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SmartStream announces Lighthouse as new partner in South Africa

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that Lighthouse Technology Services has been appointed as an official distribution partner for the company’s TLM solutions in the South African market.

Lighthouse specialises in the delivery of services, primarily but not exclusively, to the financial sector in Southern Africa with clients including banks, asset managers, third party administrators and insurance companies. Initially, it will act as a distributor for SmartStream’s TLM Reconciliations, TLM Cash Management and TLM Treasury Confirmations solutions.

Stuart Meyer, Sales Director at Lighthouse said: “SmartStream is a recognised leader in the financial technology space offering a range of solutions that solve critical transaction processing issues for firms of all sizes. As the South African market has developed the need for greater automation of critical business processes has also increased; by combining the strength of SmartStream’s proven solutions with our market knowledge we believe we can offer firms the solutions they need to create more efficient and effective operations. SmartStream also has a number of new solutions and services under development that we believe will offer a huge risk reduction and cost benefit to local firms.”

John Mason, UK Regional Director at SmartStream, commented: “SmartStream has seen significant interest in its solutions from South African firms looking to introduce greater levels of automation and control. Working with Lighthouse will enable SmartStream to offer our wider range of TLM solutions, such as Cash Management and Treasury Confirmations, to help local firms drive down operational risk and cost.”