SmartStream, the financial Transaction Lifecycle Management specialist, today announced it has made the American Banker’s FinTech 100 rankings for the fourth consecutive year, rising 10 places after an impressive year of growth.
The ranking, created through in-depth research by IDC Financial Insights, The American Banker, Bank Technology News and William Mills Agency, highlighted SmartStream’s significant rise up the table. The American Banker, in its review of the 2010 rankings noted the company's continued expansion, “showing impressive business growth in challenging times."
Philippe Chambadal, CEO of SmartStream, commented: “Despite difficult market conditions as the fallout from the financial crisis continued, 2010 has been a considerable success for SmartStream, with the company winning more industry awards and accreditations and delivering considerable growth. In particular TLM Cash Management gained a number of significant new clients, including Saxo Bank, due to its ability to deliver substantial cost savings and increasing the efficiency of nostro management though greater automation. The company’s growth can also be attributed to our continued innovation, with our DClear Reference Data management services and our SaaS-based reconciliation solution, TLM OnDemand, gaining significant new clients globally.”