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UK-based SmartStream Technologies, a provider of financial transaction management solutions, has opened its first south-east US office in Jacksonville, Florida, to better serve the local market and support continued growth in the global fintech space.

The new branch opens with 20 employees and will focus on providing technology and business support services, client onboarding, professional services and solution pre-sales. While some executives and staff will be relocating from New York, most of the employees will be hired from the region.

In a press release, chief executive officer Haytham Kaddoura said: “Dedicated to the development and support of our services we wanted a site that was near customers, offered a pool of available talent and was located in an area that was conducive to doing business. After researching potential locations Jacksonville was a logical choice and once we met with development officials we were certain we had made the right decision.”

SmartStream Technologies currently employs more than 1,000 staff across 25 global offices.

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By GlobalData