Email Contact Phone Company Visit Website

Middle East Office Head Office

Emirates Financial Towers, Office # S703
Dubai International Financial Center, PO Box 507084
Dubai,
United Arab Emirates

Europe, Office Head Office

St Helen’s 1 Undershaft
London EC3A 8EE
United Kingdom

North America Office Head Office

One State Street Plaza, 15th Floor
New York,
NY 10004
USA

Telephone

+44 207 847 8021

Contact

www.smartstream-stp.com/connect

Back to all SmartStream Technologies announcements

SmartStream automates reconciliations across multiple asset classes for Global Top Ten Investment Bank

SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that one of the world’s largest investment banks, headquartered in the United States and with worldwide operations, has gone live with TLM® Reconciliations as its enterprise-wide reconciliation platform.

SmartStream’s client, a global leader in wholesale financial services serving one of the largest client franchises in the world, has deployed TLM Reconciliations to create an enterprise-wide centre of excellence for reconciliations. This will cover global cash reconciliations, global securities reconciliations and all asset classes, including equities, fixed income and OTC derivatives.

Implementing TLM Reconciliations in five operations centres including New York, London and Singapore, has allowed the bank to standardise and consolidate its reconciliation processes across business lines. It has also enabled the bank to move to handling intra-day reconciliations, strengthening its operational controls while reducing both cost and risk.

Lou Longhi, Regional Director, Americas, SmartStream Technologies, said the company has extensive experience building enterprise reconciliation utilities for customers.

“TLM Reconciliations has the performance and scalability essential to support a global implementation and offers the flexible data model and match rules to handle every type of traded instrument,” he added. “SmartStream has worked closely with this client on the successful large scale deployment of the TLM Reconciliations platform, which will enable the firm to manage an increasing number of instrument types and their associated volume.”