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

SmartStream Adds AI to Reconciliation Platform

Subscribe to our newsletter

UK-based SmartStream Technologies has launched TLM Aurora Universal Data Control, an AI-enabled platform for managing the complex data underpinning firms’ reconciliations activities.

TLM Aurora UDC builds on the technology used for SmartStream’s Air, its next-generation AI solution for reconciliation processing, version 2 of which was officially launched in October last year. Air introduces advanced AI concepts like observational learning to the reconciliations and exceptions management process, helping firms meet their regulatory transaction and trade reporting requirements.

TLM Aurora UDC handles the full range of data from basic to complex matching, using AI, machine learning and cloud-native technologies. The launch is significant for SmartStream as it marks the first step in the company’s rollout of a completely re-engineered backbone, built around a microservices framework and event-driven processing.

According to Roland Brandli, strategic product manager at SmartStream, “This is an exciting proposition, because we’ve been doing a lot of development work over the last 12 months, and TLM Aurora UDC encapsulates everything that we’ve been developing. We’re moving to a completely cloud-based microservice architecture, which gives a number of advantages. Clients can deploy it on public, private or hybrid cloud, it’s scalable and it also offers flexibility.”

With banks under pressure to modify their core systems due to wide adoption by regulators of the ISO 20022 messaging standard, TLM Aurora UDC accommodates industry demands by providing a comprehensive solution that goes above and beyond basic reconciliations, Brandli says.

“It’s based on open architecture and adaptable to all banking requirements, without the need to reengineer any operational processes,” he says. “And it’s not dependent on a database. Real-time databases are notoriously bad at scaling, whereas our streaming platform and event bus is specifically designed to scale.”

The event bus, which is built around Apache’s Kafka event streaming platform, is an important factor when performing reconciliations at scale, says Brandli. “The data becomes active and drives the process. Using a streaming platform is also much more flexible, as the data model is not as rigid as it would be in a database.”

Another important element of TLM Aurora UDC is its AI capabilities, says Brandli. “One of the biggest problems that banks face is what happens when data changes. The AI can help because it automatically adjusts the data by learning from what people are doing and mimicking those patterns. By monitoring, controlling and adapting processes, and by building new processes, resources can be freed up.”

TLM Aurora Universal Data Control is designed to be adaptable to any new data requirements, connecting to different types of data to provide full reconciliation and exception management capabilities, and can be consumed via the cloud or deployed on-premise or as a managed service.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Managing Trade Surveillance

The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting sophisticated market abuses and increased regulatory risk. To address these challenges, financial institutions are...

BLOG

Delta Capita’s Elaris OTC Stitches New Rails into the Derivatives Backoffice

Over the counter (OTC) derivatives remain one of the world’s largest financial markets. Bank for International Settlements (BIS) data puts notional outstanding at roughly US $700 trillion at mid 2024. Yet pockets of manual effort still reside in day today processing with industry estimates suggesting 20% of OTC trades are confirmed and settled by email...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...