Sell-Side Technology Awards 2020: Best Sell-Side Reconciliation Platform—SmartStream Technologies
![Sell-Side Technology Awards](/sites/default/files/styles/landscape_750_463/public/2020-07/SST%20Award%20Image.png.webp?h=443dcab3&itok=EceQzuOw)
London-based SmartStream Technologies has enjoyed considerable success in these and other WatersTechnology awards over the years, thanks largely to its flagship offering, TLM Reconciliations Premium. However, a quick glance at the past three editions of these awards shows that SmartStream is anything but a one-trick pony: It won the best sell-side back-office platform category in 2019, while in 2018 it won the best implementation at a sell-side firm and in 2017 it emerged top in the best reconciliation platform category, underlining its consistency and versatility over the years.
SmartStream unveiled TLM Reconciliations Premium 3.0 in 2018 to enable what it describes as “user independence and operational flexibility.” The release came with a range of services supporting a “self-service” user experience, trend analysis for match-rate optimization and exception reduction, and model choices for each reconciliation, allowing users to configure the platform according to their needs. It also recently unveiled a new interface, TLM View, designed to provide a user-driven approach to analytics, without the need for IT support, providing access to a range of real-time and historic data in the reconciliation repository and allowing users to identify trends and exception patterns.
SmartStream has also been infusing artificial intelligence (AI) technology into its entire product line-up over the past 12 to 18 months, which, according to Robin Hasson, senior product manager for reconciliations at SmartStream, has yielded three use-cases. “First, data quality can be improved using machine learning to identify clients or brokers automatically,” he explains. “This improves data quality, which can increase match rates and improve management information system reporting. The second area is automating tasks like categorizing or allocating exceptions using machine learning, based on historical usage. This provides efficiency gains to a time-critical operation. The final focus is replacing manual matching automatically by learning from historical user activity. This is the most complex, but the potential is limitless.”
According to Hasson, SmartStream has noticed increased interest in a number of existing sectors and has noted more requests for use of reconciliation as a spot-check between systems to ensure accuracy. The firm has also seen a significant uptick in digital payments processing resulting from increased use of contactless payments and also an interest from clients in merging and centralizing reconciliations as a means of providing improved oversight across individual funds.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions