About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Asian Ops of Tier 1 European Bank Selects SmartStream’s TLM Corporate Actions

Subscribe to our newsletter

The Asian operations of a tier 1 European bank has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) Corporate Actions solution with a view to improving processing efficiency throughout the corporate event lifecycle and reduce risk. According to the vendor, the solution allows the bank to achieve automation in previously highly manual processes.

The bank’s operations in Hong Kong, which serve as a regional hub for Asia, sought to replace its existing manual corporate event processing with an automated solution, says Richard Cummings, Asia Pacific regional director at SmartStream. The bank hopes the solution will enable it to scrub and cleanse event notifications from multiple parties including custodians, Bloomberg, and several stock exchanges more efficiently.

During the selection process, SmartStream claims it offered the most functionally-rich solution available to match the bank’s needs. The solution will therefore enable the automated processing of initial event notifications, elections, entitlement calculation and payment notifications.

Cummings says: “As competition for business increases across Asia, existing manual processing of events is costly, error prone and creates an unnecessary risk to the organisation.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to optimise SaaS data management solutions

Software-as-a-Service (SaaS) data management solutions go hand-in-hand with cloud technology, delivering not only SaaS benefits of agility, a reduced on-premise footprint and access to third-party expertise, but also the fast data delivery, productivity and efficiency gains provided by the cloud. This webinar will focus on the essentials of SaaS data management, including practical guidance on...

BLOG

Wilshire Indexes Selects Alveo Data-as-a-Service for Corporate Actions Data Management

Wilshire Indexes, provider of a global benchmark platform that helps institutional investors, asset managers and retail intermediaries solve benchmarking, portfolio construction, and risk management challenges, has selected Alveo’s Data-as-a-Service (DaaS) solution for corporate actions data management. The Alveo solution sources, cross-references, compares and validates corporate actions from multiple data vendors. In case of discrepancies, the...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...