SMARTSTREAM FURTHER EXPANDS PRESENCE IN ASIA WITH NEW CHINESE PARTNER TGT CHIBO DATA SERVICE

SINGAPORE, Sept 12 (Bernama-BUSINESS WIRE) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the appointment of TGT Chibo Data Service, one of the leading technology services and payment solution providers in China, as an official distributor partner for SmartStream’s TLM solutions in the Mainland market. This new agreement will allow TGT Chibo Data Service to initially market SmartStream’s reconciliations solutions to the financial sector in China, including banks, asset managers and third party administrators. TGT Chibo Data Service will provide the local infrastructure and local representation, whilst SmartStream will provide proven post-trade processing technology for the local market. The addition of SmartStream’s solutions will enable TGT Chibo to provide a full suite of back-office operational capabilities to the Chinese banking market.

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