23 May 2018
Visit www.fingerprints.com

Kaupthing Singer & Friedlander automates reconciliations with SmartStream

17 December 2007  |  1786 views  |  0 Source: SmartStream Technologies

SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that Kaupthing Singer & Friedlander Limited has gone live on Corona for reconciliation of cash and securities, investigations and confirmations.

Kaupthing Singer & Friedlander is a specialist banking group offering products and services in corporate and private banking, treasury and asset finance. Corona is being used to automate reconciliations and exception management processes across the bank and its S&F Investment Management (SFIM) subsidiary. The solution replaces its previously manual processes and disparate systems, eliminating the need for re-keying information, reducing errors and minimising risk.

Steve Waldron, Director of Operations at Kaupthing Singer & Friedlander, commented: "As the bank continues to bring in new business, we are finding that our existing manual processes no longer meet our needs. Corona will enable us to move from monthly reconciliations to daily reconciliations, improving exception resolution times and reducing operational risk. The flexibility of the service provides the necessary capability to manage increasing transaction volumes and meet our clients' demands for new instrument types."

Richard Cummings, UK Regional Director, SmartStream, said: "While we've had a successful and long standing relationship with Kaupthing, we are delighted to have extended this to include Kaupthing Singer & Friedlander as a new client. As Kaupthing Singer & Friedlander continues to grow its operations this implementation will enable the bank to drive greater efficiencies across a broader range of instruments - ultimately supporting its drive to lower operational risk and cost."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.webex.comVisit iliad-solutions.com/Visit response.ncr.com

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9924 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8732 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7391 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6907 views comments | 7 tweets | 11 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
6652 views comments | 17 tweets | 22 linkedin

Featured job

Package guide £250-300K
London

Find your next job