SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has partnered with Serisys to bring SmartStream’s Data Management Services to China, Japan and the ASEAN region.

Serisys is based in Hong Kong with offices in Shanghai, Tokyo, Singapore and Bangkok. It provides IT services to the capital markets and banking industries in Asia. Serisys will work with SmartStream to distribute Data Management Services across Asia through its dedicated sales and support teams. The services will initially include Data Aggregation, Cleansing and Enrichment of: instrument securities master; exchange traded derivatives; corporate actions; global holiday calendar; indices; exchange traded funds; legal entities and hierarchies; end-of-day and on-demand pricing. However, the ambition is to extend the range of managed data services to provide the highest coverage for Middle and Back Office operations across the region. Organisations that will benefit from these services include global universal banks, wholesale banks, brokers, exchanges and clearing houses, asset managers, hedge funds, wealth managers, custodians and fund administrators.

Tim Marsh, Chairman at Serisys, said: “Serisys’s mission is to supply world-class, next-generation Application Services and Solutions to the Capital Markets and Banking industries across Asia. I believe this partnership with SmartStream is a positive step towards this and SmartStream’s solutions support our strategy of providing flexibility, operational efficiency and scalability to these industries in Asia. SmartStream is recognised as a leader in delivering financial technology solutions and we look forward to working together to enable financial institutions in Asia to leapfrog the legacy IT issues being faced by their counterparts in western markets”.

Alastair McGill, EVP, Business Development & Alliances, SmartStream Technologies, said: “I’m delighted that we have partnered with Serisys to help us further penetrate the market for Data Management Services in Asia. By partnering with a well-respected pan-Asian company, we gain access to an extensive network of contacts, unparalleled experience and market intelligence. I believe that our combined strengths of proven technology, industry knowledge and regional expertise will enable us to deliver significant benefits to a region with great potential for growth”.