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 Air Integrates AI to Deliver Data Reconciliations in Seconds

Subscribe to our newsletter

SmartStream Technologies, a provider of transaction lifecycle management solutions, has released SmartStream Air, an approach to structured data reconciliation that allows business users to reconcile complex sets of data in seconds. The cloud-based solution uses artificial intelligence (AI) algorithms to auto-configure reconciliations of any data structure, and is available immediately.

SmartStream says AIR data reconciliation has been proven at a number of Tier 1 banks and has been tested with a number of customers that are are now implementing the solution. It eliminates time and effort, as well as making business users less reliant on support from operations teams and IT staff.

The solution is a product of the Innovation Lab SmartStream established last year. Andreas Burner, chief information officer at the lab, says SmartStream Air is a game changer for reconciliation and transaction control. Its machine learning models incorporate more than 20 years of experience and have been optimised to auto-configure complex scenarios. It is securely and globally accessible – no installation or configuration required – and it can automate transaction control processes and scale client productivity.

Haytham Kaddoura, CEO at SmartStream, quips: “Reconciliations have met their match!” He adds: “SmartStream Air is like having a highly skilled virtual operations team on hand that you can tap into on demand. It is an instant reconciliations solution producing accurate results within seconds. The solution is underpinned by sophisticated machine learning technology and it is continuously improving, meaning that results only get better as time goes by.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Revolutionising the Power of Corporate Actions Data

By Tim Lind, Managing Director of DTCC Data Services. We live in a deeply networked society. Information sharing has moved from primarily one-to-one communication to global networks where data and information is shared instantly and broadly. Across financial services, many organisations continue to advance their communications approach; however, integral corporate actions event data, such as...

EVENT

AI in Capital Markets Summit London

Now in its 2nd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...