SmartStream appoints Akber Jaffer as new Chief Executive Officer

By Gloria Methri

SmartStream, the financial Transaction Lifecycle Management (TLM) solutions provider, has announced the appointment of Akber Jaffer as its new Chief Executive Officer.

Having spent several years in both start-up and scaled software and technology businesses, Jaffer is a leader with a passion for technology and a dedication to execution and client focus. He recently worked in senior leadership roles at Finastra and Colt Technology Services.

Commenting on the appointment, Khalifa AlDaboos, Chairman of the Board, said, “We warmly welcome Akber Jaffer as our new SmartStream CEO. He brings a distinguished career in financial services and software to our organisation. His wide-ranging experience and track record of success make him ideally suited to lead SmartStream. I am confident that under his leadership, our company will continue to flourish.”

Akber Jaffer, CEO of SmartStream said, “I am honored and thrilled to join SmartStream as CEO. I believe in the company’s mission, and I am committed to building upon its broad and excellent capabilities. Together with the talented team of colleagues who have been instrumental in the company’s success, we will continue to deliver market-leading solutions and drive value for our customers and partners”

Haytham Kaddoura, former CEO of SmartStream, said, “We are confident that Akber is the right leader to take SmartStream to new heights. His extensive experience and vision align perfectly with the company’s mission and he will drive the development of new technologies to meet the demands of the industry.”

SmartStream expressed its gratitude to Kaddoura for his contributions during his tenure and wishes him success in his future endeavors while welcoming him to the Board of the company.

SmartStream is a specialist in financial transaction management solutions that enable firms to improve operational control, reduce costs, build new revenue streams, mitigate risk, and comply with regulators. By helping its customers through their transformative digital strategies, the company provides a range of solutions for the transaction lifecycle with AI and machine learning technologies embedded – which can be deployed in the cloud or as managed services.

As a result, more than 2,000 clients – including 100 global banks – rely on SmartStream Transaction Lifecycle Management (TLM) solutions to deliver greater efficiency to their operations.