Wall Street Systems signs partner agreement with SCS Japan

Tokyo, 5th September 2008

Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announced that it has signed a partnership agreement with SCS, a leading Japanese company specializing in the financial market. The agreement will enable Wallstreet to better support its Japanese clients in their own country, and to bring its solutions to the wider Japanese market. Under the new agreement, SCS has been appointed as an authorized distributor of Wallstreet Suite, Wallstreet FX and Wallstreet BackOffice solutions, and as implementation services provider for the Japanese market.

As Japanese businesses come under pressure to conform with J-SOX legislation, they are looking to implement proven solutions that will enable compliance. The partnership agreement will give companies easier access to Wallstreet’s acknowledged global expertise in Sarbanes-Oxley compliant treasury solutions. Japanese financial institutions will benefit from Wallstreet’s leadership in FX and back office processing.

SCS has been working in Japan since 1969 to bring innovative, end-to-end solutions to treasuries and the financial sector. Working with clients like Japanese mega banks, SCS has demonstrated its expertise and local knowledge.

Hiroaki Kamata, Director, Executive Vice President at SCS said: “SCS is working with over 100 Japanese banks and corporates in the area of treasury, FX and back office processing. We’re excited to partner with Wallstreet so that we can further extend our offerings to the Japanese market and serve our clients even better.”

Gavin Style, managing director of sales and client services at Wallstreet, said: “This agreement is a sign of our strong commitment to growing our business in the Japan market. We already have good relationships with many Japanese organizations across the world and we are delighted that we can now support them even better in their home markets, by partnering with such a strong local player.”