SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that its TLM solutions have received SWIFT accreditation for corporate actions, reconciliations, and exceptions and investigations management.
This is the 16th year SmartStream has received accreditation from SWIFT and further demonstrates SmartStream's commitment to keeping pace with industry standards and ongoing adherence to SWIFT compliance.
SWIFT certification is awarded to companies that demonstrate a track record of proven technology and expertise. Darryl Twiggs, EVP product Management, SmartStream, commented:
"Achieving accreditations of this nature are highly important as they show the power of our technology and how it adapts to changing market requirements. It is critical for our customers to be confident that our solutions comply with strict industry standards and are of the highest quality. This achievement further reflects SmartStream's commitment to the on-going investment in our solutions, particularly with TLM Reconciliations Premium, TLM Corona and TLM Corporate Actions".
Today's challenging market is forcing financial institutions to examine transaction management processes in order to reduce operational risk and cost. There is great pressure to realise cost and efficiency gains by replacing manually-intensive, paper-based processes with automated solutions that can increase straight-through-processing (STP) rates. TLM solutions provide a range of advanced functionality for the intra-day reconciliation of cash transactions, securities messages and confirmations.