Dubai, United Arab Emirates – 1 September, 2015: SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has been selected by Huawei to provide best-of-breed transaction processing solutions that support Huawei’s infrastructure solutions in the enterprise business within the Middle East markets.
Huawei is a leading global ICT solutions provider. In the enterprise domain, Huawei’s strategy is to focus on close co-operation and integration with partners to deliver a wide range of highly efficient, customer-centric solutions based on a deep understanding of customer needs. Huawei’s strategy in the enterprise market is to partner with best-of-breed providers. The company recognized a requirement for middle and back-office automation applications and, after evaluating the marketplace, selected SmartStream as its partner of choice.
Pritesh Kotecha, Senior Vice President, Middle East, Turkey, South Asia and Africa at SmartStream Technologies, said: “Both SmartStream and Huawei have an extensive customer base in the Middle East and this alliance will provide value-added applications that enable institutions in the region to attain greater ROI from their infrastructure services. Our teams in the Middle East will be working closely together to ensure that the solutions Huawei provides are supported by market-leading applications for operational risk, payments risk, liquidity risk, and enterprise fees and billing. Our integrated solutions are already running within Huawei’s Executive Briefing Centres meaning that clients in the region can quickly achieve strong ROI, from an alliance they can trust.”
Moustafa Nagi, Regional Vice President – Financial Services Industry at Huawei, Middle East, commented: “Huawei works with leading providers across the region to ensure we are providing a full range of infrastructure solutions that meet market needs. There is a huge requirement for solutions and applications that increase operational efficiency within financial services. As the world’s leading provider of reconciliations and investigations solutions, SmartStream was the obvious choice for this alliance and we look forward to working closely with the team to jointly address the requirements of the financial institutions of the Middle East region”.