TGT Chibo Data Service will provide the local infrastructure and local representation, whilst SmartStream will provide proven post-trade processing technology for the local market. The addition of SmartStream’s solutions will enable TGT Chibo to provide a full suite of back-office operational capabilities to the Chinese banking market.

“For the past year, we have received many requests from Chinese banks wanting help in streamlining their back-office operations and maintaining regulatory compliance. The strategic partnership with TGT Chibo Data Service is a natural one which complements our work in the region, we are already working together to play an important role in supporting the local banks. In addition, having a regional partner will enable us to extend our value to the market and to strengthen our position in Asia”, said Mark Taylor, Regional Director Asia Pacific, SmartStream.