LONDON, July 2 /PRNewswire/ --     SmartStream Technologies, the Transaction Lifecycle Management
specialist, today announced that one of China's largest banks has purchased
TLM Corona to consolidate their Nostro reconciliations process.

The company which ranks as one of the world's top 20 banks
will replace an in-house developed platform by deploying TLM Corona to more
than 1,000 users in the first stage of their project. Centralising and
automating the firm's Nostro reconciliations processes on a single software
platform will provide greater control and visibility over the bank's
operations, improving capital adequacy efficiencies and ensuring assets are
utilised more effectively.

The bank will use the local language version of TLM Corona that was
launched at Sibos in Sydney (October 2006) to manage the firms Nostro
payments between counterparties using SWIFT based messaging.

Commenting on the deal, Stefan Wawrzyniak, Regional Director, SmartStream
Asia Pacific said, "We're delighted that such a significant banking force in
the region, has selected TLM Corona to help them strengthen their growing
operations. Corona has a reputation for being the world's most heavily
deployed reconciliation system and this announcement further enforces that
position."

Notes to Editors:

About SmartStream Technologies

SmartStream Technologies provides enterprise-wide, real-time
Transaction Lifecycle Management (TLM(R)) solutions that deliver sustainable
ROI through non-disruptive business transformation.

Derived from SmartStream's STP Control Architecture, TLM
solutions leverage and enhance existing infrastructure investments to
automate scalable process flows, within and beyond the enterprise, to track
and control financial transactions.

Over 1,000 clients, including more than 70 of the world's top
100 banks, rely on TLM solutions to eliminate the barriers to STP thereby
reducing operational risk and cost whilst addressing regulation and improving
customer service.

SmartStream's STP Control Architecture delivers TLM solutions
for:

- Cash Management

- Compliance

- Corporate Actions

- Enterprise Exception Management

- Reconciliations

- Trade Finance

- Trade Process Management

SmartStream's global Professional Services and Support
operations deliver successful implementations and ensure clients benefit from
their investment in TLM solutions.

The company is headquartered in the UK with direct operations
in London, Bristol, Paris, Vienna, Zurich, Frankfurt, Luxembourg, Madrid,
Milan, New York, Singapore, Beijing, Sydney and Mumbai.

Visit: www.smartstream-stp.com