SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced its participation at the Asian Financial Services Congress (AFSC), one of Asia's most influential gathering of financial services practitioners being held in Singapore from the 26th -27th of February.

SmartStream will be presenting its full range of industry-leading Transaction Lifecycle Management (TLM) solutions, including TLM Reconciliations, TLM Cash Management and TLM Trade Process Management at the show. The company will demonstrate how automation with TLM can drive down operational risk and cost for banks, asset managers, broker dealers, custodians, insurers and corporations.

Richard Cummings, Regional Director - Asia Pacific at SmartStream, said: “As the ‘credit crunch’ continues to impact the global financial markets, institutions are seeking new strategies to drive out unnecessary operational risk, reduce their processing costs and address increasing regulation. SmartStream has firmly established itself as a leading provider of essential, industry-proven processing software that creates more efficient, cost-effective and compliant operations. We are delighted to be demonstrating these at AFSC to show clients how we are continually developing the TLM suite to meet their operational needs.”

Presented by Financial Insights, in collaboration with International Enterprise (IE) Singapore, the AFSC features the FinTech Asia and InsureTech Asia conferences, and the Financial Insights Innovation Awards (FIIA). The congress will host speakers from some of the biggest and most dynamic regional and global financial players who will relay their experiences in not only sustaining, but growing their businesses in such severe economic conditions.

Cummings adds: “By establishing a presence at AFSC, SmartStream will demonstrate first-hand the value TLM can bring to institutions in the world’s fastest growing region. We’ve seen significant interest in our cash management and trade process management solutions where we can strip out manual processing and replace it with automated, workflow-based software that enables firms to deliver more proactive operations. This approach makes the middle and back office more efficient and effective can help to turn it from a pure cost centre into an enterprise-wide, value-added resource that can serve the needs of multiple lines of business within an institution.”