Incentage, the Swiss financial services technology firm that has private banking offerings, is to establish a South African unit, aiming to reinforce its position on the African continent.

Incentage Southern Africa, said to be offering the full range of Incentage solutions, has been created in response to the firm’s large base of South African clients and will be based in Johannesburg. The new office is to be headed by Alan Pillay.

Incentage services clients such as investment management firms, market infrastructures and financial services providers as well as commercial and private banks.