SmartStream launches Intra-Day cash module

SmartStream launches Intra-Day cash module

SmartStream Technologies has introduced a new module to its reconciliations suite which enables financial institutions to predict real-time cash balances without waiting for end-of-day reporting.

SmartStream Intra-Day uses Swift cash movement advice messages (MT900/910) and matching against submitted payment/receive messages (MT200/210) to enable real-time cash information to be passed between a financial institution and its counterparties. Banks can then forecast and act immediately to manage outstanding exposure, says the vendor.

Darryl Twiggs, SmartStream Technologies' product manager for Intra-Day, says: "We recognised the demand for real-time cash reporting to enable clients to identify high-risk, slow-to-settle transactions as early as possible in the trade lifecycle to reduce their risk exposure."

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