SmartStream has formed an agreement with Luxoft, a DXC Technology company, to help financial institutions “digitally transform the entire post-trade lifecycle”.
Additionally, the new partnership is set to accelerate and expand the delivery of SmartStream’s solutions, leveraging Luxoft’s financial services domain expertise, market coverage, and premium consulting, integration and implementation credentials.
According to Pierre Castagne, global head of alliances at Luxoft Financial Services, SmartStream and Luxoft will help financial institutions improve operational control and build new revenue streams.
Castagne explained that the partnership will also help financial institutions mitigate risk and comply accurately with regulations.
“Based on our successful partnership model and proven onshore/nearshore delivery expertise, Luxoft is building a powerful alliance network with market leaders and innovators across the trade lifecycle value chain,” Castagne added.
Günther Ruf, director, partner and alliances, SmartStream, commented: “Now it will be easier than ever for a business to increase automation levels, which results in a dramatic rise in straight-through processing rates and a lowering of the overall cost of processing. This, coupled with a significant reduction in the amount of overall errors, can greatly improve a financial firm’s customer service efforts and add to their reputation.”
