requirements into deliverable milestones and sprint plans - Identify delivery risks early and remove blockers proactively - Ensure accurate estimates and predictable releases - Maintain alignment between scope, timelines, and technical complexity **3) Team Leadership & Mentorship** - Lead a team of engineers (senior + mid-level) - Coach engineers in design thinking, implementation, and clean code - Set performance expectations and encourage an ownership culture - Contribute to hiring, onboarding, and team capability development - Run tech ceremonies (standups, sprint planning, retros, demos) **4) Client Engagement & Stakeholder Management** - Engage directly with clients to understand needs and translate them into solutions - Run technical discussions, workshops, and solution walk-throughs - Communicate progress, risks, and technical decisions clearly and confidently - Align expectations with product owners, business analysts, and client sponsors - Support pre-sales scoping and solution shaping when needed **5) Engineering Governance & Continuous Improvement** - Improve tooling, CI/CD, release processes, and observability - Maintain high standards for documentation and knowledge sharing - Introduce reusable components and patterns across projects - Drive incident response practices and root cause resolution **6) Agentic Workflow Management** - **Agentic Coding:**Experience building software using autonomous agents (Claude, Gemini etc) - **Context & Token Optimisation:** Proven ability to manage team's token budgets and mitigate context degradation during long, multi-turn reasoning cycles. - **Context Engineering:** Skill in structuring codebases, modularising components, and drafting precise technical specifications to minimise AI "communication tax." - **Iterative Loop Management:** Ability to guide agents through the planning, writing, testing, and debugging lifecycle while establishing strict execution guardrails. - **Cost-Conscious Development:** Understanding of the financial and performance trade-offs between different foundational models and agent architectures. **Requirements (Must-Have)** - 6+ years of software engineering experience, with proven delivery ownership - 2+ years in a **Tech Lead / Engineering Lead / Senior Engineer** role - Strong hands-on ability (you can build, review, debug, ship) - Proven experience working across multiple projects or products at once - Strong communication skills, able to explain complex topics simply - Experience with: - Modern Frontend stacks (Next.js 14, React 18) - Modern backend development (Node.js / Java / .NET / Python) - APIs (REST/GraphQL), integration design, and data modelling - Cloud environments (AWS/Azure/GCP) - CI/CD, deployment pipelines, version control, code review workflows **Nice-to-Have** - Consulting or client-facing delivery experience - Experience with microservices, event-driven architecture, and message queues - Experience leading teams in Agile environments - Experience with system performance tuning and production support ## Apply Apply through the HTML page: https://www.elenjical.com/careers/senior-developer --- # We build with the platform vendors our clients already run on, and with the AI providers defining what comes next. Source: https://www.elenjical.com/partners - [Anthropic](https://www.elenjical.com/partners/anthropic) (technology): We are an Anthropic partner, building agentic AI and enterprise automation on Claude, from persona frameworks and orchestration to safe, production-grade deployments. - [Murex](https://www.elenjical.com/partners/murex) (technology): For more than 35 years, Murex has provided enterprise-wide, cross-asset financial technology solutions to capital markets players. Its MX.3 platform supports trading, treasury, risk and post-trade ope - [Google Cloud](https://www.elenjical.com/partners/google-cloud) (technology): We design, migrate and run cloud-native, data and AI workloads on Google Cloud, from lakehouse and analytics platforms to production model hosting. - [AWS](https://www.elenjical.com/partners/aws) (technology): Elenjical is an AWS Partner. We design, migrate and run cloud-native and AI workloads on AWS, including capital-markets platforms such as Murex, with security and scale built in. - [Microsoft Azure](https://www.elenjical.com/partners/microsoft-azure) (technology): We design, migrate and run cloud-native and AI workloads on Azure, including capital-markets platforms such as Murex, with security and scale built in. - [NeoXam](https://www.elenjical.com/partners/neoxam) (technology): NeoXam is a global financial software company delivering end-to-end solutions across the investment lifecycle, data management, portfolio management, investment accounting, reporting and reconciliatio - [ActiveViam](https://www.elenjical.com/partners/activeviam) (technology): ActiveViam delivers analytics and data-science products built on in-memory technology, used by global banks, hedge funds, asset managers and derivatives exchanges for real-time risk and regulatory com - [Linktera](https://www.elenjical.com/partners/linktera) (regional): Linktera offers consultancy, implementation, system integration and automation, with services in asset and liability risk management, fund transfer pricing and market risk. --- # Anthropic Source: https://www.elenjical.com/partners/anthropic Category: technology We are an Anthropic partner, building agentic AI and enterprise automation on Claude, from persona frameworks and orchestration to safe, production-grade deployments. Website: https://www.anthropic.com/ --- # Murex Source: https://www.elenjical.com/partners/murex Category: technology For more than 35 years, Murex has provided enterprise-wide, cross-asset financial technology solutions to capital markets players. Its MX.3 platform supports trading, treasury, risk and post-trade operations for 57,000+ daily users across 60+ countries. Website: https://www.murex.com/ --- # Google Cloud Source: https://www.elenjical.com/partners/google-cloud Category: technology We design, migrate and run cloud-native, data and AI workloads on Google Cloud, from lakehouse and analytics platforms to production model hosting. Website: https://cloud.google.com/ --- # AWS Source: https://www.elenjical.com/partners/aws Category: technology Elenjical is an AWS Partner. We design, migrate and run cloud-native and AI workloads on AWS, including capital-markets platforms such as Murex, with security and scale built in. Website: https://aws.amazon.com/ --- # Microsoft Azure Source: https://www.elenjical.com/partners/microsoft-azure Category: technology We design, migrate and run cloud-native and AI workloads on Azure, including capital-markets platforms such as Murex, with security and scale built in. Website: https://azure.microsoft.com/ --- # NeoXam Source: https://www.elenjical.com/partners/neoxam Category: technology NeoXam is a global financial software company delivering end-to-end solutions across the investment lifecycle, data management, portfolio management, investment accounting, reporting and reconciliation. Website: https://www.neoxam.com/ --- # ActiveViam Source: https://www.elenjical.com/partners/activeviam Category: technology ActiveViam delivers analytics and data-science products built on in-memory technology, used by global banks, hedge funds, asset managers and derivatives exchanges for real-time risk and regulatory compliance (FRTB, LCR, IFRS 9). Website: https://www.atoti.io/ --- # Linktera Source: https://www.elenjical.com/partners/linktera Category: regional Linktera offers consultancy, implementation, system integration and automation, with services in asset and liability risk management, fund transfer pricing and market risk. Website: https://en.linktera.com/ --- # We bring you the latest news and data on the global capital markets and technology. Source: https://www.elenjical.com/news - 2026-06-04 - [South Africa’s ZARONIA window is closing - and the market is already moving](https://www.elenjical.com/news/south-africas-zaronia-window-is-closing-and-the-market-is-already-moving-2): Landmark bond deals and a live regulatory deadline are forcing South Africa's financial sector to confront the JIBAR transition - Elenjical sets out what businesses must do before time runs out. - 2026-05-18 - [Elenjical earns repeat growth honours from the Financial Times and News24](https://www.elenjical.com/news/elenjical-solutions-earns-repeat-growth-honours-from-the-financial-times-and-news24): Johannesburg-based fintech consultancy Elenjical has earned a place in the Financial Times ranking of Africa’s fastest-growing companies for the third consecutive year, and has also ranked among the Top 30 firms in News24’s South Africa’s Fastest Growing Champions list for the second year in a row. - 2026-04-15 - [Open finance comes of age: what banks, insurers and fintechs must build now](https://www.elenjical.com/news/open-finance-comes-of-age-what-banks-insurers-and-fintechs-must-build-now): Open finance is edging out of policy papers and into practice in South Africa. For financial institutions, the opportunity is real, but so are the risks around data, consent and trust. - 2026-03-31 - [Africa’s money is finally moving closer to home](https://www.elenjical.com/news/africas-money-is-finally-moving-closer-to-home): African trade no longer needs to pass through New York or London to work. New payment and currency systems are bringing money closer to home - and putting South Africa at the centre of Africa’s next trade transformation - 2026-03-12 - [What global crypto rules mean for South Africa - and why the window to act is closing](https://www.elenjical.com/news/what-global-crypto-rules-mean-for-south-africa-and-why-the-window-to-act-is-closing): As Europe and the UK press ahead with the world’s first stablecoin regimes, South Africa must decide how far to align - and how far to diverge. We spoke to experts at Elenjical, a leading South African fintech consultancy, to explore what this new regulatory era could mean for the country. - 2025-11-26 - [The silent transformation of cross-border payments](https://www.elenjical.com/news/the-silent-transformation-of-cross-border-payments): The clock is ticking on cross-border payment reform. With the SARB's new directive now in motion and the FSB warning that progress has been painfully slow, banks and fintechs have a rare opportunity - turn compliance into innovation and finally deliver on the promise of inclusion. - 2025-11-25 - [NeoXam Announces Partnership with Elenjical to Accelerate Buy-Side and Treasury Technology Adoption in South Africa and the UK](https://www.elenjical.com/news/neoxam-announces-partnership-with-elenjical-solutions-to-accelerate-buy-side-and-treasury-technology-adoption-in-south-africa-and-the-uk): NeoXam, a global leader in Data Management, Performance Analytics, Portfolio Management, Reporting, and Reconciliation software solutions, today announced its strategic partnership with Elenjical, a pioneering Johannesburg-based financial services technology consulting firm, to strengthen its presence and delivery capabilities across South Africa, the Middle East, and the United Kingdom. - 2025-08-21 - [From data to decisions: empowering insurers through data intelligence](https://www.elenjical.com/news/empowering-insurers-through-data-intelligence): When analysts spend three hours a day manually building Excel reports, something’s gone wrong. Elenjical’s Jade Penning and Bella Berti explain how they helped a major South African insurer embrace automation-transforming fragmented data into fast, decision-ready insight. - 2025-07-28 - [Retention done right: What every HR leader can learn from Elenjical](https://www.elenjical.com/news/what-every-hr-leader-can-learn-from-elenjical-solutions): With a 91% employee retention rate, Elenjical is challenging industry norms and showing that long-term loyalty comes from culture, not just compensation. - 2025-06-20 - [Huawei partners with Elenjical to drive digital financial services across Africa](https://www.elenjical.com/news/huawei-partners-with-elenjical-solutions): Leading South African consultancy adds deep financial systems expertise to Huawei's growing cloud infrastructure network, helping to support the transformation to digital financial services across the continent. - 2025-05-20 - [The illusion of control: Why modern risk management means letting go](https://www.elenjical.com/news/the-illusion-of-control-why-modern-risk-management-means-letting-go): A recent upgrade at one of Europe’s largest banks offers a rare, inside view of how risk is managed in practice. Elenjical’s FinTech expert, Robert Cronje, sheds light on what effective risk management looks like when systems shift and money is on the line. - 2025-05-16 - [Elenjical’ rapid growth recognised by both the Financial Times and News24](https://www.elenjical.com/news/elenjical-solutions-rapid-growth-recognised-by-both-the-financial-times-and-news24): Elenjical has been recognised as being among Africa’s fastest-growing businesses. It has been placed on the Financial Times list for the second consecutive year, and debuts on News24’s South Africa’s Fastest Growing Companies report. - 2025-04-30 - [How AI could unlock financial services for millions of South Africans?](https://www.elenjical.com/news/how-ai-could-unlock-financial-services): AI could hold the key to financial inclusion in South Africa - unlocking access, trust, and opportunity for millions still outside the formal banking system - 2025-04-17 - [ZARONIA takes over](https://www.elenjical.com/news/inside-south-africas-biggest-financial-overhaul): JIBAR’s days are numbered. By 2026, South Africa’s financial institutions must adopt ZARONIA, a shift that will fundamentally reshape how benchmark interest rates are determined in South Africa. - 2025-03-01 - [ISO 20022 - Setting new standards for payments](https://www.elenjical.com/news/iso-20022): As payment systems worldwide transition to ISO 20022, financial institutions face opportunities and challenges. - 2024-09-12 - [Who runs the world? Girls!](https://www.elenjical.com/news/who-runs-the-world-girls): Who runs the world? Girls! Explore how women are leading revolutions, inspiring change, and shaping a better tomorrow. - 2024-08-12 - [Reshaping talent pools through experienced hire programme](https://www.hrfuture.net/strategy-operations/leadership-talent-management/reshaping-talent-pools-through-experienced-hire-programme/) (external coverage) - 2024-07-09 - [Elenjical integrates AWS’s Rapid framework into Murex trading system at Standard Bank](https://bizmag.co.za/elenjical-solutions-integrates-awss-rapid-framework-into-murex-trading-system-at-standard-bank/) (external coverage) - 2024-05-14 - [Elenjical named among Africa’s fastest growing companies](https://www.elenjical.com/news/elenjical-solutions-named-among-africas-fastest-growing-companies): Elenjical has been named to the Financial Times list of Africa’s fastest growing companies, ranking among the top 10 in the IT & Software subcategory. - 2024-04-29 - [Elenjical pioneers Murex’s MXopenconnect development framework](https://www.elenjical.com/news/elenjical-solutions-pioneers-murexs-mxopenconnect-development-framework): Discover how Elenjical is leading the way in Murex’s MXopenconnect framework development, changing how financial firms handle systems integration. - 2024-04-12 - [Youthquake In Finance: Nurturing Fintech’s Rising Stars](https://www.hrfuture.net/strategy/finance/youthquake-in-finance-nurturing-fintechs-rising-stars/) (external coverage) - 2024-04-05 - [Fintech outsourcing: The numbers stack up](https://tndnewsuganda.com/2024/03/14/fintech-outsourcing-the-numbers-stack-up/) (external coverage) - 2024-02-07 - [Elenjical develops A.I. powered fintech apps](https://www.elenjical.com/news/elenjical-solutions-develops-a-i-powered-fintech-apps): Learn how Elenjical is shaping the fintech industry with its advanced AI-powered app development for smarter financial services. - 2023-11-29 - [Elenjical recently marked a milestone - a decade in the business! 🎉](https://www.elenjical.com/news/elenjical-solutions-recently-marked-a-milestone-a-decade-in-the-business): Elenjical marks a decade of success in providing top-quality capital markets solutions. Celebrating 10 years in the industry! - 2023-11-27 - [Fintech fusion: businesses choosing partnership as source of competitive advantage](https://www.elenjical.com/news/fintech-fusion-businesses-choosing-partnership-as-source-of-competitive-advantage): Discover the power of fintech partnerships in gaining a competitive advantage. Elenjical reveals why collaboration is vital for business success. - 2023-09-26 - [AI set to deliver quantum leap in programming speed](https://bizmag.co.za/artificial-intelligence-set-to-deliver-quantum-leap-in-programming-speed-says-sa-fintech/): Artificial intelligence platforms like ChatGPT can be put to work generating a mountain of repetitive boilerplate coding tasks, says Elenjical’ Siju Mammen (external coverage) - 2023-08-16 - [Leading financial IT services consultant Elenjical expands into Turkish banking market via strategic alliance with domestic sector specialist](https://www.elenjical.com/news/leading-financial-it-services-consultant-elenjical-solutions-expands-into-turkish-banking-market-via-strategic-alliance-with-domestic-sector-specialist) - 2023-07-28 - [From 0 to 100 in 10: SA fintech reaches employee milestone in a decade](https://www.bytesites.co.za/2023/07/28/from-0-to-100-in-10/) (external coverage) - 2023-07-10 - [Graduate training programmes: The secret to catching and retaining highflyers](https://bizmag.co.za/graduate-training-programs-the-secret-to-catching-and-retaining-highflyers/) (external coverage) - 2023-06-06 - [The power of people-focused work practices](https://www.elenjical.com/news/the-power-of-people-focused-work-practices) - 2023-05-30 - [Elenjical implements world’s first Murex Kubernetes module installation](https://www.elenjical.com/news/elenjical-solutions-implements-worlds-first-murex-kubernetes-module-installation): Elenjical installed Murex’s new Kubernetes functionality at Momentum Metropolitan Holdings in South Africa. - 2023-04-27 - [Fintech consultancy gives grads flying start](https://www.elenjical.com/news/fintech-consultancy-gives-grads-flying-start) - 2023-03-22 - [People power driving learning in finance](https://www.elenjical.com/news/people-power-driving-learning-in-finance) - 2023-02-23 - [Navigating an economy in transition as an SA-based fintech](https://www.elenjical.com/news/navigating-an-economy-in-transition-as-an-sa-based-fintech) - 2022-11-25 - [Elenjical and ActiveViam partner to tackle South African HQLA challenge](https://www.activeviam.com/elenjical-partner-hqla-challenge/?utm_source=partner&utm_medium=post&utm_campaign=elenjical_blog2) (external coverage) - 2022-11-17 - [Untethered Solutions Puts Collateral Optimisation at Risk](https://www.activeviam.com/untethered-solutions-puts-collateral-optimization-at-risk/?utm_source=partner&utm_medium=post&utm_campaign=elenjical_blog1) (external coverage) - 2022-07-27 - [How the Back Office became glamorous](http://financialmarketsjournal.co.za/how-the-back-office-became-glamorous/) (external coverage) - 2022-07-13 - [Take those small steps towards your big dreams.](https://www.thesmallbusinesssite.co.za/2021/02/19/elenjical-solutions-take-those-small-steps-towards-your-big-dreams/) (external coverage) - 2022-06-28 - [Tinu Elenjical: delivering global IT skills in Africa](https://www.elenjical.com/news/tinu-elenjical-delivering-global-it-skills-in-africa) - 2022-06-28 - [Elenjical becomes only 3rd provider certified by Amazon for Murex Cloud migration](https://www.elenjical.com/news/elenjical-solutions-becomes-only-3rd-provider-certified-by-amazon-for-murex-cloud-migration) - 2022-06-24 - [Less Risky Business: How Tech is Helping Calculate Capital Market Peril](https://accountingweekly.com/how-tech-is-helping-calculate-capital-market-peril/) (external coverage) - 2022-06-20 - [Stellenbosch undergrads given real life masterclass on avoiding financial crashes](https://www.elenjical.com/news/guest-lecture-on-techniques-for-measuring-market-risks) - 2022-05-25 - [The robots are coming: how AI is taking over insurance](https://www.elenjical.com/news/the-robots-are-coming-how-ai-is-taking-over-insurance) - 2022-04-20 - [How the Cloud is taking over financial services](https://www.elenjical.com/news/how-the-cloud-is-taking-over-financial-services) - 2022-04-13 - [Tech firms circle traditional banking services](https://www.elenjical.com/news/tech-firms-circle-traditional-banking-services) - 2022-01-11 - [Bitcoin in SA - can cryptos ever be tamed?](http://financialregulationjournal.co.za/2022/01/03/bitcoin-in-sa-can-cryptos-ever-be-tamed/) (external coverage) - 2021-06-01 - [Momentum Metropolitan improves balance sheet performance by migrating and upgrading Murex MX.3 on AWS in just 9 months](https://aws.amazon.com/partners/success/momentum-metropolitan-murex/) (external coverage) - 2021-05-29 - [Elenjical strengthens board as part of growth and diversity drive](https://www.elenjical.com/news/es-board): BNP Paribas and UBS opened the offshore Australian dollar FIG market for 2021 this week, with a pair of new senior deals. - 2021-05-20 - [Major retirement fund entrusts emerging asset management firm with 200 million Rand mandate](https://www.nomadafricamag.com/major-retirement-fund-entrusts-emerging-asset-management-firm-with-200-million-rand-mandate/) (external coverage) - 2021-04-15 - [Analysing the effect of quantum computing on Bitcoin](https://www.elenjical.com/news/analysing-the-effect-of-quantum-computing-on-bitcoin) - 2021-04-01 - [Elenjical focuses on boosting skills of the nation](https://www.elenjical.com/news/giving-back) - 2021-03-14 - [A Decentralised Collateral Payment Solution](https://www.elenjical.com/news/collateral-blockchain) - 2021-03-09 - [A Shared Cloud Based Risk Engine](https://www.elenjical.com/news/a-cloud-based-shared-risk-engine) - 2021-01-28 - [Nothing is impossible](https://www.elenjical.com/news/impossible) - 2021-01-17 - [Taking Murex to the Cloud](https://www.elenjical.com/news/taking-murex-to-the-cloud) - 2020-11-25 - [Elenjical awarded the National Fintech Award Winner by NSBC](https://www.elenjical.com/news/elenjical-solutions-awarded-the-national-fintech-award-winner-by-nsbc) --- # South Africa’s ZARONIA window is closing - and the market is already moving Source: https://www.elenjical.com/news/south-africas-zaronia-window-is-closing-and-the-market-is-already-moving-2 Published: 2026-06-04 · Author: Elenjical *Landmark bond deals and a live regulatory deadline are forcing South Africa's financial sector to confront the JIBAR transition - Elenjical sets out what businesses must do before time runs out.