SmartStream Technologies has teamed up with Union Systems to support organisations in their digitisation strategies of post-trade environments such as liquidity transparency, reducing operational risk or moving to the processing of digital payments.
Union Systems is a provider of financial software solutions and professional services to banks in East and West Africa.
Under the new agreement, SmartStream’s transaction lifecycle management (TLM) solutions will help organisations move towards digital transformation by providing a range of solutions for the transaction lifecycle.
Commenting on the partnership, Chuks Onyebuchi, CEO of Union Systems, said: “The partnership with SmartStream to deliver its suite of TLM solutions to the region complements our existing product offering. We are particularly excited about SmartStream Air, which is a game-changer for reconciliations through its use of AI.”
Guenther Ruf, director of partners and alliances, SmartStream, stated: “Union Systems is a very reputable organisation in the region that has the knowledge we require in order to help banks strengthen their back-office functions. SmartStream’s TLM solutions increase automation levels to help drive up straight-through processing rates, bringing down the overall cost of processing, whilst at the same time improving customer service through the reduction of errors, and in addition protecting and enhancing a firm’s reputation.”
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