SmartStream, a provider of Financial Transaction Lifecycle Management (TLM®) solutions, has announced the appointment of Akber Jaffer as its new Chief Executive Officer (CEO), effective from September 19, 2023.

Acknowledging Jaffer's Financial Services Expertise

Jaffer is a seasoned leader with a deep-rooted passion for technology and a strong commitment to client-focused execution. He brings a wealth of experience to his new role. Having held senior leadership positions at Finastra and Colt Technology Services, he is well-equipped to lead SmartStream into its next phase of growth and development.

Khalifa AlDaboos, the Chairman of the Board, expressed his warm welcome to Jaffer, having stated: "We warmly welcome Jaffer as our new SmartStream CEO. He brings a distinguished career in financial services and software to our organization. His wide-ranging experience and track record of success make him ideally suited to lead SmartStream. I am confident that under his leadership, our company will continue to flourish."

In response to his appointment, Jaffer expressed his enthusiasm for the company's mission when he said: "I am honored and thrilled to join SmartStream as CEO. I believe in the company's mission, and I am committed to build upon its broad and excellent capabilities. Together with the talented team of colleagues who have been instrumental in the company’s success, we will continue to deliver market leading solutions and drive value for our customers and partners."

SmartStream Appoints Akber Jaffer as Chief Executive Officer https://t.co/2N77DhMOz8 pic.twitter.com/33dp84kpFE

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Haytham Kaddoura, the former CEO of SmartStream, voiced his confidence in Akber's leadership, when he mentioned: "We are confident that Akber is the right leader to take SmartStream to new heights. His extensive experience and vision align perfectly with the company's mission, and he will drive the development of new technologies to meet the demands of the industry."

Risk Mitigation and Regulatory Compliance: Key Objectives of SmartStream

SmartStream is recognized in financial transaction management solutions, providing firms with tools to enhance operational control. It reduces costs, creates new revenue streams, mitigates risk, and maintains compliance with regulators. The company employs technologies, including AI and machine learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term, which are seamlessly integrated into its solutions, and available for deployment in the cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term or as managed services.

Additionally, the company expressed its gratitude to Haytham Kaddoura for his contributions during his tenure and wished him success in his future endeavors while welcoming him to the Board. With a renewed focus on growth and innovation, SmartStream, under Jaffer's leadership, is poised to continue delivering financial transaction management solutions to its clients and partners while solidifying its position in the industry.