LONDON - Thursday, November 19th 2015 [ME NewsWire] (BUSINESS WIRE) -- SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced that leading global broker Societe Generale Prime Services, has selected SmartStream’s TLM Reconciliations Premium and TLM SmartRecs solutions for its internal and external brokerage, and Exchange Traded Derivatives (ETD) reconciliations. As part of a larger Brokerage Remediation programme, TLM Reconciliations Premium will be used across multiple departments to deliver additional risk and control points. The solution will be delivered as a BPO service via SmartStream’s Centre of Excellence (CoE), and Societe Generale will have global access to directly on-board reconciliations. TLM SmartRecs will be used to ensure that this on-boarding process is fast and efficient as possible. Mark Taylor, Sales Director Asia Pacific, SmartStream comments: “Societe Generale required an easy-to-use solution with the shortest time-to- ... Read more »

Companies marked new agreement with signing ceremony at SIBOS Dubai, United Arab Emirates - Thursday, November 19th 2015 [ME NewsWire] (BUSINESS WIRE)-- First Gulf Bank (FGB), one of the leading banks in the United Arab Emirates, has selected Wells Fargo & Company as their primary USD Treasury clearer. This new agreement, which was recently announced at SIBOS, expands FGB’s longstanding payments and cash management relationship with Wells Fargo. FGB provides a full range of financial products and services through its Wholesale & International, Consumer and Treasury & Global Markets businesses. “We are glad to expand the cooperation between our two institutions,” said Christopher Wilmot, head of FGB Treasury & Global Markets Group. “We greatly value Wells Fargo’s continued commitment to growing the relationship and helping us to improve the service for our customers through their network support.” “As one of the largest providers of liquidity to the U.S. payment systems, our proce ... Read more »