* The countdown to South Africa’s final interest rate benchmark transition is no longer a distant compliance exercise. With new JIBAR trades ceasing in May 2026 and full cessation mandated by December, the financial sector is navigating one of the most significant structural shifts in the country’s capital markets - and early movers are already reshaping how debt is priced and raised. Recent transactions signal the transition has entered its decisive phase. In March 2026, Rand Merchant Bank arranged South Africa’s first JSE-listed corporate bond linked to ZARONIA for Super Group Limited - a landmark deal that gave the market its first live pricing reference for future issuances. In a separate milestone, Standard Bank became the first South African bank to issue Flac notes, raising over R2 billion, and the first to offer floating rate notes linked to ZARONIA in a public auction. Together, these deals mark a turning point: the transition from JIBAR to ZARONIA is no longer theoretical. *“These deals demonstrate that early movers are not simply complying - they are helping build the reference infrastructure the whole market will rely on,” **says Alisha D’sa, Senior Consultant at Elenjical,** a specialist advisory firm supporting institutions through the transition. “The Super Group transaction established a pricing reference that provides clarity and confidence as ZARONIA adoption accelerates.”* **What makes ZARONIA different** Unlike JIBAR, which was based on surveyed estimates and exposed to the risk of manipulation, ZARONIA, the South African Overnight Index Average, is anchored in actual market transactions, making it a more reliable and transparent risk-free reference rate (RFR). The shift aligns South Africa with global benchmark reform programmes already completed or underway in major markets, simplifying hedging strategies and cross-border operations for institutions with international exposure. The transition also creates a practical impetus for broader modernisation. Institutions adopting ZARONIA must update pricing models, contract management systems and transaction processing infrastructure - upgrades that, when executed well, improve operational efficiency beyond regulatory compliance. **Operational and legal risks remain** Despite the momentum in primary markets, D’sa cautions that the operational complexity of full transition should not be underestimated. *“The most pressing risk is disruption - the transition requires a complete overhaul of existing systems, renegotiation of legacy contracts and updates to pricing models across portfolios,”* she says. Financial institutions must ensure systems can accurately price and capture ZARONIA-linked instruments, while simultaneously working through the legal processes required to renegotiate contracts and embed robust fallback clauses. The scale of that contractual work means businesses that have not yet maintained pace will face mounting pressure in the months ahead. Regulatory alignment with South African Reserve Bank guidelines is non-negotiable. The clear December 2026 deadline for full JIBAR cessation leaves little room for delay in institutions still mid-transition. **What institutions should be doing now** For those still completing the transition, the priorities are well-defined: end-to-end testing of procedures and controls for ZARONIA-based instruments, assessment of impacts on profit and loss, portfolio sensitivities and risk management frameworks, and the finalisation of contract amendments. Engagement with industry groups and regulatory workshops remains important for staying current on evolving best practice. The competitive argument for urgency is increasingly clear. Institutions that moved early - whether in derivatives, bonds, loans or deposits - have accumulated practical experience with ZARONIA pricing, execution and documentation that latecomers will need to develop under greater time pressure. With the December deadline firm, the opportunity to build that advantage through considered, well-resourced transition work is narrowing. --- # Elenjical earns repeat growth honours from the Financial Times and News24 Source: https://www.elenjical.com/news/elenjical-solutions-earns-repeat-growth-honours-from-the-financial-times-and-news24 Published: 2026-05-18 · Author: Elenjical *Johannesburg-based fintech consultancy Elenjical has earned a place in the Financial Times ranking of Africa’s fastest-growing companies for the third consecutive year, and has also ranked among the Top 30 firms in News24’s South Africa’s Fastest Growing Champions list for the second year in a row.* These latest recognitions reinforce Elenjical’s position as one of Africa’s most dynamic specialist financial technology consultancies. The 2026 *Financial Times* ranking, produced in partnership with Statista, highlights 130 companies across the continent with the strongest revenue growth between 2021 and 2024. News24 and Statista’s South Africa’s Growth Champions 2026 list similarly recognises 50 high-performing South African businesses, with Elenjical ranking 27th overall. For Elenjical, the double recognition reflects a period of continued expansion driven by specialist expertise, long-term client relationships and a focus on supporting financial institutions through increasingly complex technology and transformation challenges. “To be recognised among Africa’s top-performing companies for a third consecutive year is both humbling and deeply meaningful,” ***says Tinu Elenjical, founder and CEO of Elenjical.*** “This achievement is far more than a ranking to us. It reflects every person who has been part of our journey, the trust of our clients and everyone who has believed in our vision along the way. To be acknowledged among so many exceptional companies across the continent inspires us to keep raising the bar, to continue innovating with purpose and to make an even greater impact across the financial services sector.” Founded over a decade ago, Elenjical has become a respected consultancy serving the financial services sector, with particular strengths in capital markets technology, Murex consultancy, digital tooling and AI-enabled solutions. The company works with banks and financial institutions to modernise systems, strengthen operational resilience and support business growth in an increasingly demanding market environment. As the company enters its next phase of growth, Elenjical remains focused on expanding its capabilities, deepening its impact across financial services and supporting clients as they navigate the next generation of AI driven technological and operational change. --- # Open finance comes of age: what banks, insurers and fintechs must build now Source: https://www.elenjical.com/news/open-finance-comes-of-age-what-banks-insurers-and-fintechs-must-build-now Published: 2026-04-15 · Author: Elenjical *Open finance is edging out of policy papers and into practice in South Africa. For financial institutions, the opportunity is real, but so are the risks around data, consent and trust.* For years, open finance has hovered on the edges of industry debate - discussed in policy papers, tested in pilots, and often dismissed as something for more mature markets to figure out first. In South Africa, that hesitation is fading. With the Financial Sector Conduct Authority (FSCA) setting out a clear policy position, open finance is no longer theoretical. It is becoming a build-now reality. That matters not just for banks, insurers and fintechs, but for millions of South Africans who remain underbanked or excluded from formal financial services altogether. According to the latest PayFast report, nearly a third of South Africa’s population, approximately 19 million people, remain underbanked, relying heavily on cash or lacking full access to formal financial services. If implemented well, open finance could reshape access to credit, insurance and digital payments in ways that reflect South Africa’s economic and social realities. Open finance rests on a simple principle: financial data belongs to the customer, not the institution. With the customer’s permission, that data can be shared securely with third parties to create more relevant and inclusive financial products. Unlike open banking, which focuses primarily on transactional data, open finance extends across credit, insurance, savings, investments and pensions - a distinction that matters in a South African context. For South Africa, the challenge is visibility into financial activity that already exists. “South Africa has a very underbanked population,” says Nathan Schaefer, Analyst at Elenjical. “Many people aren’t part of the traditional banking system, but they still interact with financial products - whether that’s insurance, informal credit or digital payments. Open finance allows that information, with consent, to be used to design products for people who are currently invisible to banks.” The FSCA has been clear that open finance is not a move towards deregulation, but an effort to introduce a structured, secure framework for data sharing that balances innovation with consumer protection. Data standards, consent, liability, commercial models and data protection sit at the centre of the regulator’s thinking and form the foundations of an access-to-data regime that organisations must now start preparing for. “Open finance is frequently framed as deregulation, when it is better seen as an effort to put clearer rules around how customer data is shared,” says Stefan Smit, Analyst at Elenjical. “The real test will be whether customers genuinely understand what they are agreeing to, who their data is shared with, and how easily that consent can be withdrawn. If consent becomes opaque or overly complex, trust quickly erodes.” From a practical standpoint, one of the clearest signals from the FSCA is its preference for APIs, secure digital interfaces that allow systems to share specific data in a controlled way. Many fintechs still rely on screen scraping, which, while effective in the short term, introduces avoidable security, privacy and accountability risks. APIs allow institutions to limit access, monitor usage and define exactly what data is shared and for how long. Trust matters as much as data standards do. “People are rightly cautious,” adds Schaefer. “They want to know where their data is stored, who can see it, and what happens if something goes wrong.” As data moves across banks, insurers, fintechs and third parties, accountability must remain clear, or confidence in the system will weaken. There is also tension in how open finance will be commercialised. The FSCA has suggested that basic customer data should be shared without charge, while value-added insights may be monetised, to avoid barriers to entry that favour large incumbents. “If access to data becomes something only well-funded players can afford, competition is inevitably weakened,” says Smit. “Treating core data as a shared utility is what keeps the ecosystem open.” For product leaders and chief risk officers, the real question is whether their organisations are ready for open finance. That means assessing infrastructure, consent design, governance frameworks and legacy systems now. “Trying to retrofit all of this at the last minute will be painful,” Schaefer notes. “The organisations that start early will have a real advantage - not just in compliance, but in how quickly they can innovate.” Open finance will not be perfect from day one. There will be gaps and growing pains. But for South Africa, and potentially for other developing economies watching closely, it represents a rare opportunity to design a more inclusive financial system from the ground up. If banks, insurers and fintechs build the right technical, regulatory and ethical foundations now, open finance can extend financial services to the millions of South Africans who currently lack them. Original Article - [FinancialFortuneMedia](https://www.financialfortunemedia.com/open-finance-comes-of-age-what-banks-insurers-and-fintechs-must-build-now/) & [AfricanEyeReport](https://africaneyereport.com/open-finance-comes-of-age-what-banks-insurers-and-fintechs-must-build-now/) --- # Africa’s money is finally moving closer to home Source: https://www.elenjical.com/news/africas-money-is-finally-moving-closer-to-home Published: 2026-03-31 · Author: Elenjical *African trade no longer needs to pass through New York or London to work. New payment and currency systems are bringing money closer to home - and putting South Africa at the centre of Africa’s next trade transformation* African trade has moved faster in theory than in practice for decades. Goods and services cross borders every day, but the money behind them has often taken a longer route - through offshore correspondent banks, hard currencies and unnecessary delays. Even simple transactions between African countries have often required conversion into US dollars or Euros and days to settle, adding cost and discouraging many smaller businesses from trading regionally at all. AfCFTA set out to change that reality, but policy alone was never enough. Trade at scale depends on infrastructure that works and systems that let value move within the continent without unnecessary stops. For decades, slow settlement, high fees and currency risk acted as a quiet brake on intra-African trade. Regional commerce remained possible, but complex and uncertain - small and medium-sized businesses felt it most. The result was a continent trading far less with itself than its economic potential would suggest. The Pan-African Payment and Settlement System (PAPSS) is designed to remove that friction. By allowing transactions to settle in local currencies, it shortens the distance between buyer and seller and keeps value within Africa’s financial system. “It fundamentally changes how trade works on the continent,” says Thulani Babeli, Consultant at Elenjical. “For years, African countries have had to trade through external systems. When payments move directly between local currencies, faster and at lower cost, cross-border trade becomes viable for far more businesses.” The benefits extend beyond speed and cost. Faster settlement improves trust between counterparties and lowers the risk associated with cross-border transactions - smaller firms, which have long operated at the margins of formal trade, gain the most. One of the most significant developments linked to PAPSS is the planned creation of a pan-African currency marketplace. African currencies have long suffered from fragmented liquidity and opaque pricing, often shaped more by offshore markets than by real trade flows within the continent. A shared FX marketplace introduces a different dynamic. Financial institutions across Africa will be able to quote, trade and settle currencies within a single framework, improving transparency and helping to build liquidity where it has stayed thin. “Many African currencies are still priced in environments that have little to do with African trade itself,” says Shivaskar Naidoo, Analyst at Elenjical. “A continental FX marketplace allows currencies to be priced within Africa, based on real demand between African economies. That improves confidence for banks and businesses alike.” South Africa is positioned to benefit. The country has one of the continent’s most mature financial systems, with established FX markets, strong governance and deep institutional expertise. In a more integrated African FX environment, South African banks are well positioned to act as liquidity providers and market makers, supporting regional trade while strengthening their own role across the continent. Trade integration is not only about wholesale markets and balance sheets. Retail commerce, tourism, e-commerce and remittances all depend on payment systems that work across borders without friction. In this context, the development of a pan-African card scheme is a quieter but important part of the picture. Global card networks dominate African markets, but they were not built with intra-African trade in mind. Transactions often default to hard currencies; fees remain high and settlement can be slow. A continent-wide card scheme allows payments to settle locally, reducing cost and complexity for consumers and merchants. “For consumers and small businesses, the difference is very practical,” says Babeli. “When payments are instant and settle locally, cross-border trade stops feeling exceptional and starts to feel routine.” Despite its financial sophistication, South Africa has so far taken a cautious approach to PAPSS adoption. Regulatory pressures dominated recent years. With those easing, attention is beginning to shift. “There is a relatively small window where institutions can still influence how this ecosystem develops,” Babeli says. “Early participation means helping to shape standards and build liquidity. Waiting too long means adapting to decisions already made elsewhere.” AfCFTA provides the vision of a single African market. PAPSS is laying the underlying foundations - FX, payments and settlement - that make that vision workable. Its success will not be measured in announcements, but in whether African trade becomes easier, faster and more predictable over time. As currencies begin to trade with fewer restrictions and payments settle closer to where value is created, the centre of gravity shifts. African commerce becomes less dependent on external systems and more defined by its own needs. Borderless trade will not arrive overnight but the foundations are being laid. *Original Article* - [Africaneyereport.com](https://africaneyereport.com/africas-money-is-finally-moving-closer-to-home/) --- # What global crypto rules mean for South Africa - and why the window to act is closing Source: https://www.elenjical.com/news/what-global-crypto-rules-mean-for-south-africa-and-why-the-window-to-act-is-closing Published: 2026-03-12 · Author: Elenjical *As Europe and the UK press ahead with the world’s first stablecoin regimes, South Africa must decide how far to align - and how far to diverge. We spoke to experts at Elenjical, a leading South African fintech consultancy, to explore what this new regulatory era could mean for the country.* The Financial Sector Conduct Authority’s decision to classify crypto assets as “financial products” marked the end of South Africa’s permissive crypto era. It triggered a surge of licence applications, many of which failed on first principles: firms suddenly expected to behave like financial institutions discovered they lacked the governance, controls and resilience to do so. Yet this domestic step-change is only a prelude to the regulatory forces gathering offshore. Whether South Africa acts or not, global rulebooks are beginning to shape its choices. Across Europe, the Markets in Crypto-Assets Regulation (MiCA) has shifted from blueprint to reality. Stablecoin provisions are already in force, with the broader regime phasing in through 2025. In the UK, a parallel path is emerging: systemic stablecoins will be treated as critical payment infrastructure, backed by stringent reserve rules enforced by the Bank of England. “This acceleration is a signal of permanence rather than experimentation,” says Jade Penning, Analyst at Elenjical. “Global regulators are no longer debating whether crypto should exist; they are preparing to integrate it into mainstream finance. And because financial rules rarely stop at national borders, countries like South Africa will inevitably feel their effects.” **Licensing exposed a hard truth** The early wave of FSCA licensing has laid bare the gulf between crypto’s entrepreneurial culture and the discipline required of regulated finance. Governance, anti-money-laundering controls, secure data policies, capital buffers and documented operational resilience are no longer optional. “Smaller firms simply didn’t have the architecture or expertise to comply,” explains Kiera Patel, Consultant at Elenjical. “Larger institutions already operate inside financial-sector frameworks, so adding crypto is incremental. But start-ups now require bank-level rigour - and many weren’t built for it.” This is by design. As markets mature, the debate has shifted from whether crypto should be regulated to how to protect consumers and reduce fraud without extinguishing the innovation that made the sector valuable. That balance is precisely what MiCA, the FCA and the Bank of England are now attempting to strike. **Why global rules matter more than ever** Crypto usage in South Africa bears little resemblance to the patterns seen in Europe or the UK. Adoption is driven by remittances, cross-border informal trade and retail participation rather than institutional trading. Local realities matter: South Africa’s security environment and AML framework give anonymity a different weight than in Frankfurt or London. The banking sector is sophisticated yet leaves wide inclusion gaps. Digital payments infrastructure is expanding but remains uneven. To impose European-style regulation wholesale would be to govern a market that does not exist here. “Crypto’s volatility makes prudential regulation unusually difficult,” Patel adds. “How do you maintain capital buffers for an asset that can soar 6,000% in a week and collapse the next? We haven’t yet seen a full-scale crypto crisis. It’s not clear what tools regulators would even use to contain it.” This uncertainty is precisely why South Africa must build its own supervisory capacity rather than importing frameworks designed for foreign markets. A more subtle risk also lurks: once a country regulates crypto, its financial system is tied, however lightly, to an asset class untested in crisis. “It adds risk for governments, not just investors,” Patel notes. **A rand-backed stablecoin is no longer hypothetical** South Africa’s financial sector is innovative and often ahead of the continental curve. While a handful of ZAR-pegged stablecoins already exist, their adoption remains limited compared with USD or EUR equivalents. However, momentum is beginning to build. Earlier this year, a consortium including Luno, Sanlam Specialised Asset Management, EasyEquities and Lesaka announced the launch of ZARU, an institutional-grade rand-backed stablecoin designed to enable faster, blockchain-based payments while keeping the underlying rand-denominated reserves within South Africa’s financial system. Against that backdrop, a more widely adopted or institutionally backed rand-backed stablecoin is plausible, at least initially as a defensive measure rather than a market-driven one. Alongside this, tokenised deposits, tokenised bonds and other digital instruments are likely to emerge in parallel. The question is no longer whether tokenisation will arrive, but how safely South Africa can integrate it into its financial architecture. Europe and the UK have already fired the starting gun. Their regimes will shape expectations for global banks, payment providers and investors. If South Africa waits too long, it risks being nudged - eventually pressured - into adopting standards designed for economies with different priorities, demographics and risks. A distinctly African regulatory model is possible. But the window to shape it is narrowing. --- # The silent transformation of cross-border payments Source: https://www.elenjical.com/news/the-silent-transformation-of-cross-border-payments Published: 2025-11-26 · Author: Elenjical *The clock is ticking on cross-border payment reform. With the SARB's new directive now in motion and the FSB warning that progress has been painfully slow, banks and fintechs have a rare opportunity - turn compliance into innovation and finally deliver on the promise of inclusion.