SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that 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 lifecycle 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 that we can help financial institutions across the region overcome their transaction processing issues though greater automation and control."