KUALA LUMPUR, Sept 12 (Bernama) -- SmartStream Technologies - the financial Transaction Lifecycle Management (TLM) solutions provider - has appointed TGT Chibo Data Service as an official distributor partner for SmartStream’s TLM solutions in the mainland market.
The addition of SmartStream’s solutions will enable TGT Chibo to provide a full suite of back-office operational capabilities to the Chinese banking market and enable the SmartStream to extend its value to the market and to strengthen its position in Asia.
TGT Chibo Data Service is one of the leading technology services and payment solution providers in China, a statement said.
“The strategic partnership with TGT Chibo Data Service is a natural one which complements our work in the region, we are already working together to play an important role in supporting the local banks,” said regional director Asia Pacific, SmartStream, Mark Taylor.
The new agreement will allow TGT Chibo Data Service to initially market SmartStream’s reconciliations solutions to the financial sector in China, including banks, asset managers and third party administrators.
TGT Chibo Data Service will provide the local infrastructure and local representation, whilst SmartStream will provide proven post-trade processing technology for the local market.
-- BERNAMA
-- BERNAMA
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