Abbey Financial Markets Doubles Match Rates with SmartStream

Abbey Financial Markets (AFM) has gone live with SmartStream’s TLM Reconciliations after selecting the vendor last year. According to Steve Jennett, Head of Operations for AFM, the ROI from the project has been significant, claiming STP match rates immediately doubled when cash reconciliations went live on TLM. In a phased roll-out, migrating key reconciliations and using TLM Reconciliations’ generic matching capability, AFM has deployed the solution to automate and control the following reconciliations: inter-systems trade; custody; cash; and futures clearing broker.