The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SmartStream Announces Partnership with Longtop to Distribute TLM Solutions Across China

Share article

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has formed a new partnership with Longtop, a software development and solutions provider targeting the financial services industry in China. Longtop will integrate SmartStream’s suite of Transaction Lifecycle Management (TLM) solutions to complement its existing technologies and services.

Longtop’s expertise across the financial sectors and its broad portfolio of services will also help to complement and expand SmartStream’s presence in the Chinese market. SmartStream already has a number of local clients from state-controlled banks and nation-wide commercial banks through to city commercial banks and rural banks.

Li Shu, a senior vice president at Longtop, commented: “In the area of international settlement and comprehensive reconciliation, SmartStream products are leading in the industry. It’s our great pleasure to work together with SmartStream and the partnership will definitely enhance Longtop’s capacity in providing qualified services in international settlement and reconciliation solutions for banks. Longtop will set up a dedicated team to work with SmartStream for product sales, pre-sales, solutions implementation and maintenance.”

Alastair McGill, executive vice president of business development and alliances at SmartStream Technologies, added: “I’m delighted that we have partnered with Longtop to further strengthen our distribution and customer service capabilities in a strategically important region. The combined strengths of our two organisations offers China’s leading financial services firms access to leading edge transaction processing solutions and services that will remove back office limitations and support them as their continued rapid growth. The immediate focus of our partnership will be to help firms increase the automation and risk control within their trade finance and reconciliation operations – as these are two pain points clients are experiencing today. However, over time I expect the partnership to grow and hope to see SmartStream and Longtop exploit the value the rest of our solution suite can bring to the Chinese market.”

Related content

WEBINAR

Recorded Webinar: How to leverage the LIBOR transition to improve your data management game

The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...

BLOG

ISO Standardises Process of Embedding LEIs in Digital Certificates

ISO has defined a standard approach for Certification Authorities to embed Legal Entity Identifiers (LEIs) within digital certificates. The move to simplify LEI integration paves the way for all digital certificates to be linked by a universal identifier to verified and regularly updated entity reference data, in a freely accessible repository, and also can contain the...

EVENT

Data Management Summit London

Now in its 10th year, the Data Management Summit (DMS) in London explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

The Data Management Challenges of Client Onboarding and KYC

This special report accompanies a webinar we held on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. You can register here to get immediate...