London 25th June 2003. SmartStream Technologies has appointed senior
industry specialist Neil Vernon from PaceMetrics to the role of Product
Manager, for its TLM? (Transaction Lifecycle Management) solution - a key
component in the delivery of SmartStream's STP Control Architecture.
Previously, Vernon was Product Director for PaceMetrics where he was
responsible for implementing STP solutions at HypoVereinsbank, ABN AMRO,
Deutsche and Lehman Brothers amongst other banks. Prior to this, he worked for Swiss Bank Corporation where he was responsible for back office STP and efficiency solutions. During his career, Vernon has also been instrumental
in designing STP solutions for Sun and IBM.
Kulvinder Kandola, Development Director, SmartStream Technologies, said: "The appointment of such prominent industry figure dedicated to TLM is testament to its strategic importance and the success we have seen with the
product to date. TLM is set become the STP standard in our industry and our
accelerated investment in the very best skills is a crucial part of our
Neil Vernon, SmartStream Technologies commented on his appointment: "Business focus in the past has been mainly on STP and exception management of post settlement fails. Little or no focus has been placed on pre settlement event management and correction during the process. I believe that transaction lifecycle automation is critical to future operations. As trade processing becomes even more complex, an integrated view of business processes will become a critical value proposition allowing clients to know exactly where things have gone wrong and enabling real time rectification - I intend to drive TLM further into this area."
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