* This year’s Financial Stability Board (FSB) progress report on cross-border payments arrived with a familiar frustration: despite significant policy advances, “tangible improvements for end-users” remain out of reach. For Southern Africa, that gap between what we’ve promised and what people actually experience is now impossible to ignore. In April, the South African Reserve Bank (SARB) issued Directive No. 1 of 2025, requiring all low-value cross-border electronic fund transfers (EFTs) within the Common Monetary Area (CMA) - South Africa, Lesotho, Eswatini and Namibia - to migrate to the Transactions Cleared on an Immediate Basis (TCIB) scheme by March 2027. On the surface, it looks like a technical adjustment - another back-end shift in payment routing. But dig deeper and the implications become clear. This marks the end of an era where millions of people had no choice but to rely on cash couriers, bus drivers, and informal money agents to send funds home or pay small suppliers across borders. “This is a genuine modernisation milestone,” says Tinu Elenjical, Founder and CEO of Elenjical, a consultancy helping banks modernise trading and payment systems across Africa and globally. “For far too long, the smallest payments have been the hardest to move. TCIB changes that.” **From cash couriers to connected systems** TCIB is a retail-level, real-time payment rail designed to move small cross-border transactions quickly and affordably. It connects banks, fintechs and mobile money operators across the SADC region, offering a unified alternative to SADC-RTGS - which was never designed for low-value transfers in the first place. “The people who stand to benefit most are those who’ve been invisible to formal finance for years,” Elenjical explains. “Domestic workers, micro-traders, small suppliers - they’ve been either priced out or slowed down by systems that weren’t built for them. Now, they can move money instantly and safely.” For small and medium-sized enterprises, the shift is just as transformative. Instant settlement improves cash flow, eases the strain on working capital, and supports faster trade cycles -critical advantages in a region where SMEs are the backbone of the economy. **The business opportunity behind regulation** While the directive sets a firm deadline, it also unlocks real commercial potential. Banks and fintechs that move early can capture market share by offering instant cross-border payments and SME trade tools that didn’t exist before. Elenjical is already working with several institutions to navigate the transition - tackling data integration, interoperability challenges and helping them align legacy infrastructure with modern digital rails. “We’ve seen how payment transformation works elsewhere,” Elenjical notes. “It’s never just about the technology - it’s about collaboration. Regulators, banks and fintechs need to align on data standards, architecture and shared goals.” Those investing now in scalable, API-driven systems will comply with TCIB and be ready for continental integration via the Pan-African Payment and Settlement System (PAPSS). **A bridge to the AfCFTA era** The timing couldn’t be more significant. Under the African Continental Free Trade Area (AfCFTA), PAPSS is expanding to enable instant settlement in local currencies across participating nations. TCIB is effectively SADC’s bridge into that broader network. Once PAPSS and TCIB interconnect, we’ll have the infrastructure for a truly African payment grid - where a business in Windhoek can pay a supplier in Accra instantly, without ever touching the US dollar. **The countdown to compliance** With less than two years before the 2027 deadline, institutions are feeling the pressure to migrate. But Elenjical believes the next 18 months will separate the leaders from the laggards. “The winners will be those who see this not as a box-ticking exercise, but as a genuine chance to innovate,” he says. “They’ll develop products that serve real people - affordable remittances, instant SME payments, regional e-commerce tools.” The SARB directive is more than just regulatory reform. It’s an opportunity to bring informal money flows into the formal economy, build real regional inclusion and strengthen Africa’s financial autonomy. “We’ve spent years talking about financial inclusion,” Elenjical concludes. “This is where we actually deliver it - in the infrastructure, in the systems and in making payments work for everyone.” *Original Article* - [Financial Fortune](https://www.financialfortunemedia.com/the-silent-transformation-of-cross-border-payments/) --- # NeoXam Announces Partnership with Elenjical to Accelerate Buy-Side and Treasury Technology Adoption in South Africa and the UK Source: https://www.elenjical.com/news/neoxam-announces-partnership-with-elenjical-solutions-to-accelerate-buy-side-and-treasury-technology-adoption-in-south-africa-and-the-uk Published: 2025-11-25 · Author: Elenjical *NeoXam, a global leader in Data Management, Performance Analytics, Portfolio Management, Reporting, and Reconciliation software solutions, today announced its strategic partnership with Elenjical, a pioneering Johannesburg-based financial services technology consulting firm, to strengthen its presence and delivery capabilities across South Africa, the Middle East, and the United Kingdom.* The collaboration aims to support and accelerate financial institutions’ adoption of modern data management and portfolio technologies, build meaningful local partnerships, and strengthen operational efficiency across the region’s financial sector. This strategic alignment represents a natural step forward in expanding NeoXam’s network of trusted local experts and reinforcing its service delivery capacity in key markets. **Combining Global Expertise with Local Delivery** Elenjical is the leading capital markets consultancy in South Africa and a key implementation partner for Murex, a long-standing NeoXam partner. While the collaboration between NeoXam and Elenjical is at an early stage, both firms share a vision of strengthening the region’s access to advanced, integrated technology for data management, portfolio management, and reporting. Under this collaboration, Elenjical will introduce NeoXam’s solutions to its extensive network of financial institutions in South Africa and the UK, supporting the implementation and integration of NeoXam products through local, on-the-ground expertise. The firm will also provide first- and second-level local support for NeoXam clients in the region to ensure efficient delivery and responsive service. In addition, both companies will collaborate on knowledge-sharing and training initiatives to ensure alignment and readiness for joint client engagements in 2026. NeoXam and Elenjical are in the knowledge-sharing phase: NeoXam is training Elenjical consultants on its solutions. Early demonstrations - including a recent presentation of NeoXam Aro - have generated intense interest and enthusiasm. **Expanding NeoXam’s Leadership in the Region** NeoXam already has a strong footprint in South Africa through its market-leading NeoXam Manager solution, which powers portfolio management for a large number of financial institutions [through its partnership with Apex](https://www.neoxam.com/apex-group-renews-partnership-with-neoxam-following-maitland-acquisition/). The collaboration with Elenjical aims to broaden the reach of NeoXam’s other offerings, including DataHub, Impress, and Tracker, across both the South African and UK markets. **Florent Fabre, Chief Executive Officer of NeoXam, commented:**“We are delighted to be working closely with Elenjical as part of our strategy to deepen NeoXam’s presence in South Africa and beyond. The company’s strong regional expertise and reputation for excellence make it an ideal partner to help us better serve our growing client base and deliver even greater value through localised support and implementation.” **Tinu Sabu Elenjical, Chief Executive Officer, Elenjical, added:** “NeoXam’s suite of products is highly complementary to the needs of our clients, and we see enormous potential in helping financial institutions across Africa and the UK harness the full power of NeoXam’s. By combining our local experience with NeoXam’s global technology leadership, we aim to help financial institutions in the region modernise their operations and strengthen their data and portfolio management capabilities.” The immediate focus is on enablement, with ongoing sessions to certify Elenjical consultants on key NeoXam products and delivery methodologies. In parallel, the parties plan a coordinated go‑to‑market programme, including joint market outreach and client workshops commencing in early 2026. Building on these foundations, NeoXam and Elenjical will identify initial pilot engagements where Elenjical provides localised implementation and support in close collaboration with NeoXam. *Original Article - [NeoXam.com](https://www.neoxam.com/neoxam-elenjical-solutions-partnership-south-africa-uk/)* --- # From data to decisions: empowering insurers through data intelligence Source: https://www.elenjical.com/news/empowering-insurers-through-data-intelligence Published: 2025-08-21 · Author: Elenjical *When analysts spend three hours a day manually building Excel reports, something’s gone wrong. Elenjical’s Jade Penning and Bella Berti explain how they helped a major South African insurer embrace automation-transforming fragmented data into fast, decision-ready insight.* Data is the lifeblood of capital markets - but for many buy-side institutions, especially insurers, the journey from data to action remains manual and slow. In one recent project, Elenjical encountered a familiar problem: qualified professionals at a leading South African insurance company were spending up to three hours each morning assembling Excel-based risk and P&L reports. “These were experts whose time should be spent analysing risk, not stitching together spreadsheets,” says Bella Berti, Senior Consultant at Elenjical. “They were doing vital reporting, but the process was slow, inconsistent, and rooted in legacy systems.” What emerged from the project was more than a report - it was a platform: one that replaced flat, tabular outputs with dynamic visualisations, one that aligned trading and risk functions, and one that cut the time spent on daily reporting. The client had approached Elenjical to replace their outdated process with an automated solution, built around existing infrastructure and presented through an intuitive Power BI dashboard. The brief: deliver a consolidated, enterprise-grade view of market, credit, and liquidity risk and P&L-scalable from analyst level to C-suite. But the challenge wasn’t only technical. It was cultural, structural, and tied to how data was handled across the organisation. “We had to understand how the existing reports were built,” says Analyst Jade Penning. “Processes had evolved organically, and some of the original rationale had been lost. Our role was to untangle that complexity and translate it into something cleaner and more robust.” **Why insurers struggle with reporting** The insurance industry sits at the intersection of long-term investment and short-term risk sensitivity. Unlike many sell-side institutions, insurers often operate with lean teams and legacy-heavy infrastructure-factors that hinder digital transformation. “Manual reporting is still extremely common,” says Berti. “Even when the appetite for automation exists, teams are stretched. They don’t have the bandwidth to step back and rearchitect their reporting approach-so the status quo continues.” This is where external expertise becomes critical. Elenjical’s role was not only to build a dashboard, but to create a long-term, scalable data model that brought coherence across departments and surfaced insight teams did not have before. “Using Python and SQL, we extracted and transformed data from multiple sources to create a clean, structured model behind the scenes,” says Penning. “With the right data foundation in place, we were able to fully leverage Power BI’s capabilities-delivering fast, meaningful insight through a dynamic and intuitive front-end.” **Why one source of truth matters** A core issue was the absence of a unified data source. Different teams were pulling from different systems, leading to discrepancies in reported figures. “One team would show a certain exposure,” says Berti, “but another would have something different-because they were referencing different versions of the same data.” To solve this, Elenjical built a centralised data model to serve all relevant departments. That meant deep stakeholder engagement, careful architectural planning, and a forward-thinking approach to scalability. “You can’t build a model for just five users and expect it to scale,” says Penning. “We designed it so future teams could plug in without starting from scratch.” The project ran over six months from start to finish, reflecting the complexity of the challenge and the ambition of the solution. The result: a report that runs automatically each morning, accessible across the business, and flexible enough to evolve. **Dispelling the Power BI myth** One takeaway from the project was how misleading BI tool marketing can be. “There’s a perception that Power BI is user-friendly out of the box,” Berti notes. “But when you’re dealing with capital markets data-complex, multi-dimensional, and high-stakes-you need specialists.” Insurers, in particular, must balance actuarial insight, investment strategy, compliance, and internal risk frameworks. A simple drag-and-drop solution won’t suffice. “Without the right data structure underneath,” says Penning, “the front-end is meaningless. Once we restructured the model, the visualisation came to life-teams could compare data points they’d never seen side by side before.” **The ROI of automation** The transformation wasn’t only technical or visual. The time savings were immediate: reports that once took three hours now appear each morning. That time gets reinvested into analysis and decision-making. “This is the real value,” says Berti. “You’re not just speeding up reporting. You’re giving your smartest people more time to think.” **A message to the industry** Manual reporting isn’t only inefficient-it’s a waste of talent. And for insurers, the opportunity cost of delaying investment in data intelligence keeps growing. “Every firm should have a five- to ten-year data strategy,” says Berti. “Whether you take it department by department or tackle it company-wide, the key is to build solid architecture and commit to change.” In a world of escalating regulatory pressure and exploding data volumes, that change is no longer optional. Automation isn’t only about efficiency-it’s about enabling better decisions, faster. At Elenjical, that’s what data intelligence means. Original Article posted: [AfricaBusinessOnline](https://businessafricaonline.com/from-data-to-decisions-empowering-insurers-through-data-intelligence/) & [Financial Fortune](https://www.financialfortunemedia.com/from-data-to-decisions-empowering-insurers-through-data-intelligence/) --- # Retention done right: What every HR leader can learn from Elenjical Source: https://www.elenjical.com/news/what-every-hr-leader-can-learn-from-elenjical-solutions Published: 2025-07-28 · Author: Elenjical *With a 91% employee retention rate, Elenjical is challenging industry norms and showing that long-term loyalty comes from culture, not just compensation.* In an era where high turnover has become the norm, achieving long-term employee retention is both a business imperative and a strategic differentiator. Across industries, HR leaders face a growing talent crisis: skilled employees leave faster than companies can replace them. At Elenjical, that trend has been defied, with a 91% retention rate in the competitive world of fintech consulting. That success hasn’t come from offering higher salaries or more benefits. It’s the result of building something deeper: a culture of purpose, connection, and care. “We believe that people stay where they feel they belong,” says Kerisha Govender, Head of People at Elenjical. “That belief informs every aspect of how we work-from recruitment and onboarding to how we develop and support our teams.” The culture at Elenjical is built on values, not vanity metrics. While the company offers competitive compensation and hybrid work flexibility, Govender notes that the real reason people stay isn’t the perks-it’s because they feel seen, trusted, and empowered to grow. One of the clearest expressions of that philosophy is the story of Gabriel Mougoue, Elenjical’s very first employee. Gabriel met CEO Tinu Elenjical back in November 2014 while presenting his university project. At the time, he was studying electrical engineering and had no experience in capital markets. But Tinu saw potential and offered him the chance to join a brand-new company. What followed was a journey of transformation. Gabriel started by doing overnight support for clients. Over time, he moved into more complex roles, became a specialist in reporting, and today serves as a senior Murex consultant. He also trains new graduates-paying forward the same belief and investment that helped him succeed. “For Gabriel, Elenjical was more than an employer,” Govender says. “It was a place where he was trusted, challenged, and given space to grow.” That story is not unique within the company. It reflects a deliberate strategy to create long-term value for people, not just short-term performance. Elenjical views its team as individuals, not resources. That’s why it invests heavily in onboarding and upskilling, providing structured career pathing and technical development that continues well beyond the first year. The company also takes mental well-being seriously. Wellness programmes, mental health support, and an inclusive team culture all contribute to a sense of safety and belonging. The leadership team plays a vital role in this ecosystem. “We don’t just manage people-we mentor them,” Govender explains. “We take the time to know each employee, understand their strengths, and support their aspirations. Recognition is part of our rhythm, not just a quarterly initiative. And when someone struggles, we don’t retreat-we step in.” As a company that started with a single hire, Elenjical has understood the value of every individual from day one. That mindset has allowed the team to grow with intention, attracting people who want more than just a payslip. They want purpose. They want stability. And they want to be part of something that is evolving and meaningful. Employee retention matters not just because it reduces hiring costs or maintains institutional knowledge, but because it reflects the emotional heartbeat of a company. “When people stay, it’s because they feel part of the story being written,” says Govender. “And when people leave, it often signals that something is misaligned. That’s why we pay close attention not just to the numbers, but to the stories behind them.” The lesson for HR leaders is clear: retention is not a metric to manage-it’s a culture to nurture. The war for talent will not be won through incentives alone. It will be won by creating environments where people are supported, developed, and genuinely valued. “We don’t pretend to have it all figured out,” Govender concludes. “But we do know this-when people are empowered to bring their whole selves to work, when they are given room to grow and reasons to care, they tend to stay. And in today’s climate, that might just be the most powerful strategy of all.” *Original article posted in* [TopAfricaNews](https://www.topafricanews.com/2025/07/21/retention-done-right-what-every-hr-leader-can-learn-from-elenjical-solutions/#:~:text=Retention%20done%20right%3A%20What%20every%20HR%20leader%20can%20learn%20from%20Elenjical%20Solutions,-3%20days%20ago&text=With%20a%2091%25%20employee%20retention,from%20culture%2C%20not%20just%20compensation.) --- # Huawei partners with Elenjical to drive digital financial services across Africa Source: https://www.elenjical.com/news/huawei-partners-with-elenjical-solutions Published: 2025-06-20 · Author: Elenjical *Leading South African consultancy adds deep financial systems expertise to Huawei's growing cloud infrastructure network, helping to support the transformation to digital financial services across the continent.