UK-based Transaction Lifecycle Management solutions provider, SmartStream Technologies has partnered with Germany-based Finanz Informatik Solutions Plus GmbH with an aim to assist the former’s clients in project implementation as well as in the application management of SmartStream’s Corona solutions.

Ralf Dieringer, Division Manager for Core & Transaction Banking Solutions at Finanz Informatik Solutions Plus, commented, “This strategic partnership ensures clients in the region are getting proven solutions for their back-office and reconciliations processing requirements in a timely and efficient way to meet all regulatory and operational requirements”.

According to the supplier, the partnership will see Finanz and SmartStream digitalize the back-office for their large-scale customers as well as support the implementation of reconciliation processes including trade activities, fees, invoice control, cash and intraday liquidity management needs along with release upgrades.

Guenther Ruf, Director Business Development Alliances, SmartStream, stated,  “Finanz Informatik Solutions Plus has in-depth knowledge of the market and a collaborative approach, which will hugely benefit our clients with a full-service back-office platform designed to strengthen operational activities”.

The supplier has stated that the software’s design is aimed at reducing the transaction costs while simultaneously minimizing operational risk, thereby allowing institutions to meet their regulatory requirements.

Recently, SmartStream Technologies has partnered with Cassini Systems, a pre and post-trade margin analytics provider for buy-side derivatives trading.

by Megha Bhattacharya
Market Analyst at IBS Intelligence