SmartStream Technologies will work with Union Systems to help organizations with their digitalization strategies of post-trade environments.
Union Systems builds a variety of financial software solutions to customers in 19 African countries. Its technology empowers them to improve compliance, scale processes and boost operational efficiencies.
Solutions on offer from UnionSystems include trade finance, content management, risk and compliance, security, data analytics, visualization, signature capture, digital vouchers, identification, authentication and digital onboarding.
SmartStream provides clients with transaction lifecycle management solutions designed to improve business operations such as digital payments, reconciliations, cash and liquidity management, and more.
This deal will see SmartStream help organizations transform their platform, making use of new technology like AI and blockchain.
SmartStream director of partners and alliances Guenther Ruf said, “Union Systems is a very reputable organisation in the region that has the knowledge we require in order to help banks strengthen their back-office functions.
“SmartStream’s TLM solutions increases automation levels to help drive up STP rates, bringing down the overall cost of processing, whilst at the same time improving customer service through the reduction of errors, and in addition protecting and enhancing a firm’s reputation”
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