* Elenjical, the Johannesburg-based financial services technology consultancy, announces a strategic partnership with Huawei Cloud to enable cloud adoption and support digital growth for financial institutions across the broader African region. The partnership combines Huawei Cloud’s expanding local infrastructure with Elenjical’s specialist experience in migrating, implementing and managing complex financial systems. Together, the two companies aim to remove critical barriers - such as compliance, cost and infrastructure complexity - that often hold institutions back from adopting cloud technology. **‘Powerful and practical solution’** “Financial institutions across Africa are under growing pressure to modernise, but infrastructure limitations, compliance complexity and operational risk make that journey challenging,” says Tinu Elenjical, Founder and CEO of Elenjical. “Our partnership with Huawei Cloud enables us to offer a powerful and practical solution - combining world-class infrastructure with specialist migration expertise. We’re not just moving systems to the cloud; we’re helping clients reimagine what’s possible with resilient, future-ready architecture that’s aligned with local realities and regulatory needs.” Huawei Cloud has made significant investments to establish multiple cloud regions and edge locations across Africa, with a focus on supporting the broader region. This local footprint helps clients meet in-country data residency requirements and reduce latency - critical for institutions operating regulated and time-sensitive platforms. **Eliminating migration downtime** Through this partnership, Elenjical will handle the hands-on technical implementation for institutions migrating from on-premise systems to Huawei Cloud. This includes complex platforms such as trading engines, risk management systems and treasury applications - systems that can’t afford downtime during migration. “Our role is to make these transitions smooth, secure and fully compliant - especially when it comes to multi-tiered complex systems,” says Colyn van Zyl, Cloud Executive at Elenjical. “This partnership allows us to bring proven implementation expertise into a cloud environment tailored to African institutions. It’s about minimising risk while unlocking real digital progress.” The partnership fits into Huawei Cloud’s wider strategy of building strong partner networks in growth markets. With 33 global regions, 93 availability zones, and more than $100 billion in R&D investment over the past decade, Huawei Cloud continues to expand its operations across Africa. “Elenjical brings exactly the kind of sector expertise we need to grow and serve financial services clients across Africa,” says Steven Chen, Managing Director of Huawei Cloud South Africa “It understands these systems inside and out, and that knowledge - combined with our infrastructure - means clients can move forward with confidence.” The partnership meets a growing need in the market: helping financial institutions across Africa modernise critical systems without adding complexity or risk. With infrastructure already in place and a clear track record in delivering large-scale implementations, Elenjical and Huawei Cloud are well placed to support the next phase of digital progress in the region *Original Article posted in African Eye Report: [https://africaneyereport.com/huawei-partners-elenjical-solutions-to-drive-digital-financial-services-across-africa/](https://africaneyereport.com/huawei-partners-elenjical-solutions-to-drive-digital-financial-services-across-africa/)* --- # The illusion of control: Why modern risk management means letting go Source: https://www.elenjical.com/news/the-illusion-of-control-why-modern-risk-management-means-letting-go Published: 2025-05-20 · Author: Elenjical *A recent upgrade at one of Europe’s largest banks offers a rare, inside view of how risk is managed in practice. Elenjical’s FinTech expert, Robert Cronje, sheds light on what effective risk management looks like when systems shift and money is on the line.* In modern finance, risk is something to be monitored, measured, and reported with precision. Every system upgrade, every regulatory dashboard, every recalibration of an internal model is designed to reinforce the sense that risk is being tamed - that with the right technology and enough oversight, control is guaranteed. But step inside a real-world system change, and that illusion begins to break down. Earlier this year, one of Spain’s largest banks attempted a major upgrade of its Murex platform - the critical infrastructure underpinning its trading operations, risk calculations, and reporting capabilities. The upgrade saw the bank jump from version 41 to version 60. On paper, it was a planned, structured move. In practice, it was a moment of extreme vulnerability. That’s where Elenjical came in - a long-time Murex partner, brought in to lead the Market Risk component of the transition. T**he weekend window: where risk gets real** “For a bank, Monday morning is non-negotiable,” says Robert Cronje, Senior Consultant at Elenjical. “Traders need to log in. Positions need to load. Reports need to run. If the system isn’t ready, the bank starts losing money immediately.” That urgency defines the upgrade window: a few hours between Friday evening and Monday morning to tear out and replace the engine of a multi-jurisdictional trading platform. Planning helps - but no test environment can simulate everything. And the closer the system is to live, the less predictable it becomes. “I’ve worked on upgrades remotely,” Cronje continues, “but this was my first time on-site. You hear the tone in people’s voices, the pressure. You realise how quickly the stakes shift. Something that’s theoretical at 10am can become critical by 3pm.” **When the map doesn’t match the terrain** Even with regression packs, automated testing, and an experienced team, the upgrade surfaced unexpected issues. Some were tied to real-world production use cases - the kind that never show up in planning documents. Others emerged from the complexity of the Market Risk module itself, which had undergone major changes to its scenario handling functionality. “The new scenario dashboards offer powerful features,” says Cronje. “They’re more flexible, more auditable, and much easier to work with. But they also assume a deep familiarity. If you don’t fully understand the mechanics, you can misinterpret outputs - or trust results that aren’t quite right.” This is where Elenjical’s real value was felt - not in delivering perfect certainty, but in being able to move fast, recognise what mattered, and fix issues before they spread. That kind of judgement isn’t built into the software. It comes from experience - and from being close enough to the problem to feel it shift. **Risk can’t be eliminated - but it can be understood** The upgrade in Spain was a success. The bank gained access to new features, saw performance improvements, and made a clean transition to a future-ready platform. But it also exposed a deeper truth about risk in financial systems: no one knows it completely, and it does not stay still. “The project teams often assume a system is being used one way,” says Robert. “But when you’re there in person, you see that usage is more dynamic - more human - than the design anticipates. That’s when risk emerges. Not because something failed, but because something was misunderstood.” **Why the best control is knowing when to let go** In banking today, the most dangerous risk is often the one you didn’t know you were running. And that makes the illusion of control more dangerous than risk itself. What Elenjical brought to the upgrade wasn’t perfect foresight. It was real-time fluency - the ability to interpret, respond, and guide a system back to coherence even when the original plan no longer applies. That’s the new model of risk management: not a fortress, but a flexible framework. Not the pretence of certainty, but the clarity to act when certainty disappears. Because in the end, risk will always be there. The question is: when it arrives, who do you want in the room? *Original Article placed in Bizmag* [https://bizmag.co.za/modern-risk-management-illusion-of-control/](https://bizmag.co.za/modern-risk-management-illusion-of-control/) --- # Elenjical’ rapid growth recognised by both the Financial Times and News24 Source: https://www.elenjical.com/news/elenjical-solutions-rapid-growth-recognised-by-both-the-financial-times-and-news24 Published: 2025-05-16 · Author: Elenjical *Elenjical has been recognised as being among Africa’s fastest-growing businesses. It has been placed on the Financial Times list for the second consecutive year, and debuts on News24’s South Africa’s Fastest Growing Companies report.* Elenjical, a specialist financial IT consultancy, ranked 71st overall in the [2025 Financial Times list of Africa’s Fastest Growing Companies](https://www.ft.com/content/1cae5285-ed13-47f4-ab24-81f58b535c07), and was one of only 21 companies continent-wide to feature in the IT & Software category, where it placed in the top 10. The FT ranking, developed in partnership with respected research firm Statista, identifies companies achieving the highest compound annual growth rate (CAGR) in revenue since 2019-spotlighting those thriving despite macroeconomic headwinds. “Making this list once is an honour. Making it two years in a row is proof that we are doing something fundamentally right,” says Tinu Elenjical, founder and CEO of Elenjical. “It shows that we’ve built a business model with sustainable growth - one that combines deep technical capability with long-term partnerships. It also offers us a real opportunity to help develop Africa’s fintech infrastructure: clients trust us to solve hard problems, and it’s that trust that is powering our momentum.” In a further milestone, Elenjical has also earned a place in [News24’s first-ever ranking of South Africa’s Fastest Growing Companies](https://public.flourish.studio/visualisation/22315135/?utm_source=embed&utm_campaign=visualisation/22315135). The company placed 25th overall among 50 businesses from across the South African economy, based on verified financial data. The list aims to highlight firms with exceptional growth trajectories and resilient business models. “These recognitions matter because they’re grounded in data,” adds Elenjical. “In a sector often full of hype, being able to demonstrate verified, consistent, primarily organic growth sends a powerful signal - to our clients, our partners and the market as a whole.” Founded over a decade ago, Elenjical has established itself as a leading force in African capital markets technology - delivering specialist Murex consultancy, custom digital tooling, and AI-powered solutions that enable financial institutions to modernise and scale. The company has grown its workforce by over 200% in the past three years, expanded internationally and continues to support financial clients on their own transformation journeys. With a track record of solving complex challenges in banking, capital markets, and risk management, Elenjical is helping institutions across Africa and beyond build smarter, faster and more resilient financial systems. --- # How AI could unlock financial services for millions of South Africans? Source: https://www.elenjical.com/news/how-ai-could-unlock-financial-services Published: 2025-04-30 · Author: Elenjical *AI could hold the key to financial inclusion in South Africa - unlocking access, trust, and opportunity for millions still outside the formal banking system* South Africa has one of Africa’s most sophisticated financial economies, yet a troubling reality persists beneath the fintech shine. Around 11 million adults remain disconnected from reliable credit, savings options, or formal banking, according to University of Stellenbosch Business School research. Meanwhile, mobile phone ownership has reached 92% across the country. This contrast presents a compelling opportunity: where brick-and-mortar banking infrastructure has fallen short, digital technology might succeed. We’re already seeing AI-powered tools make headway in financial inclusion across emerging markets. Take the Middle East, where mobile AI platforms now connect people with microloans and help them navigate financial services digitally. Could South Africa follow suit? **Breaking new ground with AI and alternative data** McKinsey & Company research points to an exciting possibility: AI systems that can independently assess creditworthiness and negotiate loan terms on the spot. What makes this approach revolutionary is how these systems can evaluate non-traditional financial indicators-mobile payment patterns, airtime usage, and informal saving habits-where conventional credit scoring models don’t work. “AI has the potential to fundamentally reshape lending models,” explains Tertius De Bruin, Consultant at Johannesburg-based fintech consultancy Elenjical. “It can bring visibility to communities and individuals who have historically been left out of formal finance-not because of risk, but because of limited data.” This capability could transform lives - from small business owners in Khayelitsha township to farmers in rural Limpopo - without the barriers of physical bank visits or complicated paperwork. AI’s impact extends beyond lending. It can make financial information more accessible, deliver personalised financial education, and help develop digital products suited to local realities-where smartphone access is common but financial literacy often isn’t. “There’s a growing awareness that AI needs to be both powerful and responsible,” De Bruin notes. “Especially in a country like South Africa, where financial systems carry a legacy of exclusion. The technology must adapt to the people-not the other way around.” **Homegrown innovation with global potential** The South African fintech sector is buzzing with activity. Companies like Elenjical are putting AI at the heart of their development strategy. Known for their expertise in capital markets technology and integration with platforms like Murex, they’re investing in AI solutions built for financial institutions. While Elenjical has already developed AI tools, they’re now focusing on practical, market-ready applications. Their AI-assisted SQL query tool helps developers create more efficient statements, whilst their AI log querying assistant interprets system logs and suggest fixes based on technical documentation-particularly valuable in complex banking environments. “These aren’t speculative R&D projects,” De Bruin emphasises. “They’re aimed at solving real-world pain points for our clients and improving the efficiency of our own teams. We’re combining local understanding with world-class capability.” **Banking the unbanked-a distinctly African approach** Financial exclusion won’t disappear overnight, but the way forward is becoming clearer. Picture a pilot programme where AI agents underwrite microloans for thousands of previously unbanked South Africans. By monitoring repayment patterns over time, these initiatives could build new trust models between lenders and borrowers-without depending on traditional financial histories. Those outside the banking system don’t need charity-they need tools that recognise their unique circumstances, engage them meaningfully, and work for them. AI, designed thoughtfully and expertly, can deliver exactly that. Combined with deep industry knowledge-as in Elenjical’s specialised innovations-it becomes more than technology. It becomes essential infrastructure. “We’re at a pivotal moment,” says De Bruin. “South Africa’s fintech ecosystem is bursting with talent and ideas. The challenge now is to turn that potential into measurable impact-for the entrepreneur in Soweto, the smallholder in the Eastern Cape, or the student in Durban building credit for the first time.” AI’s promise here isn’t replacing people, it’s reaching the people the current system leaves out, and closing a gap that should never have existed in the first place. *Article originally published* [*Top Africa News*](http://topafricanews.com/2025/04/28/how-ai-could-unlock-financial-services-for-millions-of-south-africans/#:~:text=Picture%20a%20pilot%20programme%20where,depending%20on%20traditional%20financial%20histories.) --- # ZARONIA takes over Source: https://www.elenjical.com/news/inside-south-africas-biggest-financial-overhaul Published: 2025-04-17 · Author: Elenjical *JIBAR’s days are numbered. By 2026, South Africa’s financial institutions must adopt ZARONIA, a shift that will fundamentally reshape how benchmark interest rates are determined in South Africa.* For decades, JIBAR has been the benchmark interest rate of South Africa’s financial system, used to price everything from loans to derivatives. But it is flawed. Like LIBOR before it, JIBAR is based on quotes from traders rather than real transactions. That makes it vulnerable to manipulation. Global regulators have been dismantling such systems for years, and now it is South Africa’s turn. Enter ZARONIA, a benchmark derived from actual overnight transactions - more transparent, more reliable, and, as of the end of 2026, non-negotiable. **Rewriting the rules** Switching from JIBAR to ZARONIA is no simple swap. “This isn’t just a technical adjustment,” says Walter Böhmer, Principal Consultant at Elenjical. “It’s a complete overhaul of how financial institutions calculate, manage, and book interest-bearing instruments.” The shift from a forward-looking rate to a backward-looking, compounded one requires financial models to be reengineered. Risk management frameworks need to be adjusted. IT systems must be updated or reconfigured. And at every step, liquidity challenges lurk. The impact on trading desks has been significant. “Traders are used to managing their portfolios based on fixed term interest rates,” Böhmer explains. “ZARONIA doesn’t work that way - it’s based on compounded overnight rates - real market data that firms only see in retrospect.” That means a fundamental shift in how banks approach pricing, hedging, and portfolio valuation. **The roadblocks** Though the industry had braced for it, the Elenjical team observed significant challenges during the transition. One unexpected issue? Market divergence from expected spreads. “In the case of LIBOR and international alternative reference rates, the market drifted away from the published ISDA fallback spread,” says Böhmer. “As a result, rates did not adjust uniformly, leading to discrepancies that required ongoing monitoring.” Beyond technical hurdles, liquidity remains a concern. As JIBAR-linked instruments are phased out, market depth will shift, and pricing and execution could see short-term disruptions. Operational complexity has proven a major challenge too. Many legacy systems were not designed for compounded overnight rates, requiring extensive reconfiguration of trade valuation models, booking processes, and risk reporting frameworks. “Firms that underestimate the scale of this transition risk increased volatility and pricing mismatches,” Böhmer notes. **** **The lessons are clear** For the wider industry, the lessons are clear: firms that approach this transition early - by integrating solid risk models, retraining teams, and upgrading legacy systems - will be best positioned for the post-JIBAR era. “We’ve seen that those who prepare early avoid costly last-minute adjustments,” Böhmer notes. “The transition isn’t just about compliance - it’s about future-proofing your business.” With the 2026 deadline fast approaching, South Africa’s financial sector is at a turning point. Lessons from similar transitions in the US and Europe suggest that early adoption is key. “Firms that delay this process risk major disruptions,” warns Böhmer. “JIBAR will be gone. The time to prepare is now.” For South Africa’s banks, corporates and investors, ZARONIA changes how the business gets done, and firms that don’t adapt their systems and models now will be scrambling once JIBAR is gone. *Article originally published in Business Brief Printed April Edition* --- # ISO 20022 - Setting new standards for payments Source: https://www.elenjical.com/news/iso-20022 Published: 2025-03-01 · Author: Elenjical *As payment systems worldwide transition to ISO 20022, financial institutions face opportunities and challenges.* **A new standard for growth: How ISO 20022 will redefine South Africa’s payment frontier** **As payment systems worldwide transition to ISO 20022, financial institutions in South Africa find themselves facing both opportunities and challenges. With a focus on compliance, data analytics, and strategic consulting, Elenjical works with clients to help them adapt to this global standard. Here, its experts analyse how ISO 20022 is charting a new course for the fintech industry.