Financial institutions’ operational procedures are challenged by the burden of processing corporate actions. Where missed corporate action events or erroneous elections occur, a firm’s bottom line will be impacted as any financial loss needs to be made good in the market. Client service levels, audit and reputational risks are also impaired by existing operational procedures. Improved corporate action business processes and controls can alleviate the risks associated with current inefficient practices.
SmartStream’s TLM Corporate Actions solution provides automation and proactive controls to address these challenges when processing all mandatory, mandatory with choice, and voluntary event types.
About SmartStream Technologies
SmartStream is a recognised leader in financial transaction management solutions that enables firms to improve operational control, reduce costs, build new revenue streams, mitigate risk and comply accurately with regulations.
By helping its customers through their transformative digital strategies, SmartStream provides a range of solutions for the transaction lifecycle with artificial intelligence and machine learning technologies embedded – which can also be deployed in the cloud or as managed services.
As a result, more than 2,000 clients—including 70 of the world’s top 100 banks, rely on SmartStream Transaction Lifecycle Management (TLM®) solutions to deliver greater efficiency to their operations.