SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) specialist, today announced that its Corona solution has been awarded the SWIFT Certified Application - Exceptions and Investigations label for 2016, which is the 8th renewal since the label’s inception.
SmartStream’s Corona is a modular transaction lifecycle management application for institutions of all sizes. Its seamless integration of SWIFT certified exceptions and investigations management enables users to automate manual processes and detect problems early on in the transaction lifecycle. As a result, Corona users are able to resolve and repair exceptions faster, thereby lowering their cost-per-transaction.
Filip Versluys, Head of Business Architecture and Partner Framework at SWIFT, commented: “We are delighted that SmartStream continues to work with SWIFT to drive the market forward for the benefit of our mutual customers. Corona is an example of SmartStream continuing to offer a standards-based approach to automating reconciliations and related investigations processes to reduce risk and cost. The out-of-the-box delivery of E&I within Corona, which fully supports SWIFT’s E&I messages and is fully compliant with the E&I Rulebook, ensures customers can quickly take advantage of the new standards without further configuration. The SWIFT Certified Application accreditation now gives institutions even greater assurances that Corona version 7 adheres to specific SWIFT criteria to deliver a complete, integrated business solution.”
Christian Schiebl, Executive Vice President at SmartStream, added: “We at Corona believe that we constantly have to challenge the status quo of banking operations in order to make them easier, faster and less error-prone. Achieving accreditations is highly important as they show the power of our technology and how it adapts to the changing market requirements. This achievement further reflects SmartStream’s commitment to the on-going investment in our solutions, particularly with Corona.”