** ![](/api/media/media/Picture1-1-300x94.jpg) As South Africa’s fintech ecosystem evolves, payment systems are undergoing a transformative overhaul in line with global trends. Banks, businesses and individuals all want payments that are as secure and instant as the rest of their digital lives. This is a here-and-now challenge - as South Africa’s economy becomes more digital and interconnected, the payment sector must juggle the limitations of legacy systems, embrace innovation and adapt to a new era defined by ISO 20022. ISO 20022 - a global messaging standard designed to enrich financial communications - promises to make South Africa’s payment systems smarter, faster and more secure. With a transition deadline of November 2025, South African institutions face a fixed timeline for adopting this new international compliance standard. As Elenjical’s experts explain, the change is not without its challenges. The journey to effective adoption of ISO 20022 requires balancing cost, technological adaptation and workforce readiness - all while promising rewards that will redefine financial services for years to come. **The power of standardisation** “The ISO 20022 transition is a chance to streamline South Africa’s payment systems with the scalability and versatility needed to thrive in a globalised economy,” says Michael Eagleton, Executive at Elenjical (ES). “By moving away from the outdated SWIFT MT messaging format, ISO 20022 introduces XML, a standardised, extensible format that enables richer and more detailed transaction data. This enriched data facilitates a deeper understanding of each transaction, enhancing the ability of financial institutions to detect fraud, improve transparency, and meet regulatory requirements.” The new format not only increases data richness but also paves the way for improved interoperability, a feature critical in a market that relies on cross-border transactions. With ISO 20022, transactions between different financial institutions-and even those spanning different continents - will flow with unprecedented clarity and speed, minimising the manual interventions that often cause delays and operational risks. For South Africa’s financial institutions, this shift will not only modernise operations but also reinforce the country’s position as the leading regional financial hub. **Bespoke personalised finance** Perhaps the greatest potential of ISO 20022 lies in its compatibility with advanced technologies, such as artificial intelligence and machine learning. South African financial institutions have a unique opportunity to use these tools to improve services and the customer experience. As institutions feed the richer ISO 20022 data into AI-driven systems, they open up new possibilities, from personalised banking services to advanced fraud detection. “Consider, for example, the potential for banks to use AI algorithms to analyse transaction patterns,” points out Lakshmi Nair, a Principal Consultant at ES. “With ISO 20022’s detailed data, AI systems can detect subtle anomalies, flagging suspicious transactions in real time. Beyond security, this wealth of data will allow banks to create bespoke services tailored to customer preferences, such as customised financial products or loyalty programmes. In this way, South African fintech firms can turn the global standards shift into a customer-focused innovation push, differentiating their offerings in an increasingly competitive market.” The standardisation that ISO 20022 brings will facilitate real-time payments through automation, enabling near-instant transactions that require minimal human intervention. This capability is transformative for both businesses and consumers in South Africa, where the demand for secure and rapid transactions is high. Through Straight-Through Processing (STP), financial institutions can eliminate bottlenecks, cutting the time and risk associated with current manual processes. Interoperability also takes a leap forward with ISO 20022, as financial institutions share transaction data with a new level of precision. This standardisation simplifies the process, creating a fluid experience even for cross-border payments - a key advantage for South Africa, where global trade and remittances play a vital role in the economy. **No one said it was going to be easy…** Every evolution comes with hurdles. Whether implementing ISO 20022 or adapting existing SWIFT MT systems, it demands a significant investment in both financial and human resources. South Africa’s financial institutions face the complex task of upgrading legacy systems, training new and upskilling existing employees, and conducting extensive testing to ensure compatibility. The challenge of managing dual systems during the transition period - SWIFT MT and ISO 20022 - can create interim inefficiencies and increased operational complexity. Prosper Mubhau, Murex BO Consultant at ES, says: “Adopting the new global standard requires banks and fintech firms to navigate both technical and operational changes. At Elenjical, we are already making this transition seamless, ensuring the process is as straightforward as possible and helping clients confidently embrace the transformation,” he adds. **Future-ready finance** With ISO 20022, South Africa’s financial sector is entering a new era in payments. Embracing its benefits will set the stage for a payment ecosystem that is extensible, efficient and aligned with international standards and best practices. South Africa’s fintech industry is keeping pace with the global transition, and in places helping set the standard for it. *Article originally published in [BusinessBrief February/March 2025 edition](https://www.bbrief.co.za/businessbrief-february-march-2025/), p70-71* --- # Who runs the world? Girls! Source: https://www.elenjical.com/news/who-runs-the-world-girls Published: 2024-09-12 · Author: Elenjical *Who runs the world? Girls! Explore how women are leading revolutions, inspiring change, and shaping a better tomorrow.* In the high-stakes world of business, where boardrooms are still often dominated by men, navigating a fintech career can be daunting for women. Despite these challenges, companies like Elenjical are leading the way with modern approaches to diversity and inclusion. **Coming out of the shell** | The tech industry can be daunting, but for Palesa Mokone, it became the stage for her most significant transformation. Encouraged by her father to pursue a tech career, Mokone chose to study computer science and mathematics - a decision that set her on a path to joining [Elenjical](https://www.elenjicalsolutions.com/) in 2022. In just one year, the once shy and reserved graduate found both her voice and her calling within the supportive environment of the company. | ![](/api/media/media/Palesa-Mokone_ES-150x150.jpg) | | --- | --- | “When I first joined Elenjical, I was very shy. But interacting with the team and realising that they genuinely believed in me and encouraged my growth helped me come out of my shell.” Starting as a Junior Murex Analyst, Mokone quickly realised that her greatest strength lay in the technical side of her work. She was given the opportunity to work in the infrastructure and environment team, a space where her passion for technology flourished. Within a year, she advanced to the role of Murex Analyst, and now Mokone has further progressed to a Murex Consultant position, where she is poised to pursue leadership development both for herself and within the company. **** **Breaking barriers** | ![](/api/media/media/Jenni-Square-150x150.jpg) | “At Elenjical, it’s all about equal opportunities,” says Jenni De Bruin, a longtime employee who has been with the company for seven of its ten years in existence. “From day one, I felt I was given the same chances as any of my male colleagues. That’s not something you find in every company.” | | --- | --- | When De Bruin first joined Elenjical, she was one of only two women on her team. Her journey from a junior [Murex](https://www.elenjicalsolutions.com/elenjical-solutions-pioneers-murexs-mxopenconnect-development-framework/) analyst to a key figure in client management illustrates the growing influence of women at the firm. As a Murex analyst, she embraced the challenges of a demanding role head-on, supported by a company culture that nurtured her potential. After several years of growth, De Bruin felt the need for a change and expressed her ambitions to the CEO, Tinu Elenjical. Rather than letting her potential go unfulfilled, the company created a role perfectly suited to her evolving strengths. Now, De Bruin is thriving as a Client and Partner Relationship Manager - a position that allows her to continue contributing to the company’s success while advancing her career. **A culture of empowerment and inclusion** | Kerisha Govender, Head of People, further embodies Elenjical’ ethos of growth and inclusivity. She joined Elenjical three years ago with extensive senior experience yet carried the scars of navigating male-dominated industries. “It wasn’t easy. I had to constantly prove myself in environments where I was often the youngest or the only woman,” she recalls. But at Elenjical, she found a refreshing change. “Here, it’s a completely different environment. It’s a safe space for everyone, not just women,” Govender says. | ![](/api/media/media/Kerishah-Govender--150x150.jpg) | | --- | --- | Her leadership has been instrumental in shaping a culture of collaboration and support at Elenjical, where merit-based development and equal opportunities are the foundation. It’s embedded in the everyday work culture, where employees are encouraged to grow and succeed regardless of gender. Social initiatives, such as the annual Ladies’ Lunch and regular family days, are also part of this culture, offering employees opportunities to connect, share experiences, and build friendships along the way. These events, while important, are one piece of how Elenjical builds a real sense of community for all its people. **A vision for the future** The tech industry in South Africa is undergoing a visible transformation, and one of the most impactful changes has been the adoption of hybrid work models, accelerated by the global shift to remote work. This evolution has been especially good for women balancing careers with motherhood. At Elenjical, that future is already taking shape. With a focus on empowering women, building collaboration, and creating a supportive work environment, the company is showing the rest of the industry what’s possible. As proven by the journeys of the ladies at Elenjical, when women are offered the tools they need to succeed, they truly do run the world - and the tech world is no exception. “Progress isn’t just about how fast we move; it’s about the lasting impact we create,” says Tinu Elenjical, Founder and CEO. “By making diversity a core value, we’re ensuring that the future of tech, especially in South Africa, is shaped by everyone and for everyone.” --- # Elenjical named among Africa’s fastest growing companies Source: https://www.elenjical.com/news/elenjical-solutions-named-among-africas-fastest-growing-companies Published: 2024-05-14 · Author: Elenjical *Elenjical has been named to the Financial Times list of Africa’s fastest growing companies, ranking among the top 10 in the IT & Software subcategory.* Elenjical, the Johannesburg headquartered financial IT services consultancy, has been ranked on the ***Financial Times list of Africa’s Fastest Growing Companies 2024***. This research identifies the top performers, measured in terms of revenue growth since 2019. The list is compiled for the Financial Times by research firm Statista Inc. Not only is [Elenjical](https://www.elenjicalsolutions.com/) among Africa’s 100 fastest growing companies, but it is also one of the top 10 fastest-growing companies in the IT & Software subcategory. “We’re pleased to have been included by the FT as among Africa’s fastest growing companies” says Tinu Elenjical, founder and CEO. “But we haven’t achieved this on our own. Over a decade, with the invaluable support of customers and key partners, such as Murex, we have moved consistently to the forefront of financial IT consultancy in Africa and beyond. Being named among the Financial Times Africa’s Fastest Growing Companies ranking demonstrates our ability to compete globally while making a positive impact locally. Through our initiatives, we are shaping the future of fintech in Africa, while fostering inclusivity and empowering individuals to thrive in the industry,” he said. The ranking, now in its third year, highlights how companies across a broad spectrum, including fintech, energy, healthcare, and agriculture, continued to expand their operations, even during the turbulent time of the Covid-19 and post-Covid eras. Despite these challenges, Elenjical’s workforce grew by 200%. It also expanded into the Turkish market, and as Murex’s principal partner, has continued to bring new services to Africa’s financial sector. Elenjical has also developed in-house AI-powered applications that are set to transform the way fintech businesses interact with their data. These achievements are part of the backstory driving the company’s strong growth. The full list of Africa’s fastest growing companies 2024 can be seen by clicking [here.](https://www.ft.com/content/a1bc5d2e-046e-499b-b27e-4d057f9d8477) --- # Elenjical pioneers Murex’s MXopenconnect development framework Source: https://www.elenjical.com/news/elenjical-solutions-pioneers-murexs-mxopenconnect-development-framework Published: 2024-04-29 · Author: Elenjical *Discover how Elenjical is leading the way in Murex’s MXopenconnect framework development, changing how financial firms handle systems integration.* MXopenconnect is a new developmental framework being offered by French financial software company Murex that allows development and hosting of complex interfaces to be created using Java. A team of specialists at Elenjical has completed a rigorous three-month training conducted by Murex, which has honed their proficiency in the MXopenconnect platform. The Johannesburg consultancy is now poised to offer development services using this new approach to new and existing customers worldwide. **What is MXopenconnect?** MXopenconnect is both a development and runtime framework based on the industry standard Apache Camel, which allows the development and hosting of interfaces in Java. It provides a rich library of connectivity endpoints, extensive coverage of integration patterns, and a structured approach to building interface routes in and out of MX.3. It complements the MxMLExchange framework by providing IT operators with full programmatic experience in developing simple to complex interfaces. “MXopenconnect is a game-changer for businesses looking to elevate their financial systems integration,” says Tinu Elenjical, Founder and Managing Director of Elenjical. “Our clients can now leverage our specialised skill set to create highly sophisticated, custom interfaces with unprecedented efficiency. This not only reduces costs but also enhances the ability to perform complex tasks with the high-quality output customers expect.” Using Java, MXopenconnect provides a streamlined approach to developing advanced interfaces. It lets developers build sophisticated interfaces faster than MxMLExchange requires. MXopenconnect also ensures superior code management and traceability: it logs each amendment, giving teams an audit trail for precision and accountability. “MXopenconnect is poised to redefine how financial institutions perceive and execute system integration,” added Tinu Elenjical. “Elenjical is not just providing a service; we are offering a standout solution that will shape the future of financial operations in South Africa.” To learn more about Murex’s new service in South Africa, contact Elenjical at [https://www.elenjicalsolutions.com/](https://www.elenjicalsolutions.com/) --- # Elenjical develops A.I. powered fintech apps Source: https://www.elenjical.com/news/elenjical-solutions-develops-a-i-powered-fintech-apps Published: 2024-02-07 · Author: Elenjical *Learn how Elenjical is shaping the fintech industry with its advanced AI-powered app development for smarter financial services.* South African financial IT consultancy [Elenjical](https://www.elenjicalsolutions.com/) has developed three machine learning applications that use artificial intelligence to marshal large and diverse amounts of stored information from multiple sources as well as generating proprietary code from natural language inputs to interact with complex systems and data sources “Our goal is to reshape the traditional way our clients interact with data,” says Bereket Demeke, ES’s Executive. “In the complex landscape of financial markets our new apps are not just tools - they are methods enabling clients who work in fintech sector to engage with their data effortlessly,” he explains. **Three pillars of innovation** Elenjical’s applications are designed to provide a cohesive, unified method for sourcing and synthesising information across financial companies’ complex channels. They promise substantial time savings by cutting the hours spent on repetitive tasks, increasing automation, and moving businesses towards greater operational efficiency and smarter resource management. In particular, Elenjical’s *Information Retrieval App* transforms access to internal knowledge bases, including SharePoint and Confluence libraries. Operating with a conversational AI interface, it lets company employees work with information faster. The app also reads and extracts insights from various document formats such as PDFs, PowerPoints, and Word documents, giving fast access to the data teams need. “Unlike generic AI models, such as Chat GPT, our app understands domain specific information such as financial markets and capital markets technologies. That’s making it a must-have tool for financial professionals,” says Siju Mammen, technology lead at the Elenjical. *Natural Language to Proprietary Code App* targets the generation of proprietary code from natural language. The first use case of this application was tested for generation of the Murex MSL code. It gives developers a real head start in coding for specialised financial applications. This marks the first version of the app, currently requiring a developer to operationalise the code. In upcoming editions, Elenjical aims to evolve it into an agent model, enabling it to independently deploy, run, and test the code. *Natural Language to SQL App* transforms natural language queries into SQL valid for a given database schema. It’s designed to handle structured data queries in complex financial databases. Where the Information Retrieval App deals with unstructured data like meeting notes or PDF documents, this application focuses on structured data already stored in a system, letting more people query it directly without writing SQL themselves. **A vision for the future** The company is testing and improving these applications internally, and has started an AI consulting practice to bring these services to market. The strategy pairs technological innovation with sector-specific expertise, aimed at building AI capability the financial sector can use. “We are merging our deep understanding of financial markets with AI to create better-performing, niche services. Our aim is to be at the forefront of AI integration in the financial sector, offering something truly unique”, says ES’s founder and CEO, Tinu Elenjical. --- # Elenjical recently marked a milestone - a decade in the business! 🎉 Source: https://www.elenjical.com/news/elenjical-solutions-recently-marked-a-milestone-a-decade-in-the-business Published: 2023-11-29 · Author: Elenjical *Elenjical marks a decade of success in providing top-quality capital markets solutions. Celebrating 10 years in the industry!* [https://www.elenjicalsolutions.com/wp-content/uploads/1698744625510.mp4](https://www.elenjicalsolutions.com/wp-content/uploads/1698744625510.mp4) --- # Fintech fusion: businesses choosing partnership as source of competitive advantage Source: https://www.elenjical.com/news/fintech-fusion-businesses-choosing-partnership-as-source-of-competitive-advantage Published: 2023-11-27 · Author: Elenjical *Discover the power of fintech partnerships in gaining a competitive advantage. Elenjical reveals why collaboration is vital for business success.