SmartStream partners with Trustlink to meet growing demand in sub-Saharan Africa

By Phumeza Tontsi for Tegra Solutions
Johannesburg, 10 Apr 2013

SmartStream Technologies, the financial transaction life cycle management specialist, today announced it has appointed Trustlink to distribute SmartStream's Reconciliations and Cash & Liquidity Management solutions in sub-Saharan Africa.

Headquartered in Pretoria, Trustlink provides integrated straight through processing (STP), B2B and enterprise application integration solutions that improve cost-efficiency and increase operational reliability. Trustlink will work with SmartStream to help identify potential clients across the sub-Saharan region and to promote SmartStream's solutions for the middle and back-office.

Tertius Vermeulen, CEO, Trustlink, comments: "As the African market continues to experience rapid growth, organisations are facing major change, which in turn brings unique challenges. To meet these challenges, many firms are reviewing their existing systems and processes, and, as a result, we have started to see a high level of interest in transaction processing solutions. As the market-leading provider of transaction life cycle management, SmartStream was the obvious choice to partner with and we are delighted that we are going to be working together to provide a range of solutions that will benefit not only our existing clients, but other financial institutions across the region."

Alastair McGill, Executive Vice-President, Business Development and Alliances at SmartStream Technologies, adds: "Trustlink is already a well-established company within Africa and, as demonstrated through its recently extended appointment as the SWIFT business partner for the western, central and southern Africa region, the company is known for offering quality services, industry expertise and a high level of professionalism. By partnering with Trustlink in sub-Saharan Africa, we believe we offer clients in the region an attractive proposition: SmartStream's world-class software solutions supported and delivered by a regional team of local experts. By working together, I'm confident we can help financial institutions across the region overcome their transaction processing issues though greater automation and control."

SmartStream Technologies

SmartStream Technologies is a recognised leader in financial transaction management software that enables firms to overcome critical transaction processing issues through increased automation.

SmartStream's industry leading automated match rates create more proactive, exceptions-based processes that lower the cost per transaction while enabling firms to reduce operational risk, strengthen compliance and controls, and improve customer service.

As a result, more than 1 500 clients, including 75 of the world's top 100 banks, eight of the top 10 asset managers, and eight of the top 10 custodians, rely on SmartStream transaction life cycle management (TLM) solutions to deliver greater efficiency to their trading operations.

For more information about SmartStream and its solutions, visit: www.smartstream-stp.com.

Trustlink

Trustlink has its roots in the Perago group of companies. It was established as an autonomous company in 2006 following the international expansion of the Perago group.

From these roots, Trustlink has shown consistent growth and has established itself as a leading player in providing B2B services. Trustlink provides innovative solutions and services that enable its customers to enhance information exchange and business process integration beyond the borders of the enterprise. Trustlink is the exclusive representative in sub-Saharan Africa for select suppliers that are all recognised global leaders in their respective fields. Using the products of its partners as well as its own in-house solutions, Trustlink develops and tailors integrated STP, B2B and EAI solutions. Its solutions serve to preserve systems integrity, improve cost-efficiency, increase operational reliability and apply stringent security. Trustlink also operates the leading SWIFT service bureau in Africa, having more than 75 customers in 16 countries. It has an enviable reputation for service delivery and reliability, having previously reached 288 days of uninterrupted service availability (ie 100% uptime).

Trustlink is a dynamic company with an established customer base that spans 28 countries in sub-Saharan Africa. Its customers include major financial institutions, central banks and prestigious corporate enterprises.

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