SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced the successful launch of its new Middle East regional office in Dubai.

Executives representing more than 70 institutions gathered at The Gate, DIFC, to hear SmartStream’s CEO Ken Archer discuss the company’s expansion plans for the region. Archer acknowledged the importance of the Middle Eastern market and described the company’s new office in Dubai as the first entry point into the fast growing and strategically important market.

“This office is a milestone in SmartStream’s history and I hope will be the first of several direct operations that we establish across the Middle East to serve the large and diverse financial services community here,” he said. “The region is an important one both to us as a company and the wider financial services sector when you see the work that is being undertaken here to create innovative post-trade infrastructures.”

During the event, Archer also outlined the reasons for creating a direct operation and the benefits SmartStream’s expertise in delivering greater automation can bring to the middle and back office.

“SmartStream’s success to date – creating market leading software that brings unparalleled visibility and control to the middle and back office – is due to our desire to be a long-term strategic partner. That desire coupled with our knowledge and technical ability is why today we can count more than 75 of the world’s top 100 banks as our clients. By listening to them and understanding their issues we can help to deliver true operational advantage, whether that is reducing their transactional costs or helping them cope with predicted volume increases,” he explained. “We invest heavily in our client relationships to understand their critical business issues and create compelling solutions. Our Dubai office will work with institutions here in the Middle East to use our existing solutions, or where necessary, invest in building new ones to solve the region’s operational challenges.”

SmartStream is following the launch with a series of workshops that will demonstrate the value the company’s Transaction Lifecycle Management technology to new prospects and how it can benefit their organisations.