* **Shared expertise - shared success** Tinu Elenjical founded his eponymous company back in 2013 to meet the growing demand for technical competence in the trading platform [Murex](https://www.elenjicalsolutions.com/elenjical-solutions-pioneers-murexs-mxopenconnect-development-framework/) in Africa. Since then, the company has grown to over 100 employees across Africa, the Middle East, Europe and Asia. Its collaboration with Murex, a global leader in providing financial technology solutions, is a prime example of this new collaborative leadership trend. This partnership created an opportunity to develop the local financial market and served as the foundation for the growth of professionals working at Elenjical. As a result, the company has emerged as a leader in fintech and remains the major provider of Murex services in South Africa. “Strategic partnerships enable teams to bring the best of their talent and strengths forward.” Tinu Elenjical, comments. “Every business has unique strengths, so honing your partnership strategy to play to those strengths, while at the same time embracing with partners with other attributes, will let both parties shine. It’s rewarding to see how doing so generates functional and creative solutions.” In line with this strategic mindset, Elenjical harnesses its strengths by insourcing staff development and training where they have a competitive edge. Yet, recognising the limits of their own capacity, they outsource functions like Legal, Accounting & Payroll to those who specialise in these fields - ensuring a razor-sharp focus on their core operations. ‘It’s all about the network’ in the world of business. This is evident through the journey of Elenjical as well. The company became one of only three partners on the globe that are recognised for Murex expertise with Amazon Web Services (AWS) skills. By combining their AWS capabilities with their Murex expertise, Elenjical has become the go-to partner for financial firms looking for a smooth transition to the cloud. **Expanding horizons** In a strategic move to expand its market reach and explore new horizons, Elenjical has entered into a long-term partnership with Istanbul-based Linktera. This collaboration opens doors for Linktera to enhance its services for Turkish financial institutions by incorporating Elenjical’s Murex expertise. It’s a win-win situation, enabling Elenjical to expand into the Turkish banking market through this beneficial relationship. **New age leadership model** In today’s ever-changing market, the [Elenjical](https://www.elenjicalsolutions.com/) experience shows how companies benefit from sticking to what they’re best at, while teaming up with like-minded specialists in other, complimentary areas. Instead of trying to do everything on their own, companies are forming valuable partnerships that encourage sharing skills and growing together. The old way of trying to do it all is fading, and this new approach is becoming the norm for businesses aiming to stay competitive and relevant. Partnership has become the new leadership model. --- # Leading financial IT services consultant Elenjical expands into Turkish banking market via strategic alliance with domestic sector specialist Source: https://www.elenjical.com/news/leading-financial-it-services-consultant-elenjical-solutions-expands-into-turkish-banking-market-via-strategic-alliance-with-domestic-sector-specialist Published: 2023-08-16 · Author: Elenjical Effective immediately, Johannesburg-headquartered financial services consultancy Elenjical has agreed a multi-year partnership with leading Turkish financial IT consultancy Linktera. This collaboration brings Elenjical’s deep Murex expertise to the Turkish market, with the goal of adding value and expanding the range of products available to leading banks. Combining their respective strengths, the partnership will broaden the services available to financial companies in Turkey. The alliance has already seen success, with a leading Turkish bank appointing the partners to provide Murex support. Both companies will work closely with the relevant authorities to ensure service delivery meets industry standards. “At Elenjical, we continuously strive to add value to our clients. This collaboration will allow us to bring our expertise to the forefront, delivering innovative solutions that drive success for financial institutions in Turkey”, comments Tinu Elenjical, founder, and CEO of Elenjical. “We are excited about the opportunities this partnership presents and look forward to making a significant impact in the Turkish banking industry”. “The treasury business in Turkey has become increasingly complex due to regulatory and market requirements,” says Alper Erbakan, a manager who leads this collaboration. “This has led to an increasing need for expert resources in the Turkish market. We believe that our global experience and our local partner will enable us to respond to this need.” **Game-Changing Partnership** “Our skillset is entirely complementary, and the strategic alliance between Linktera and Elenjical represents a significant step forward in our mission to elevate the Turkish banking industry to new heights. Our mission is to offer solutions that create added value to the institutions we serve with end-to-end turnkey projects,”, agrees Taskin Aksoy, Co-Founder & CEO at Linktera. --- # The power of people-focused work practices Source: https://www.elenjical.com/news/the-power-of-people-focused-work-practices Published: 2023-06-06 · Author: Elenjical What do WhatsApp, Microsoft, Disney and Elenjical have in common? They all thrived during crises. Take Elenjical. Over the pandemic, the financial tech consultancy went from a 50-person workforce to over 80 employees, with at least another five joining over the next two months - and that’s not including the graduates from their recruitment scheme. In partnership with the industry’s leading technology solution in South Africa, Murex, it has accumulated considerable credibility in the capital markets sphere. Its secret? Making the most of amazing people. “Because the quality of hires has been great, the output of our work has been great. When you tie that all in with the right training and opportunities, it’s a winning combination,” says Kerisha Govender. The industrial psychology expert with extensive global experience in HR has hit the ground running as the new Global Head of People at Elenjical - and she reiterates the firm’s efforts to build a people-first culture that supports sustainable growth. From the first candidate search through recruitment interviews, Elenjical does things its own way compared with larger corporations in the field. “Turnaround time is quick, senior executives want to join the interviews and it’s all about getting to know the candidate and what they’re passionate about. We also look to hire a diverse set of people - we see great value in a multicultural workforce consisted of various backgrounds and ethnicities,” Govender explains. While hiring experienced personnel is a battleground, Elenjical is instead boosting its investment into quality recruits. Its graduate scheme, a new people system and partnerships with South Africa’s top universities such as Stellenbosch have strongly elevated their ability to attract compelling candidates. **A hiring strategy that relies on a culture of caring for employees** It’s one thing to recruit good people, but it’s another to keep them - and at Elenjical, staff retention is high, even in a market that is running hot. “It’s about giving them balance, and giving them a choice,” is not something you hear about the running of financial companies often. One component of this that Govender highlights is Elenjical’s hybrid work model, in which staff are only expected to come into our office once a week. This understands the importance of collaboration but also embraces the fact that working from the comfort of one’s own space can often be more productive than making people to come into office against their will. Wellness is another aspect that can slip between the cracks in large corporations - but given top priority at Elenjical, particularly since the pandemic. “We want to create a safe space for people, so we have a variety of webinars, one-on-one check-in sessions as well as larger group deliberations. We want our people to know that opening up is welcomed here,” says Govender. In the same vein, there’s a budget for fun. Through recurring company-wide social events, smaller team events and random cross-section get-togethers, Elenjical cultivates a more supportive and pleasant work environment. **‘We can always get better’** This emphasis on finding new ways to boost their people-first culture is the product of Elenjical’s mission to ‘do things the right way’, Govender explains. The Fintech has used its small company structure to its advantage, and guarantees it will keep prioritising quality to yield sustainable results - however large it grows. “We have plans to scale further, because we’re always looking forward. But compromising on the quality and wellbeing of our employees - and hence our work - is never going to happen.” --- # Elenjical implements world’s first Murex Kubernetes module installation Source: https://www.elenjical.com/news/elenjical-solutions-implements-worlds-first-murex-kubernetes-module-installation Published: 2023-05-30 · Author: Elenjical *Elenjical installed Murex’s new Kubernetes functionality at Momentum Metropolitan Holdings in South Africa.* ![](/api/media/media/Momentum-Metropolitan.jpg) Leading Murex business partner and system integrator Elenjical has implemented the world’s first MX.3 Kubernetes upgrade to the Murex financial software platform for trading, treasury, risk, and post-trade operations. The pilot upgrade - the world’s first - was completed in early May for leading South African financial services group Momentum Metropolitan. Kubernetes is a portable, extensible, open-source platform for managing containerised workloads and services. It has a large, rapidly growing ecosystem and reduces the need and expense of maintaining permanent always-on servers. This is because once the calculations are complete, the cluster nodes- and costs associated with running them - are terminated. (A *cluster* is a logical grouping of tasks or services. Clusters can also be used to isolate applications.) **Containers: flexible and scalable** Murex’s latest version of MX.3, its trading platform, now includes a Kubernetes module option that is compatible with technologies like AWS Fargate or EKS managed node groups to deliver high performance on critical calculation and aggregation services. To price complex derivatives, the Kubernetes module can execute calculations over a grid of CPUs or GPUs. For the most computationally intensive workloads-market risk and reporting-the MX.3 module uses Kubernetes and containers to benefit from the scalability, flexibility and pay-as-you-go model of the cloud. In preparation for the upgrade the Elenjical integration team had access to early versions of the software. The official MX.3 module was then incorporated into a wider Murex system upgrade at Momentum Metropolitan. After an extensive period of testing the system was installed over a long holiday weekend, ready to go live by the start of the next business day. An important aspect of the installation - and a particular strength of Elenjical - was the company’s ability to create ‘infrastructure as code’, allowing the automated deployment of the Kubernetes module. Infrastructure as code (IaC) is the process of managing and provisioning computer cloud resources through machine-readable definition files, rather than configuring the data manually. It eliminates the risk of human error, stays stable during implementation, and allows future redeployment of the module at the press of a button. Elenjical’ IaC skills are part of its wider expertise in continuous integration (CI) and continuous delivery/continuous deployment (CD). “We have a close and supportive relationship with Murex, and were pleased to be asked to conduct the first global installation of the company’s new Kubernetes module,” says Colyn Van Zyl, the lead executive on the project, “Using the Kubernetes module makes sense: if you are moving operations to the cloud, you should make use of as much elasticity and scalability as you can, otherwise you have a like-for-like ‘lift and shift’ mentality from old physical servers. With that in mind, with the new Kubernetes module you only use resources when you need them, and they disappear the moment your calculations are complete. It’s cheaper, more secure, just as accurate and no slower. We are confident that this module will become a normal part of the Murex system in the future.” --- # Fintech consultancy gives grads flying start Source: https://www.elenjical.com/news/fintech-consultancy-gives-grads-flying-start Published: 2023-04-27 · Author: Elenjical Every year, the cream of South Africa’s graduates undertake Elenjical Solution’s graduate training scheme. The pitch is simple: with the intention of hiring a cohort of students with remarkable potential to drive innovation in the industry, the two-month long intensive programme gives the students the tools to help shape cutting-edge trading and risk management systems, and start their careers in the most positive way. **“Just 3 months after this programme, I’m working closely with Elenjical’ founder on a new project in IT business for a client - we’ve immediately been able to apply all our learnings, and are already trusted to drive results for the company,” says Souzah Ruzario.** Souzah is a 25-year-old Stellenbosch Electronic Engineering masters student, while 23 years old Nigel is a University of Cape Town mathematical finance graduate, and Palesa is a North-West University computer science graduate. The consensus was clear: they’d all recommend it in a heartbeat. They, along with 8 others from this year’s small cohort training course, gained critical skills through problem-based learning on South Africa’s capital markets consulting sector. Elenjical’s one-of-a-kind curriculum is what sets it apart from the crowd. Taught by financial instructors and various senior company leaders, course content spans standard topics such as ‘Financial Problems’ from mathematical economics to less conventional material. The module ‘Murex Training focuses on equipping the students with an understanding of the industry’s leading capital markets technology solution. “My favourite part was when we got to implement real aspects of a trading system, because it was the applied side of the theory we got taught in our other classes,” explains Palesa. Nigel also highlighted the practicality of the programme’s content: “It was really interesting studying things that operate in real life situations outside the classroom, such as Murex, and to get into the technical aspects of what had until then been abstract concepts - it was a fun challenge.” **Setting the students up for success** Spanning two intense months of study, the compressed timeline added to the students’ challenge - filled with tests and assignments that evaluated students’ potential to perform the sort of work that Elenjical undertakes. “From the problem-based learning mindset to the course content itself, it was a real introduction to the sort of real-life work that we would be involved in, in the financial sector,” says Souzah. On top of the industry experience, there’s a full-time job opportunity granted to successful trainees - which starts their career on a strong foot. Nigel works alongside Souzah on the IT business project for one of Elenjical’s clients, whereas Palesa integrated the infrastructure team: “I essentially work in support, and I was instantly trusted to carry out various responsibilities.” From their cohort, everyone else also joined the company, across an array of teams. This scheme is a product of the culture of sustained learning and growth that Elenjical pushes: not only were the trainees often joined in class by other senior employees who wanted to touch up on their knowledge and competences, but they noticed the company kept up this emphasis on learning after they joined full-time. “Working here, there’s always training happening and an emphasis on finding new ways to add value. We immediately could tell it was a core motivation for Elenjical during the recruitment scheme,” Souzah explains. --- # People power driving learning in finance Source: https://www.elenjical.com/news/people-power-driving-learning-in-finance Published: 2023-03-22 · Author: Elenjical **SA financial services consultancy Elenjical is pioneering employee self-help in cascading best practice.** The finance industry isn’t short of talent. It’s a hotspot for graduate training programmes and junior mentorships. These pick out the most promising talents among university students and follow formal, structured curriculums that deliver students to a known, fixed point. But what about once they’ve joined their companies and doing the job - what support can they expect then? Lindsey Louw, a Murex software consultant with long experience at leading SA financial firms, has helped build a new approach to employee training - one driven by sharing and self-help. She built the initiative at Elenjical, SA’s fastest growing Fintech seeking to expand to Europe, drawing on her first-hand experience of the inner workings of finance companies and the learning gap that often opens once the school books have been put to one side. **Flipping the formal nature of employee training on its head** “Intercompany training opportunities exist, but they tend to be forced upon staff as formal requirements that often don’t capture individual needs,” explains Louw. “The more a company grows, the harder it is to set time aside to uphold training standards, and the more diverse individual needs become.” This realisation has spawned a new approach to in-company learning. Staff generate much of the learning among themselves, sharing experience and best practice and dipping into learning forums when they can, rather than following requirements dictated by management or the training department. Still in its early phases, the scheme is a comprehensive effort to strengthen interpersonal relationships, skills and cross-company collaboration in an industry where workload pressures can take a toll on people. With remote working added to the mix, Louw’s initiative also aims to address the complex pressures of the modern-day workplace. “A diverse cohort of people from within the company meet up when and where it suits them, to bounce ideas off each other and learn from a surprisingly deep pool of experience and knowledge. Younger employees can learn more about the different lines of work and which roles they might want to work towards,” Louw explains. “Not only do these informal chats, meetings and mentoring deepen their knowledge base, they also build important personal networks within the business.” From this, more formal components can emerge - outlining specific training paths, tangible professional goals and monitoring progress through reviews by management. “It’s all about keeping it flexible and tailored to what would best challenge and suit the individual,” reiterates Louw. **Company-wide benefits** The outcomes this approach promises aren’t limited to employees. Supported staff who build relationships and see a clear path forward help the company too. “In finance, it’s common for the human element to slip through the cracks in growth strategies, but it’s a restrictive mindset,” explains Louw. “Staff-driven training opportunities break down the barriers separating people within the structure, and create a culture of collaboration that fosters results.” A strong sense of community increases staff retention and satisfaction: people who feel supported are more likely to stay and progress in their careers. The fluctuating nature of the industry requires companies to have a flexible workforce that can showcase a range of skills. “It’s in the company’s interest for employees not to be too niche - the ability to transition into another job and accumulate a wider set of skills is essential for competitive edge,” believes Louw. Elenjical has launched this grassroots initiative, and the number of participants has already exceeded expectations. Building on an already well-established people-centric culture, Louw is steering the company towards a more collaborative environment. It’s time for finance companies to embrace organic, informal training practices that build a work culture suited to sustainable growth. --- # Navigating an economy in transition as an SA-based fintech Source: https://www.elenjical.com/news/navigating-an-economy-in-transition-as-an-sa-based-fintech Published: 2023-02-23 · Author: Elenjical “From a global perspective, SA is new to the scene when it comes to tech, consultancy and finance,” explains Bereket Demeke, Executive at Elenjical (Elenjical), the fastest-growing fintech in the country. Experts in Capital Markets and Risk Technology and with major international banks among its customers, Elenjical shows that SA’s physical distance isn’t a barrier to competing on the global stage of financial technology consulting. If anything, recent transformations in the country’s economy have opened up a variety of opportunities. **A rocky start** South Africa’s rich resource base and the pre-eminence of mining had long skewed the country’s legislation and bureaucracy. But with growth in other industries such as tourism, the country is becoming more tertiary focused. “Our economy developed due to the export of raw materials, so legislation didn’t facilitate ease of business in newer industries such as consulting and finance,” explains Demeke. As well as regulations passed well before SA’s new breed of tech firms were in existence, the highly qualified workforce required for this industry was in short supply - “The education system wasn’t designed to produce sufficient software engineers, which hiked up competition for the few available considerably.” Yet the tides are changing and there is a definite shift to a more flexible economy that embraces and encourages newer industries. **Transitioning to a knowledge and service economy** “Several of the world’s top-ranking universities are based here in SA, and they are now producing strongly qualified tech, consulting and engineering graduates for us to tap into,” explains Bereket. Johannesburg is a hub for these institutions, with a range of undergraduate and postgraduate courses in data engineering and data science, among others, which will equip students with the skillset required to undertake roles at a fintech like those in demand at Elenjical. To further embrace the talent available in SA, Elenjical has various sponsoring and training programmes that it offers to promising students, including those from disadvantaged backgrounds, helping nurture students throughout both high-school and college. “By enabling talented young individuals to grasp the opportunity to discover our line of work, we’ve recruited some brilliant minds who might not otherwise have pursued a career in this field,” says Demeke. These efforts also build awareness about the transition to a knowledge-based industry and increase recognition of the types of jobs that come with it. **Geographically distant but culturally close** Alongside this growing talent pool, Demeke insists that being based in SA also brings a range of attractive monetary and cultural benefits. “Not only is SA the strongest and most vibrant economy in Africa, it’s also increasingly westernised, which promotes a cultural fit with the markets we are trying to integrate with,” Demeke explains. Not only is it English-speaking, but it is also in central EU time zone, which helps communication during the work day and is an inherent advantage of SA for servicing clients from the Middle East or Europe. Another benefit to the growing industry in SA is the lower cost of living compared to its European counterparts. “Our country’s relatively weak currency is an opportunity to compete on price while providing a very high skillset and quality,” highlights Demeke. “SA has a niche and strong tech skillset and the country’s internationally renowned universities increasingly attract bright young minds from the whole continent.” When qualified, these same young professionals can help export fintech consulting services into the rest of Africa, where the domestic provision is less embedded. Elenjical’s rapid growth and international reach reflect the nation’s growing confidence in the technology sector. Systemic obstacles and VISA processes no longer inhibit new industries from thriving, and Demeke predicts that businesses in SA will keep looking outward. This in turn will prompt legislative and bureaucratic changes