SmartStream partners with Finanz Informatik Solutions Plus
SmartStream, the financial transaction lifecycle management (TLM) solutions provider, has formed a partnership with Finanz Informatik Solutions Plus.
The agreement will help their German clients with implementation projects and application management of SmartStream’s Corona solutions, and their next generation TLM Aurora offerings, and will help with the digitalisation of the back-office for a number of large-scale customers in the region.
The modular design of the software reduces the costs per transaction, while minimising operational risk, and helps institutions meet regulatory requirements and improve the quality of their customer service.
Guenther Ruf, director business development alliances, SmartStream, states: “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”.
Ralf Dieringer, division manager for core and transaction banking solutions at Finanz Informatik Solutions Plus, comments: “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”.
This partnership will support reconciliation processes for financial institutions with trade activities, fees and invoice control and cash and intra-day liquidity management needs in the German market.