SmartStream appoints Kris FinSoft as distribution partner for TLM Corona in the Philippines

4 February 2014

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has appointed Kris FinSoft as a distribution partner for SmartStream’s TLM Corona solution in the Philippines.

Kris FinSoft is a world-class provider of Treasury, Risk, IFRS, Core Banking and Private Banking solutions with offices in Singapore and the Philippines. The company was established by banking industry veterans, led by Krishan Grover, with a number of years’ experience in providing innovative and practical solutions to financial institutions across the APAC region. Kris FinSoft will work with SmartStream to help organisations in the Philippines to meet their transaction processing needs through middle and back-office automation.

Krishan Grover, Founder and CEO at Kris FinSoft, comments: “Kris FinSoft has been adding to its rich portfolio of world class products and services that banks in the Philippines need to meet their changing business requirements. Middle and back-office automation is an important area for organisations looking to increase efficiency and SmartStream was the obvious choice as a partner with experience in this area. TLM Corona is an integrated system for all types of reconciliation, from nostro through to inter-system, and has been implemented at over 1,500 sites globally. We look forward to working with SmartStream to ensure financial institutions in the Philippines can achieve the benefits of implementing TLM Corona that other banks across the globe are already realising.”

Alastair McGill, EVP Business Development and Alliances, SmartStream Technologies, said: “I’m delighted to welcome Kris FinSoft to the SmartStream Partner Programme. The financial services industry in the Philippines is going through rapid change as the market matures and we believe we can add real value by helping organisations to deliver more efficient and cost-effective operations. I am excited about the opportunities presented by combining the strength of TLM Corona with Kris FinSoft’s market knowledge to enable organisations in the Philippines to introduce greater levels of automation and control.”

TLM Corona is a SWIFT Certified, modular application that addresses the reconciliation and exception management needs of institutions of all sizes. It provides greater transaction management control whilst its out-of-the-box functionality enables firms to significantly reduce their time to benefit.

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