tailored to suit the new economic dynamic. --- # Tinu Elenjical: delivering global IT skills in Africa Source: https://www.elenjical.com/news/tinu-elenjical-delivering-global-it-skills-in-africa Published: 2022-06-28 · Author: Elenjical Founded in 2013 by Managing Director Tinu Elenjical, Elenjical is a financial services technology consulting firm. It is a full-service consultancy that offers clients expertise in Murex consulting, cloud and data advisory and digital and IT strategy consulting. Of all its skills, Elenjical is renowned as a specialist in the complex financial trading platform Murex. Tinu saw a demand for Murex skills in Africa and has now become the only Murex business partner on the continent. Murex provides financial software for trading, treasury, risk, and post-trade operations for financial markets. Tinu explains: “Due to our very close relationship with Murex, they have given us platforms to train and upskill our staff, as well as providing services for their international clients. It is a great platform for us to grow and we have managed to create a reputation for ourselves such that people in the international market are starting to hear about Elenjical.” **The Elenjical difference** Tinu’s decision to start a company with the whole of Africa in mind stems from his upbringing. Born in Kenya and raised in South Africa, Tinu has witnessed the immense potential and untapped talent that Africa contains. This was his motivation to focus the company’s growth in Africa. With a workforce of highly skilled individuals who are willing to go the extra mile for customers, Tinu has built a very stable group. That is one of the benefits of teaming up with Elenjical, as its staff won’t leave you in the lurch. “We have enjoyed really good staff retention with the majority of staff having been trained up by us-and staying with us. Our competitors look to hire experienced staff, and the issue with that is they tend to move around because of how liquid the market is internationally. We have a fundamentally different approach. We train South African graduates from scratch and we convert them into Murex consultants. That brings with it a sense of camaraderie, loyalty, and closeness. Those are qualities that you can’t really replicate elsewhere,” Tinu explains. “So our clients use us because we provide a stable workforce and not a continuously changing workforce.” **Success is earned** Despite Elenjical being a fairly young entity, the ethos engrained by Tinu has given rise to many successes. His strong leadership rubs off on those around him, ensuring that they put in a proper shift to bring about positive results. One such success saw Elenjical become the ninth company in the world to move a client into the Amazon Web Services (AWS) environment-doing so ahead of schedule and under budget. “It was a very successful project, as a small South African company like us was able to do something that large players internationally find quite challenging,” Tinu recalls with pride. “We have made such a good impression in the international market that AWS themselves have recognised us as only one of three partners globally to have the capabilities of moving clients from Murex physical infrastructure into the AWS cloud environment.” Another glowing reference from a client came in the shape of Elenjical’ work in moving a client away from the legacy LIBOR rates to the new alternate reference rates. This is a high pressure job and one that Tinu and his team took on without a second thought. Tinu, who studied engineering at the University of Pretoria, reveals: “The client was very happy with our delivery. The team pulled together during the December holidays and we had to work throughout the holidays just to make this thing happen-which we did. The client was appreciative of our work, and now they know that they can rely on us even in a difficult situation to deliver.” A success that Tinu is working towards is helping smaller financial institutions modernise their trading, performance and risk management capabilities. He believes that greater technology adoption in financial services can improve market efficiency. “We want to introduce efficiencies in the market. Some of the smaller players are using outdated technology to manage their operations, performance and risk. The latest technologies would enable a more efficient working market, contribute to a reduction in costs and overheads” Tinu adds. **Learning from challenges** It would be foolhardy to think that everything Elenjical touches turns to gold. Like with any venture, challenges arise and test the structures. For Tinu, however, he sees every challenge as a lesson and is then able to adapt to the situation accordingly. It is a 21st century way of thinking, one that is proving successful in the fast-changing world of finance. His first big challenge came in founding Elenjical all on his own: “As a young entrepreneur starting off and working on your own, it is quite a challenge. We didn’t have any sort of support structure in place, it was all ground-up-built networks, it was a reflection of hard work that got us entry into the market. In the early days it was very tough to firstly attract talent and then retain talent, as nobody knows who you are. “Then from a cash flow perspective, we had to make sacrifices. We are in a different environment today, but I am glad that we had those experiences so we could learn from them and have an appreciation for where we have come from.” With a firm base now laid out from past lessons and a unique proposition available for clients, Elenjical can expect more growth in the coming years. What will that growth look like? For Tinu, there is only one answer: “I would like Elenjical to become a global brand. We really want to be the Murex consulting services provider for the world. That’s where we want to go. So, if someone wants those types of skills, they know that Elenjical is there to offer it to them.” **An understanding leader with great support** Tinu describes himself as a ‘transparent leader’. His belief is that being honest, open, and straight with people produces the best results. That leadership style is working, as his current complement of 75 staff members is expected to grow to 85 in the coming months, and as mentioned before, they are all pushing the company forward under his guidance. One of the key aspects to that workplace happiness is down to Tinu’s understanding that people have lives outside of work.“I understand that life happens. We are not the type of organisation that watches people. We look at output and delivery. So, if the work is done, then great, that’s what really matters. We don’t look at how much time you spend in the office and we don’t really micromanage our people,” Tinu explains. While he may come across as a calm character, stress can be a problem for any leader. Tinu has a strong support base at home to help him deal with the pressures of work. “I have an extremely supportive wife. Even recently, we had a little one and, despite looking after the children and coping with stresses of her own, she remains my pillar of strength. She is also good at keeping me grounded,” Tinu laughs. And we thank her for that, as it has allowed Tinu to build Elenjical into a force to be reckoned with, which will only strengthen the way Africa does business in the future. [Leadership magazine article](https://www.elenjicalsolutions.com/wp-content/uploads/Leadership-magazine-article.pdf) --- # Elenjical becomes only 3rd provider certified by Amazon for Murex Cloud migration Source: https://www.elenjical.com/news/elenjical-solutions-becomes-only-3rd-provider-certified-by-amazon-for-murex-cloud-migration Published: 2022-06-28 · Author: Elenjical # Leading South African financial services technology consultancy Elenjical has become only the third global provider to be endorsed by Amazon Web Services for its ability to migrate Murex enterprise capital markets technology platforms onto the Cloud. Elenjical is an AWS partner company and has been recruiting and upskilling engineers with Cloud migration competences, ahead of a surge in demand for companies wanting to shift from proprietary servers to a more modern, Cloud-based approach. While a migration expert at the complex Murex trading platform, Elenjical can also move all types of enterprise system to the Cloud. Benefits of the shift include improving ongoing business processes and driving new sources of competitive advantage. **Top systems integrator, says Amazon** “We are pleased to have been recognised by Amazon for our Cloud expertise, as a top system integrator and our deep understanding of highly complex applications, making for a perfect combination,” says Elenjical’ Thabiso Romosolo, the consultancy’s head of Murex. “By making use of Cloud-based, fully managed services we help clients shift responsibility for hardware procurement, updates, security patching, monitoring and reporting all onto the Cloud provider. This frees up resources to focus on other important topics, such as production stability.” The Cloud is the foundation for this new, agile business world and Elenjical is a leader in helping organisations make the move and take advantage of the effective use of technology. The AWS Cloud supports data sharing, collaboration, communication and overall productivity. In the insurance giant’s Cloud migration project, Elenjical moved its entire front-to-back and risk Murex stack to Amazon Web Services while completing a Murex upgrade to the latest MX.3 version. The team also implemented Apache Airflow as the client’s new workflow scheduler - all in nine months, where such a migration usually takes several years. Elenjical’s team migrated the insurer’s Murex platform onto the Cloud without slowing production down. “The Cloud is a great place to move enterprise software workloads,” says Colyn Van Zyl, head of infrastructure at Elenjical. “Besides speeding up production and giving extra functionality, our client now benefits from lower maintenance and overall costs. Creating any number of new development environments now takes just minutes to set up, compared to weeks or even months as the reliance on traditional, non-scalable hardware was removed.” --- # Stellenbosch undergrads given real life masterclass on avoiding financial crashes Source: https://www.elenjical.com/news/guest-lecture-on-techniques-for-measuring-market-risks Published: 2022-06-20 · Author: Elenjical Johannesburg-based technology consultancy Elenjical Solution’s fintech expert Robert Cronje delivered a lecture to undergraduates and masters’ students on the ‘Application of Value-at-Risk: Methods and Practice’ at his old university, Stellenbosch. The lecture had two parts: an introduction to the concepts of value-at-risk and its three core challenges of efficiency, accuracy and aggregation, followed by a closer look at how technology is becoming more effective at evaluating risk in even the most complex financial products. In the latter section, he focused on the technologies and tools developed worldwide in response to previous economic crises. **An understanding vital in avoiding future financial crises** He described how Value-at-Risk technology, such as the Murex platform, has grown in importance and sophistication since the Financial Crisis: not only can it make sense of thousands of diverse data points, but it now covers capital market trading accounting, back-office and risk areas together. This type of tech is also scalable and modular, letting clients implement it in a way that fits their needs and software, which lowers the risk of future financial crises. Robert gave a deeper technical explanation of these attributes, walking the audience through various calculations and scenario generations. The lecture gave a real-world understanding of evaluating complex financial risks, showing how the theory students learn plays out in practice. Robert broke down how Value-at-Risk is used to evaluate what a firm stands to lose over a given time period at a given probability, and why that figure matters: he covered its useful features, why it’s needed, and its limitations, keeping a balanced view of a complex risk metric. https://www.linkedin.com/feed/update/urn:li:activity:6930755770317684736 --- # The robots are coming: how AI is taking over insurance Source: https://www.elenjical.com/news/the-robots-are-coming-how-ai-is-taking-over-insurance Published: 2022-05-25 · Author: Elenjical In the old days anyone unfortunate enough to have a bump in their car soon found that the process of claiming on the insurance was almost as painful as the crash itself. Registering the claim, then waiting for an assessor to come out to look at the damage and then haggling about the value before final settlement all took many weeks. Today, the whole process can be completed using modern technology and artificial intelligence in a fraction of the time and cost - and often with a better outcome for all concerned. This is true not just for auto claims, but for a wide range of insurance processes and categories. (Home, travel, personal injury etc.) There are millions of insurance policies taken out each year, and many consequent claims. Most are straightforward, yet insurers have processed them in a labour-intensive way. Streamlining the data flows lets them automate these processes. Bots gather the data at the start of the process and put it on a central server, where AI models verify and classify it and determine next steps, including whether to flag fraud. Machine learning also lets the technology make better, more informed decisions over time, improving as it goes and shortening the claims lifecycle. **Facial recognition and damage assessment** Digital photography and video streaming on mobile phones mean site visits are needed much less. Standardising the data required lets policyholders provide much of the information themselves. Machine learning models can process the images, classify the damage and verify identity in the same step. AI can then look at the images and recommend whether to repair the part, replace it, or write it off as beyond economic repair. Using sentiment analysis, AI can also make assumptions about a policyholder’s emotions. The technology can ‘listen’ for tone of voice and estimate whether the policyholder is telling the truth, useful in fraud detection. AI already spots fake documents and doctored IDs to a higher standard than people do, and machine learning keeps improving that over time. **Data driven learning** Whether for health or home insurance, or anything in between, the data insurers build up over time lets AI use what happened in the past to inform present policies and claims, and make accurate assessments. The more data, the better AI performs. For machines and vehicles, onboard telematics that record how they have been operated, and therefore consumer behaviour, produce a vast amount of data AI can use to determine how a claim should be processed. And unlike humans, AI doesn’t get tired, have off-days, feel sorry for people, or like or dislike them - it does the job without any of that. **The move to digital** This move to online policy and claims handling was underway already, but Covid-19 accelerated the transition: insurers handled almost all claims online during the depths of the pandemic. That forced a standardisation of the information gathered, data that cloud-based AI technology can then interpret. Despite AI’s potential, it probably won’t fully replace the human side of insurance. But as AI keeps improving, it’s not hard to imagine a time when you can’t tell whether you’re talking to a human or a computer. It’s the stuff of science fiction. The insurance industry is waking up to AI’s potential to revolutionise policy and claims processing. It can lower overall indemnity costs, make better decisions over time and resolve claims far faster. Insurers can’t afford to ignore those benefits. AI will soon move from a source of competitive advantage to a basic requirement for survival. --- # How the Cloud is taking over financial services Source: https://www.elenjical.com/news/how-the-cloud-is-taking-over-financial-services Published: 2022-04-20 · Author: Elenjical You would have had to have your head in the clouds not to know that ‘The Cloud’ is where it’s all at these days. Whether that be storing all those holiday snaps you took on your mobile in *Apple’s* iCloud storage plan or downloading the latest *Marvel* film on *Netflix*, it’s all stored in…eh…somewhere we’re not quite sure where. The cloud isn’t only for keeping us amused, big business relies on it and cloud computing itself has become big business. *Amazon Web Services* (AWS) is the biggest, and in 2020 its net sales alone topped $386 billion, up a cool $100 billion on the previous year. What cloud computing boils down to is that you allow someone else to host your computing infrastructure, which you then access via the internet. This differs to how it is done traditionally. In the past - and for many, still the present - companies would host all their own services and data on their own servers, managed by in-house IT teams. Companies - including financial services firms - are seeing the attraction of adopting the cloud. While in theory the biggest providers - AWS and GCP (*Google Cloud Platform*) - are public clouds, in reality, the small piece that companies buy is entirely private to them, and ultra-secure. **Greater flexibility - at a cost** The cloud is not cheap, in many cases it can be more expensive than current ways of storing and managing information. But it has several advantages. The first is that the cloud lends itself to elasticity - you can expand or reduce the amount of space you need quickly. This is far faster than the months it takes companies to install new servers to their infrastructure - servers they are then stuck with if demand on the system reduces. Financial services firms are under intense pressure to keep their sensitive financial and customer details secure. Does putting it on the cloud put that at risk? And are they even allowed to by regulators? The answer is: it varies - from country to country - and from types of financial firm. Insurance companies, for example, are more willing to place their data on the cloud, while banks tend to place only certain data on the cloud, keeping their most sensitive data on in-house servers. Some of the thinking behind this comes down to hesitancy on the part of regulators. Where the servers that run the cloud are physically based can also play a part, with laws in place that may prevent, say, financial data from customers in South Africa being stored on cloud servers based in Ireland. But as cloud providers continue to open data centres in more locations, this problem is likely to reduce over time. Another advantage of hosting financial information in the cloud is its security from loss. This is because company information is never held in just one place. Cloud companies such as AWS have solid replication procedures, duplicating information securely across multiple regions. So, if one data centre hosting your data suffered from a natural disaster, say, the data would still be accessible and securely held by other data centres far from danger. **Secure - but vigilance still required** The cloud *is* secure - AWS regularly spends more than $1 billion ensuring its systems are not compromised - far in excess of any individual company’s security budget. But that doesn’t mean that company information is 100% safe. The cloud may be secure but individual companies still need to have their own security measures in place (E.g. the latest patches installed) so as not to introduce vulnerability into the system. Despite the earlier comment about cloud computing often being more expensive than traditional storage methods, there is one important financial advantage worth mentioning. Setting up IT infrastructure in-house is expensive, involving capital expenditure that sits on the balance sheet for years. Using cloud computing, on the other hand, has relatively little up-front cost, and the ongoing storage space rental can be paid as operating expense from the P&L. This lower up-front cost of system set-up helps lower the barriers to entry, makes new product experimentation less risky and faster, and will likely increase the levels of competition in the financial services industry and beyond. **Increasing cloud cover** Financial services firms are by nature (and necessity) cautious. Most have already invested in their own in-house IT infrastructure, but the attraction of moving to the Cloud increases as that infrastructure ages and nears replacement. Many finance firms are dipping their toes in the market and migrating peripheral services to cloud storage. Covid-19 and the rise of homeworking is also accelerating the move to remote servers. In the not-too-distant future it won’t be a question of ‘Do I keep my existing IT or move to the cloud?’. Instead, it will be: ‘Do I buy new IT or move to the cloud?’ The demands that innovation and security bring mean companies must have competitive IT infrastructure. The risks of not moving to the cloud will soon become as great as doing so. At the moment moving to the cloud is offering a source of competitive advantage to those brave enough to move. If the current trend continues that advantage will disappear and the cloud will be a basic entry requirement for being in the financial services market. The cloud *is* coming, it’s just a question of when. --- # Tech firms circle traditional banking services Source: https://www.elenjical.com/news/tech-firms-circle-traditional-banking-services Published: 2022-04-13 · Author: Elenjical Do you remember a time when banks were the bustling hearts of any community? Depositing cheques, paying bills, getting cash and organising loans, it was the essential centre of business and personal life. Then in the 1980s ATMs came along, and consumers’ relationship with their banks became *slightly* less personal, and *slightly* more digital… …Fast forward 40 years and the once-dominant bank is seeing its business attacked from all sides. Challenger banks, like TymeBank, and internet-only banks like Bank Zero are using the latest technology and a virtual presence to deliver banking services to consumers - especially younger consumers - faster, easier and at lower cost. Traditional banks’ physical branch networks, high staff numbers and legacy technology all now seem less of an asset and more of a millstone with every passing year. **Luring customers away** And it’s not just new banks that ‘old’ banks need to contend with. Technology companies are eyeing the profitable parts of banks business that are less heavily regulated, and trying to lure consumers away. Insurance and online payments are ripe for the taking. Mobile phone companies are included in this, and firms such as Vodacom have high consumer penetration rates - its ‘Super App’ opens the door to more financial-type services, all from your smartphone. In fact, it is the emergence of the smartphone more than anything that changed the game, with its ability to allow payments and make cash redundant. Facebook is so keen on being a larger part of consumers’ life (and wallet) that it has reinvented itself as Meta. Banking-type services could be incorporated into the ‘metaverse’ and further undermine banks’ relevance. As technology firms amass ever more information on consumers’ behaviour, they will know more about what services they might need, when they need them, and be able to target them through the power of their mega apps. (Instagram etc.) It’s hard to see how banks can compete with the ‘always on’ level of connection that ‘GAFAM’ enjoys. (Google, Apple, Facebook, Amazon, and Microsoft.) **Regulator protection** To a point, banks have only themselves to blame. When the only competitors they had were other traditional banks they did little to modernise. Although banks are respected, loyalty to them is generally low. That said, switching banks is (one assumes deliberately) a time-consuming chore, and taking up to five days to clear a payment is just one example of the cozy life banks once enjoyed, often at the consumers’ expense (and annoyance). For the time being, core banking services (transaction accounts, mortgages and loans) remain heavily regulated, and bring with them onerous capital and reserve requirements that are, at present, unattractive to non-banks. But as Bob Dylan said, the times they are a changin’, and traditional banks can’t rely on the regulator’s goodwill to protect them from new market entrants. At the moment non-banks are targeting primarily consumers. When they turn their sights to the lucrative corporate world traditional banks will have a *real* reason to worry… **A period of reinvention is needed** With so many disruptive influences impacting the market, the world of banking is set for long term and fundamental change. Like King Canute being unable to hold back the tide, it’s hard to see how banks can prevent a hollowing out of their range of services. But that ought not mean the end of traditional banks as we know them. Banks provide an essential service and have a deep pool of expertise. Their brands are still household names and respected, and this has real value in looking after savings and investments. The technical onslaught they are facing should be a painful wake-up call for the industry. In order to survive and thrive in the new era banks need to fight-fire-with-fire, by investing heavily in new consumer-friendly technologies, while at the same time sweeping away some of their outdated practices. Whereas once it was the banks that were in charge - now the Consumer is King. --- # Elenjical strengthens board as part of growth and diversity drive Source: https://www.elenjical.com/news/es-board Published: 2021-05-29 · Author: Elenjical *BNP Paribas and UBS opened the offshore Australian dollar FIG market for 2021 this week, with a pair of new senior deals.* Leading Johannesburg-based financial IT services consultancy Elenjical has announced the appointment of three senior advisors to its board. Effective immediately, the new directors are [Hangwi Muambadzi](https://www.linkedin.com/in/hangwim/) (independent director), [Kabelo Sekele](https://www.linkedin.com/in/kabelo-sekele-64aa75123/) (non-executive director) and [Thabiso Ramosolo](https://www.linkedin.com/in/thabiso-ramosolo-449aa83/) (executive director). All three are South African nationals. Thabiso Ramosolo has been promoted to board level from his previous role as Head of Murex at Elenjical, a position he has held since 2017, while the other two positions are external appointments. Hangwi Muambadzi holds an MBA from the University of Oxford in the UK, and a BBusSci. in Finance, Economics and Statistics from theUniversity of Cape Town. Since 2019 she has been Head of Partnerships (New Business Ventures) for all African markets excluding South Africa at Absa, a South African-based financial services group. Prior to that Muambadzi spent two years as Vice President of Digital Strategy and Innovation at Barclays Africa Group, a bank, and was a corporate finance and M&A analyst in the investment banking division of Deutsche Bank. In addition, Muambadzi is an ambassador for South Africa on the One Young World youth leadership movement and recently became an investment portfolio advisor within Launch Africa, a Pan-African focused seed venture capital fund. Kabelo Sekele holds a BA in International relations and Political Science from the University of Pretoria, as well as a qualification in Cyber Security from the University of Cape Town. He is currently Managing Partner of Blackstone Partners, a Johannesburg based tech-focused advisory and strategy consulting company. Sekele is also head of business development at Phakamo Tech, a 100% black and youth owned tech risk, cloud enablement and cyber security consultancy. Sekele also serves on the board of Directors of Finplus SA a Subsidiary of the Finplus Group, which creates ‘fintech’ software for easy management of digital finance operations at scale. **An African success story** “We are a proudly African company with big ambitions,” says Elenjical Managing Director Tinu Elenjical. “These appointments are part of our long-term growth plan to extend our activities across the continent. We are going to achieve this with the best of local talent and build a more diverse and inclusive company. I know that Hangwi, Kabelo and Thabiso all buy into our vision and want to be part of a home-grown success story. Their experience, contacts and insight as board members will help Elenjical unlock the massive potential that Africa offers in our area of expertise. I congratulate and welcome all three of my fellow directors to the board.” **Comments from the new directors** “I am incredibly honoured to be joining such a remarkable company and outstanding team,” said Hangwi Muambadzi. “It has always been imperative for African companies to be at the forefront of embracing African opportunities, and Elenjical is already setting an impressive record in doing just that. I am excited to be able to contribute to this next chapter of growth.” “Elenjical seeks to meaningfully contribute to the participation, recognition, contribution and ascension of Africa’s role in the global capital markets systems and technology landscape,” said Kabelo Sekele. “In so doing it is helping position Africa, and specifically South Africa, as the emerging centre of excellence in Financial IT services.” “I am dedicated to serving and it brings me great joy to see how fast we have grown,” said Thabiso Ramosolo. “When I joined Elenjical, we were a team of just over 10 people. As we grow further, we will continue to nurture talent while we work in a fun and ever-changing environment.” --- # Analysing the effect of quantum computing on Bitcoin Source: https://www.elenjical.com/news/analysing-the-effect-of-quantum-computing-on-bitcoin Published: 2021-04-15 · Author: Elenjical There are various advantageous features of Bitcoin that led to its further increase in popularity over conventional currency systems such as being decentralised and having increased security (Tessler & Byrnes, 2017). Bitcoin operates using a peer-to-peer distributed network where every member sustains a full list of all historic transactions in a public ledger. The list of transactions is grouped in blocks within the ledger also known as the blockchain (Zamyatin, et al., 2018). These blocks are linked together via hashes which allows the sharing of information between participants (Fernández-Caramés & Fraga-Lamas, 2020). Read more here: [Quantum Computing & Bitcoin](https://www.elenjicalsolutions.com/wp-content/uploads/quantum_computing_and_bitcoin_SiasRepsold.pdf) --- # Elenjical focuses on boosting skills of the nation Source: https://www.elenjical.com/news/giving-back Published: 2021-04-01 · Author: Elenjical Global finance has its powerhouses in cities such as London, Frankfurt, New York and Hong Kong - and that’s often where the IT talent flows to. But there is a leading financial services technology firm here in South Africa dedicated to growing home-grown talent, with a learning environment that encourages people to stay long term. “The vast majority of our employees are from South Africa, and proudly so,” says Tinu Elenjical, founder and CEO of Elenjical (ES). “We are committed to developing a local skillset that more than meets the exacting standards of global financial requirements. It takes a lot of effort, but our team is as good as anyone in London, Paris or anywhere else.” **Offering talent a helping hand** ![](/api/media/media/Kokstad-Scholarship-Winners-300x133.jpg) With over 40% of profits reinvested in training and development every year ES searches out the best home-grown talent at South Africa’s leading universities. These are the brightest students studying mathematics, engineering, technology or finance and risk management. And where students are struggling financially, ES offers a series of scholarships to undergraduate and masters students. “We look for smart people, of course, but we also want people with potential and the right attitude,” says Tinu. “Our scholarships look to unite potential with opportunity, with the hope that they will join the company once they graduate.” The company’s support starts before university, with ES offering bursaries to a growing number of lucky school students every year. “For the bursaries we don’t always look for the ‘best’ pupils,” says Tinu. “Here we look for someone who would do amazingly well if they had the financial support to get them going. I come from humble beginnings and it gives me great pleasure to be able to support my local community in this small way. It’s a privilege to be able to contribute and make a lasting difference to a person’s life.” ES’s 50 employees come from all over Africa and are a diverse mixture of people. “Despite our varied backgrounds we are a very inclusive team that shows mutual respect for each other,” says Tinu. “Regardless of origin, we collaborate for a common purpose. The ability to put yourself in the shoes of others is a key skill for being a good consultant, seeing problems from the client’s perspective.” **On-the-job training** Even when graduates do start work at ES, it is at least three months before they get to work for a client. First comes an intensive in-house training programme. This consists of four components. The first one introduces new hires to the world of capital markets, what banks and insurance companies do, as well as the products and services offered. This is followed by learning how to code in computer languages, such as XML and Python. Next comes the core element - learning about the Murex platform used by financial service providers. Here ES excels - so much so that the company is certified by Murex to not only conduct the training on its system internally but also act as a ‘train the trainer’ for external clients. Those new hires that have survived this far enter the last phase of training - learning about the business realities of being a consultant and providing customer service. “With assignments and formal exams this training is very intensive for the graduates,” admits Tinu. “And some people fall out of the programme. And even when they are trained that is still only the start of the story. It takes years for consultants to get to a point where they are considered experts in their field.” And that is the ES difference - it’s all about the long term. With a solid internal culture and interesting and varied work, staff retention is excellent. The company invests in its people, and employees and clients alike appreciate this. It’s a virtuous circle. “Our success is built on a platform of smart people being well treated and given interesting work for appreciative clients. Creating this pool of high performers takes time to build but when it’s created it is enduring,” concludes Tinu. “Our goal is to show the world that *real* talent - when supported and encouraged - is available in South Africa.” --- # A Decentralised Collateral Payment Solution Source: https://www.elenjical.com/news/collateral-blockchain Published: 2021-03-14 · Author: Elenjical Read more here: [A Decentralised Collateral Payment Solution](https://www.elenjicalsolutions.com/wp-content/uploads/A_Decentralized_Collateral_Payment_Solution.pdf) --- # A Shared Cloud Based Risk Engine Source: https://www.elenjical.com/news/a-cloud-based-shared-risk-engine Published: 2021-03-09 · Author: Elenjical Read more here: [A Shared Cloud Based Risk Engine](https://www.elenjicalsolutions.com/wp-content/uploads/Cloud_based_shared_risk_engine.pdf) --- # Nothing is impossible Source: https://www.elenjical.com/news/impossible Published: 2021-01-28 · Author: Elenjical | Growing up in rural South Africa with no access to running water or electricity taught [Thabiso Romosolo](https://www.linkedin.com/in/thabiso-ramosolo-449aa83/) from an early age to make best use of the cards he’s dealt. Thabiso recalls the early peaceful mornings in the Bush on his way to get water from a well, and how he vowed then to be counted in everything he does. This understanding - and everything he has since learned in a remarkable career - has been the bedrock of his life, taking him from a one-bedroom house in Glen Cowie, in remote Limpopo, to a life with real opportunity to do well and help others. You can take the boy out of the country, but you can’t take the country out of the boy: Thabiso has done more than most to give back to his community and support people who had less than he did. **Parental influence** The second of four children, Thabiso was born in 1983 and grew up in the dying days of Apartheid. His mother was a nurse, while his father was both a teacher and a pastor. Although simple people, they believed so strongly in education that they spent 75% of their wages sending their children to boarding school. | ![](/api/media/media/20161001_174458-scaled-e1622783823757.jpg) | | --- | --- | “When I went to St. Mark’s College at 11, I couldn’t speak a word of English,” says Thabiso. “It was really hard, but I was never going to be a dropout - I was there to be counted. And it was there I discovered my passion for learning and the opportunities it could open up.” From school, Thabiso’s education took off, with him winning a scholarship to study Information Systems at the University of KwaZulu Natal. “It was funny - I’d never even used a computer before - now I was learning how to program them!” After this Thabiso did a second degree in Economics, followed by another scholarship that got him a master’s in Economics. Of 20,000 applicants to an Accenture IT management trainee scheme, Thabiso won one of the only 20 places offered. --- # Taking Murex to the Cloud Source: https://www.elenjical.com/news/taking-murex-to-the-cloud Published: 2021-01-17 · Author: Elenjical [Murex in the Cloud](https://www.elenjicalsolutions.com/wp-content/uploads/MurexAWS.pdf) --- # Elenjical awarded the National Fintech Award Winner by NSBC Source: https://www.elenjical.com/news/elenjical-solutions-awarded-the-national-fintech-award-winner-by-nsbc Published: 2020-11-25 · Author: Elenjical Youthful optimism, a strong work ethic and above all a desire to do good within his community are the most notable traits behind the success Tinu Elenjical has made of his financial IT services consultancy Elenjical. It is this ethical entrepreneurial force that Africa’s leading SME organisation NSBC honoured at its 12th annual awards ceremony in Johannesburg this month. Named alongside other leading entrepreneurs from the world of business, Mr Elenjical was noted for his clear business vision, desire to boost local talent and his hard work, sacrifice and persistence in setting up his business eight years ago at the age of 28. Mr Elenjical was not only granted a place among the Top 20 entrepreneurs in the country as part of the prestigious NSBC awards - which were celebrated virtually earlier this month - but he was also handed a Special Award for his notable efforts in the field of finance technology. Mike Anderson, Founder and CEO of NSBC, said: “Growing small and medium businesses is vital to the local economy and its ever-growing rate of unemployment. This type of innovation and entrepreneurial spirit will undoubtedly cultivate a much healthier business landscape for all involved.” ![](/api/media/media/nsbc.jpg) **Luck, need and hard work** Commenting on his success, Tinu Elenjical says: “Like many entrepreneurs, becoming one was a combination of happenstance, necessity and an underlying belief that I could create a company that would be as good as any in the international field I was targeting. And yet I also wanted it to be sensitive to the needs of the South African markets. I was also youthful enough not to fully appreciate the risks I was taking, and optimistic enough not to care. It took bravery to leave a well-paying job working for a large UK-based IT consultancy, but once I committed to the move the only direction I looked - and still look - is to the future. “I also believe that to be a good entrepreneur you should give back to society, providing employment opportunities wherever possible and being socially responsible in sharing prosperity.” But he could not have achieved all this success alone. Elenjical is South Africa’s largest IT advisor on the dominant trading platform Murex, and has seen the hard work of all its employees paid off with revenues doubling year-on-year for the past four years - all this despite the impact of the Covid-19 pandemic and strict lockdowns. **Supporting communities** Born in Kenya to Indian parents, Tinu Sabu Elenjical came to South Africa when he was five. He grew up in a small town called Kokstad, on the border of KwaZulu Natal and Eastern Cape, where his parents worked as teachers in rural Eastern Cape. This upbringing has underscored his desire to support communities who have been severely affected by the economic fallout of Covid-19. The company has provided funds to Bok skipper Siya Kolisi’s Foundation, providing medical staff treating Covid-19 patients with appropriate personal protective equipment, and donated to food banks to help support the hungry and destitute in the community. While his company is celebrating boosted revenues this year thanks to its work lessening the disruption the pandemic has had on the global banking community, the growth of his business has not been an easy ride. Mr Elenjical adds: “At the beginning it was hard to establish Elenjical as a credible alternative to the established large European competitors. But by starting small and building client confidence in our abilities, over time and with patience even the biggest banking and finance houses have come to appreciate our skills.” --- # Contact Source: https://www.elenjical.com/contact Email: info@elenjical.com Phone: +27 11 883 1363 LinkedIn: https://www.linkedin.com/company/elenjical/ ## Offices - **Head Quarters** (Johannesburg, South Africa): 7th Floor, Tower 1, The MARC, 129 Rivonia Rd, Sandton, 2196 · +27 11 883 1363 · info@elenjical.com - **Hyderabad Office** (Hyderabad, India): 7th Floor, A-Block, The Square, 109/110/111/112, Wipro Circle Road, Gachibowli, Nanakramguda, Telangana - 500032 · info@elenjical.com - **London Office** (Potters Bar, United Kingdom): The Revive Centre, Darkes Lane, Potters Bar, EN6 1DE · info@elenjical.com - **Dubai Office** (Dubai, United Arab Emirates): DSO-IFZA, IFZA Properties, Dubai Silicon Oasis, Dubai, United Arab Emirates · info@elenjical.com - **Riyadh Office** (Riyadh, Saudi Arabia): Anas Ibn Malik St, Al Malqa Dist, Riyadh 13521, Kingdom of Saudi Arabia The HTML page has an enquiry form; agents should use the email address above. --- # Elenjical Developer Resources Source: https://www.elenjical.com/developers Read-only, unauthenticated access to everything on this site. No API key, sandbox or write API: Elenjical is a consultancy, not a software product. ## Start here - [llms.txt](https://www.elenjical.com/llms.txt): what the company does, when to use it, every page worth reading - [llms-full.txt](https://www.elenjical.com/llms-full.txt): the whole site as one Markdown document - [openapi.json](https://www.elenjical.com/openapi.json): OpenAPI 3.1 for the endpoints below, with operation IDs and typed schemas - [sitemap.xml](https://www.elenjical.com/sitemap.xml) · [robots.txt](https://www.elenjical.com/robots.txt) ## Every page as Markdown Send `Accept: text/markdown` to any public URL, or append `.md` to the path. Responses carry `Vary: Accept`; unsatisfiable Accept returns 406; unknown paths return a Markdown 404. ## Endpoints - **POST /api/search** - JSON `{"q":"..."}`; up to 8 results with site-relative URLs. 30 requests/min per IP. - **GET /api/search** - index status (configured, chunk count, last indexed). - **POST /api/chat** - JSON `{"messages":[{"role":"user","content":"..."}]}`; streamed plain-text answer citing [n]; sources in the base64 `X-Sources` header. 10 requests/min per IP. ## Errors Every /api error is JSON: `{"error": "", "code": "", "hint": ""}`. 429 carries `Retry-After`. Unknown /api paths return a JSON 404. ## Contact Engagements are scoped with people: info@elenjical.com · [Contact page](https://www.elenjical.com/contact)