NEWS RELEASE

xx Nov, 2009
xx/09

SmartStream appoints Asia Business Connections
as a partner in Indonesia

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has appointed Asia Business Connections (ABC) as a distribution partner for SmartStream’s full range of TLM solutions in Indonesia.

ABC is a Singapore based company that acts in an advisory capacity to financial institutions in the Asia Pacific region. It offers expertise in specific fields such as treasury, governance, risk management, payments, wholesale banking, wealth management and compliance. ABC will work with SmartStream to help identify potential clients across the region and to promote SmartStream’s solutions for the middle and back office.

Alan Talbot, Director at ABC, said: “ABC’s mission is to bring innovative and proven software solutions to the Asia Pacific financial services sector including Indonesia. SmartStream is recognised as a leader in delivering financial technology solutions and we believe that the TLM solution suite can add value to our clients by helping them to deliver more efficient and cost-effective operations. We look forward to combining the strength of SmartStream’s solutions with our market knowledge and therefore being able to help organisations across the region to introduce greater levels of automation and control.”

Alastair McGill, Business Development and Alliances Director, SmartStream Technologies, said: “I’m delighted to welcome Asia Business Connections to the SmartStream Partner Program, which further strengthens SmartStream’s capabilities in the region. Throughout Asia, organisations are going through a period of unprecedented change and each faces its own unique challenges. Partnering with ABC offers SmartStream access to an extensive network of contacts, unparalleled experience and market intelligence. I look forward to working with them to offer SmartStream’s market-leading solutions to firms in Indonesia to meet institutions’ transaction processing needs.”

Ends

For further information

Please contact:

Geoff Whitehouse, Communications Manager, SmartStream Technologies
+44 (0)20 7898 0633
email: geoff.whitehouse@smartstream-stp.com

Or visit: www.smartstream-stp.com

Notes to Editors

About SmartStream Technologies

SmartStream Technologies provides industry-leading Transaction Lifecycle Management (TLM^®) solutions that automate complex process flows to efficiently process, track and manage financial transactions.

1,000 clients, including more than 75 of the world’s top 100 banks, rely on SmartStream’s solutions to reduce operational risk and cost while addressing regulation and improving customer service.

For more information about SmartStream and our solutions visit: www.smartstream-stp.com

About Asia Business Connections

ABC is a sales and advisory company based out of Singapore. Owned and managed by industry veterans, its up-to-date expertise and working knowledge of the Asia marketplace is underpinned by decades of hands-on experience working for some of the world leading IT vendors, marketing and selling software products and services across the culturally diverse Asia financial communities.

ABC gives its Principals and partners instant access to an unequalled depth of market knowledge in the Asian and Gulf financial industries. ABC's principals and partners benefit from this market knowledge with a fast, risk-averse and economical approach to doing business in these regions. This is achieved via a pragmatic, results-oriented approach that values communication, performance measurement, target achievement, and client satisfaction above all else. ABC provides its Principals and partners with an efficient, rapid and cost-effective entry into the most dynamic markets in across Asia and the Middle East. This is achieved by facilitating interaction via established contacts within Banks, Corporations, Vendors, Consulting Companies and many other local and international organisations.