CLSA Asia-Pacific Markets, a Hong Kong-based subsidiary of Credit Lyonnais, has licensed SmartStream Technologies' Transaction Lifecycle Management (TLM) platform.
The firm will use TLM to manage its cash and securities reconciliation processes and will replace several legacy and in-house systems.
Mr Rajah, CIO of CLSA, says the platform will provide integrated, enterprise-wide audit and control from one location: "We need the ability to consolidate and control processes from a central point while seamlessly allowing users in multiple locations to use the Web to access reconciled positions, transactions and cash information in real time."