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: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

S&P Builds Private Markets-Trained AI Document Search Tool for iLevel Platform

S&P Global Market Intelligence has expanded its private markets data and technology platform iLevel with the addition of AI Document Search, a module that is built on large language models (LLMs) trained specifically to aid participants in the fast-growing alternative assets sector. The new tool enables general partners (GPs), who manage funds on behalf of...

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

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...