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

Deutsche Bank Transformation Moves Reconciliation Services to SmartStream

Subscribe to our newsletter

Deutsche Bank has selected SmartStream Technologies’ Centre of Excellence (CoE) to provide an off-site operations platform including three services that will allow the bank to streamline, simplify and reduce the costs of its reconciliations environment. The decision to use the SmartStream managed service utility is part of the bank’s transformation programme.

The three managed services to be provided by SmartStream to Deutsche Bank cover reconciliations onboarding, production support and operational reconciliation services.

The services should make the processing of reconciliations faster and more cost-effective. The integration of the overall service will be done in a phased approach in which Deutsche Bank expects to increase productivity and reduce costs through mutualisation.

SmartStream’s Transaction Lifecycle Management (TLM) Reconciliations Premium solution performs Nostro and securities, as well intersystem, reconciliations at Deutsche Bank. These processes will be transferred to the CoE. Further efficiencies will be gained by reducing the complexity of systems, processes and technology, while creating a governance structure to define best practices for all reconciliations at the bank.

Bobby Handa, head of the global reconciliations group at Deutsche Bank, says: “This step is part of our journey to reduce the complexity of our IT environment. Modernising our reconciliation processing is critical to increasing productivity, reducing costs, as well as meeting regulatory requirements. Our aim with the CoE is to apply continuous process improvement across our business lines, as well to minimise and eliminate any likely risks.”

Haytham Kaddoura, CEO at SmartStream, adds: “As a team, we are working to provide a complete and sophisticated end-to-end reconciliations process that is designed to give the bank a competitive edge with centralised reconciliation services. This will enable growth, provide stability and mitigate risk.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Hearing from the Experts: AI Governance Best Practices

9 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical...

BLOG

GenAI and LLM Adoption in Compliance: Implementation Insights from Saifr’s Harsh Pandya

The Saifr sponsored whitepaper – From Caution to Action: How Advisory Firms are Integrating AI in Compliance – published in November, had several key themes surrounding the adoption of generative AI (GenAI) enabled technologies for compliance functions by advisors and wealth management companies. We recently covered the theme of in-house versus vendor-supplied solutions in an interview...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...