SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced the opening of its Bangalore office to fast track the research and development of its Data Management Services business. SmartStream currently spends 26% of revenues on R&D each year and is leading the way in back-office processing for over 1500 clients globally.
The new office will be managed by Ranganath Maligi, Head of Bangalore Data Operations for SmartStream India. His responsibilities will include recruitment as well as the overall management of the office, all in a focused effort to help grow the business, as well as meeting the R&D requirements for clients globally. Ranganath, joins SmartStream having gained vast experience in managing data operations across various banks and services companies for over 14 years.
Ranganath Maligi, Head of Bangalore Data Operations, SmartStream states: “It is exciting to be working with a company that continually invests in R&D, and one that addresses its clients’ needs on an on-going basis. We aim for this office to be the office of excellence in supporting all future client projects”.
Philippe Chambadal, CEO SmartStream Technologies, says: “Opening this office was essential to our core strategy of addressing clients’ needs through R&D. India ‘s strong growth success, key talent and a big drive for automation and quality assurance were key factors in the decision making process. My aim is to continue this commitment and to be in a strong position to ensure our clients are fully supported with quality products and excellent service”.
SmartStream’s continual product improvements are backed up by winning major awards this year including: The FTF News Awards (2013) - 'Service Provider of the Year' for Data Management Services; The FTF News Awards (2013) - 'Best Enterprise Reconciliation Solution' for TLM Reconciliations Premium; Inside Reference Data Awards (2013) - SmartStream has been awarded for the sixth consecutive year, this year's award is for 'Best Corporate Actions Vendor'; Sell-Side Technology Awards (2013) - Waters award for 'Best Sell-Side Reconciliation Platform' for TLM Reconciliations-Premium; The Asian Banker Technology Implementation Awards (2013) - 'Best Corporate Payment Project' for the successful implementation of TLM Reconciliations Premium for Accounts Receivable at Bank of America Merrill Lynch.