The Asian operation of a Tier 1 European bank selected SmartStream Technologies, the Transaction Lifecycle Management, TLM Corporate Actions, to replace manual corporate processing with automated application.
Situated in the heart of Asia bank operations of Hong Kong try to reduce risk and amplify functionally rich corporate actions enabling automated processing of initial event notifications, elections, entitlement calculation and payment notifications. SmartStreams TLM Corporate Actions support all these functions.
As competition for business increases across Asia, existing manual processing of events is costly, error prone and creates an unnecessary risk to the organization, says Richard Cummings, regional director, SmartStream, Asia Pacific. TLM Corporate Actions is a proven solution that will support this bank to deliver more robust risk management, reduce error rates associated with manual input and provide improved custodian support and customer service.
L.D.