SmartStream partner with Alliance Factors to further support the Russian market

London - 11 June 2013

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced a partnership with Alliance Factors, a financial services solutions provider and SWIFT service bureau, based in Russia – to meet the demands of a growing client base in the region.

Alliance Factors specialises in business-to-business payments, back-office automation, compliance management and other STP-based solutions. Together with SmartStream they will help the Russian client base address STP driven challenges in the back-office for reconciliations across all asset classes, cash and liquidity management, corporate actions and data management services.

Alastair McGill, Executive Vice President, Business Development and Alliances, SmartStream Technologies, says: “Alliance Factors have good practical on-ground experience and skilled staff and are therefore able to provide high quality services including consulting, implementation, training and maintenance for our strong pipeline of customers in the region. I am confident that together we will help Russian financial institutions to further improve their back-office processing requirements”.

Alexander Kusheverskiy, Chief Executive Officer, Member of the Board, Alliance Factors, states: “As a team we will be able to provide a cost-effective back-office processing solutions for our Russian clients. There is a need in this market, as in any market, to look at further improving processing, reducing costs and focusing on customer needs and profitability. We look forward to working with the SmartStream team”.