SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced a new partnership with EastNets, a leading provider of global compliance and payments solutions and services, and one of the world’s largest SWIFT Service Bureau’s.
EastNets, which has more than 1,000 customers and over 250 financial institutions on its Service Bureau, will act as a distributor for TLM OnDemand, offering SmartStream’s SaaS solution to its clients in the Middle East and US . The reconciliations service is a natural extension to the firm’s already established Service Bureau and offers EastNets’ clients additional strategies to control risk and cost in their business.
SmartStream’s TLM OnDemand service was designed to provide small to medium-sized firms with affordable and rapid access to the same technology that is already deployed at many of the world’s leading institutions. In addition to delivering SmartStream’s SaaS reconciliation offering, EastNets will also distribute SmartStream’s suite of TLM and Corona solutions.This is the first distribution agreement for TLM OnDemand and will enable EastNets to offer rapid on-boarding and transaction based pricing for the market-leading reconciliations solutions. EastNets and SmartStream will be holding a series of workshops over the next few months to explain to firms across the Middle East region and the US how they can take advantage of the partnership.