SmartStream Technologies and Tata Consultancy Services enter B.I.S.S. 2005 Corporate Actions systems/services benchmarking

London, UK 14 April 2005–CityCompass, the independent facilitator of contemporary market issues affecting the financial services sector, today announced that SmartStream Technologies and Tata Consultancy Services have agreed to have their corporate actions systems benchmarked in 2005.

Gary Wright, Managing Director of CityCompass and creator of the unique business benchmarking concept said "The three years of B.I.S.S. Corporate Actions systems/services benchmarking has provided the market users with factual proof of the systems functionality and services quality in meeting the requirements of the market.

Tata Consultancy Services is a major supplier of Corporate Action systems through its flagship product NCS; this was proved conclusively in the first benchmarking and again in subsequent years. Their participation for three years running in this unique business benchmarking is sound testament to their ability to maintain ongoing systems quality, which is modern, relevant and continually meets the demands of the users. We are particularly pleased that SmartStream has agreed to participate in 2005 and showcase the functionality of their Corporate Actions system."

Mr. N.G. Subramaniam, Vice President and Head of Banking Practice, Tata Consultancy Services said "This is the third year of the B.I.S.S. Corporate Actions Benchmarking Event and Tata Consultancy Services is delighted to be a part of this prestigious event since inception"

Darryl Twiggs, Product Manager, SmartStream said "Over the last 12 months SmartStream has gained global momentum with TLM® Corporate Actions, winning implementations in every major time zone. The latest release of our application embeds the knowledge we’ve gained from working with leading institutions around the world and offers a compelling solution with a true global fit. Participating in the B.I.S.S. Benchmarking exercise is a great way to share our latest developments with the marketplace"

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