March 3, 2020

SmartStream and Luxoft form global alliance to help financial institutions digitally transform post-trade lifecyle

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, and Luxoft, a DXC Technology Company (NYSE: DXC), today announced an agreement to help financial institutions digitally transform the entire post-trade lifecycle, enabling more efficient, streamlined and cost-effective middle- and back-office operations.

The new partnership promises to accelerate and expand the delivery of SmartStream’s solutions, leveraging Luxoft’s deep financial services domain expertise, market coverage, and premium consulting, integration and implementation credentials. According to Pierre Castagne, Global Head of Alliances, Luxoft Financial Services: “Together, SmartStream and Luxoft will help financial institutions improve operational control, build new revenue streams, mitigate risk and comply accurately with regulations”.

“Based on our successful partnership model and proven onshore/nearshore delivery expertise, Luxoft is building a powerful alliance network with market leaders and innovators across the trade lifecycle value chain,” Castagne said. “This will provide clients with specialised skills and tailored solutions that unlock agility, modernisation and cost savings”.

Günther Ruf, Director, Partner and Alliances, SmartStream commented: “Luxoft is exactly the type of organisation we were looking to partner with. They have the necessary global footprint, plus the knowledge and experience needed to help financial institutions utilise our solutions in optimising their back-office functions. It’s the perfect complement to our offering. Now it will be easier than ever for a business to increase automation levels, which results in a dramatic rise in STP rates and a lowering of the overall cost of processing. This, coupled with a significant reduction in the amount of overall errors, can greatly improve a financial firm’s customer service efforts and add to their reputation”.

No previous post

/

/

March 12, 2024
SmartStream provides derivatives data for EMIR Refit regulation
December 22, 2023
SmartStream’s response to a recent corporate network outage incident
December 11, 2023
SmartStream Honoured in Fintech Power 50 2024
November 14, 2023
SmartStream awarded Best Corporate Actions Solution at the 6th Regulation Asia Awards for Excellence 2023
October 3, 2023
SmartStream launches new collateral management solution to further enhance customer efficiencies
September 25, 2023
SmartStream appoints Akber Jaffer as Chief Executive Officer
Previous
Next