SmartStream Technologies, a financial transaction lifecycle management (TLM) specialist, 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 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, senior vice president at Longtop, said: “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.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.