The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

US-based Bank Picks SmartStream TLM Corporate Actions

An unspecified US-based banking institution has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) Corporate Actions solution to create a global utility for corporate actions processing.

According to the vendor, the bank is already an existing SmartStream TLM customer and will use TLM Corporate Actions for its global wealth management and institutional business units. At the same time the firm is expanding its use of TLM Reconciliations to replace existing solutions at the bank. The bank hopes to gain operational efficiencies by centralising its transaction processing across business units and benefiting from technology and process consolidation.

SmartStream’s business process management (BPM) solution, TLM Control, will be used for integrating messaging and communication from external systems and databases into TLM Reconciliations and TLM Corporate Actions, says the vendor.

Lou Longhi, managing director, Americas, SmartStream Technologies, says: “This deal highlights the close relationship we have built with this customer, listening to their business needs and objectives. We understood the issues they were facing and were likely to encounter over the next five years and demonstrated we had the solution to match those criteria.”

Related content

WEBINAR

Recorded Webinar: Strategies, technologies and services for successful corporate actions automation

Rising volumes and increasing complexity of corporate actions are challenging market participants’ efforts to reconcile data, automate corporate actions processing, and contain costs. The culprits causing these challenges include legacy systems, missing skills, manual processes, data quality issues, and a lack of standardisation. Added to these is the increasing complexity of corporate actions such as...

BLOG

M&G Investments Engages Bloomberg DMS to Acquire, Manage and Distribute Multi-Sourced ESG Data

M&G Investments is working with Bloomberg’s cloud-based Data Management Services (DMS) to host the acquisition and management of ESG data, and enable integration of the data into its investment processes. Bloomberg DMS will onboard and consolidate M&G Investments’ ESG data providers to its private, cloud-based solution, enabling more control, providing a holistic view of the...

EVENT

RegTech Summit New York

Now in its 7th year, the RegTech Summit in NYC 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

MiFID II Handbook

As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have...