SmartStream reduce front office risk by introducing real-time cash management
October 13 2015 - 3:00AM
Business Wire
SmartStream, the financial Transaction Lifecycle Management
(TLM®) specialist, today announced the launch of its new TLM Cash
Management module for the front-office, which will provide a global
real-time view of cash positions across all settlement channels by
trading business line, portfolio, book and product.
The new regulatory requirements by the PRA and the FCA have
added further pressures for trading desks to understand their cash
positions and manage risk in real-time. Previously, front office
traders have predominately used multiple end-of-day accounting
platforms with no real-time visibility of daily positions. Now
there is a need to view company and legal entity-wide aggregated
positions by the minute in order to make comprehensive internal
funding decisions, economically viable trading decisions and
appropriately manage liquidity risk.
The new solution is a module of the existing TLM Cash Management
solution, with the key benefit of real-time visibility for the
front-office. Cash is reconciled and consolidated to deliver a
multiple views for trading desk and risk teams, including
individual balances for every business line, book, portfolio and
product - across all currencies in real time. The system also
provides alerts notifying the trading desk of any potential risk
challenges.
Darryl Twiggs, Head of Product Management, SmartStream, states:
“For a long time SmartStream has realised the importance of linking
the back-office with the front-office to manage trading positions
in real-time. TLM Cash Management is essential for any global
trading desk looking to gain tighter control on risk, and at the
same time allowing better investment and funding decisions. In
addition, with TLM Cash Management, trading desks can maximise
earnings potential by viewing and reducing idle balances, as well
as keeping in line with regulatory requirements. The interest from
banks in this product has been phenomenal, purely based on the
demand for the product, as well as working with us for years on
various other strategic initiatives.”
Ends
About SmartStream Technologies
SmartStream Technologies is a recognised leader in financial
transaction management software that enables firms to overcome
critical transaction processing issues through increased
automation.
SmartStream’s industry-leading automated match rates create more
proactive, exceptions-based processes that lower the cost per
transaction while enabling firms to reduce operational risk,
strengthen compliance and controls, and improve customer
service.
As a result, more than 1,500 clients, including 75 of the
world’s top 100 banks, 8 of the top 10 asset managers, and 8 of the
top 10 custodians rely on SmartStream Transaction Lifecycle
Management (TLM®) solutions to deliver greater efficiency to their
trading operations.
For more information about SmartStream and our solutions visit:
www.smartstream-stp.com
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version on businesswire.com: http://www.businesswire.com/news/home/20151013005156/en/
SmartStream TechnologiesNathan Gee, Senior Marketing ManagerTel:
+44 (0) 20 7898 0630Email: nathan.gee@smartstream-stp.comorDina
CommunicationsShamira Alidina, Media Relations DirectorTel +44 (0)
7801 590718Email: shamira@dinacomms.com