SmartStream Technologies, a provider of Transaction Lifecycle Management solutions, has announced that Abbey National plc has purchased TLM Reconciliations for use as a strategic tool within Abbey Financial Markets (AFM).
AFM has appointed SmartStream as their vendor of choice for reconciliations. The organisation will be implementing TLM Reconciliations as their strategic reconciliations platform, managing inter alia cash, custody and inter-systems reconciliations.
“TLM Reconciliations is the basis for our STP Control Architecture, offering the potential to adopt an enterprise approach to reconciliations. TLM is enabling us to build a scalable reconciliations process to manage transactions across their entire lifecycle, Steve Jennett, Head of Operations, Financial Markets, explains.