23 October 2017
visit www.atos.net

SmartStream reports TLM Reconciliations implementation

09 January 2008  |  1644 views  |  0 Source: SmartStream

SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that the Asian operations of one of the world's largest banks has gone live with TLM Reconciliations.

The banks' securities operations, based in Hong Kong, has centralised its Asian reconciliations operations onto a single platform managed by the banks' Global Reconciliations Support Team. TLM Reconciliations was chosen as the platform for this single service centre due to its ability to handle high volumes and the efficiency gains delivered by industry-leading matching rates.

The decision to create a single reconciliations platform was taken to improve back office efficiency and ensure its existing back office staff were used more effectively as transaction volumes continue to rise.

TLM Reconciliations' thin client user interface, TLM WebConnect, enables the banks' Asian teams to view the same data in a consistent manner, supporting more flexible operations. TLM's integrated exception management and workflow ensures only true exceptions are raised, enabling staff to concentrate on more critical and value-added work.

This new approach, combined with TLM's integrated reporting and audit trail is designed to deliver greater control and visibility to back office operations, reducing operational cost and risk. As a result of these efficiency gains, the bank will have a proven reconciliations infrastructure capable of scaling to meet processing needs at a competitive price.

Stefan Wawrzyniak, Regional Director for SmartStream in Asia Pacific, said: "We are delighted one of the world's largest banks is using TLM Reconciliations at the heart of its securities processing platform. Once again TLM has demonstrated that its scalability and industry-leading matching rates positions it as the natural choice for firms seeking to build centralised reconciliations hubs."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.innotribe.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
17285 views comments | 22 tweets | 35 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14398 views comments | 22 tweets | 30 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10545 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10139 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job