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SmartStream launches new Collateral Management solution

By Gloria Methri

October 05, 2023

  • Collateral Management
  • Financial Settlement
  • FinTech
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SmartStreamSmartStream, the financial Transaction Lifecycle Management (TLM) solutions provider has launched the latest version of TLM Collateral Management, V.6. The new release introduces a modern, intuitive, and thin client user interface. It is designed for users with different skill sets, including those who are less experienced in the collateral management operations area.

As volumes rise in collateral management, so do manual processes. Collateral experts are harder to train and retain, and it is often difficult to offshore this process. The industry is seeking newer ways to tackle increased Collateral Call volumes, whilst reducing associated operational costs.

TLM Collateral Management, V.6, will help organisations with data integrity and validation for all collateral management processing. Additionally, it will assist with the demands uniquely presented by the T+1 settlement.

Financial institutions must automate all aspects of their collateral management processes in a condensed time frame, including agreement, booking, substitutions, and settlement notifications.

Jason Ang, Global Programme Manager, TLM Collateral Management, SmartStream said, “For this new version, we have worked closely with many customers to design a more intuitive user experience that requires less training so that users can be up and running quickly. Also, in response to the demands of the industry we have included market-leading adapters that seamlessly automate the substitution and interest claim processes.”

He further stated, “This latest version provides significantly improved navigation results that are more accurate, enabling quicker decision-making. In addition, the public APIs included in this version make upgrading even easier, eliminating the need to compile after every iteration. However, what makes this version of our TLM Collateral Management solution truly different is that it can be deployed cost-effectively, in any size financial institution, while still offering the same functionality-rich system”.

This new version is already being deployed within the systems of new and existing clients.

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