SmartStream Technologies, the financial Transaction Lifecycle Management specialist, has expanded its global operations with a new office in Tokyo.
SmartStream has established a client base of both regional banks and mega-banks through its local distribution partners, who to date have focused on selling and supporting the companys market leading reconciliations solutions. The launch of a direct presence in the market signals SmartStreams intent to expand the range of its middle and back office solutions available to the Japanese market both through a direct sales operation and through a broader array of channel partners.
The new operation will be led by Eiichi Matsumoto who joins SmartStream as Country Manager for Japan.
SmartStream has transformed itself over the last few years bringing a wealth of new middle and back-office automation solutions to market, says Matsumoto. I believe the climate in the Japanese market is such that firms are being forced to seek ways to achieve greater efficiency, control and drive unwanted costs from their business. SmartStream is in a strong position to help these firms, by working directly with them and through their local partners and trusted advisors.
SmartStream has recently announced new Reconciliations and Corporate Actions solutions. These solutions together with the companys Cash Management and Trade Process Management solutions will be made available in Japanese.
To launch SmartStreams new Japanese operations, the office will be hosting a series of client-focused events over the coming months.
D.C.