SmartStream extends Public API to collateral management

Technology has been designed to provide collateral movement and settlement views for the early indication of collateral fails, says SmartStream.

By Jonathan Watkins

SmartStream has extended its Public Application Programming Interface (API) for collateral management with the aim to providefaster access technology and help views for the early indication of fails. 

The technology provider will allow clients to have direct programmatic access to its TLM Collateral Management solution, which will lower the total cost of ownership, provide backward compatibility and future-proof the solution for new operational requirements. 

SmartStream said other functionality includes, but are not limited to, workflow automation and agreement uploads.  

“Expectations have evolved, and our clients now want to find new ways to reduce cost and maintenance by offering their developers programming opportunities for richer integration into their business processes,” said Jason Ang, program manager, TLM Collateral Management, SmartStream. 

 “I’m confident that we have a well-versioned Public API which meets our clients’ requirements, whilst mitigating the risk of the upgrade process on SmartStream’s TLM Collateral Management platform”. 

SmartStream has established itself as one of the pioneers of technology innovation within financial services, bringing artificial intelligence (AI) and machine learning solutions to market. 

At the end of 2019, the technology provider deployed AI algorithms to transform the way its users interact with reconciliation data. The launch of SmartStream Air eliminates the time and effort in managing reconciliation data, making business users far less reliant on support from their operations and IT teams.   

In March 2019, SmartStream earnt an award at Global Custodian’s Leaders in Custody celebrations for Most Innovative BackOffice Solution, while the firm is also nominated for 2020’s Technology Vendor Initiative of the Year for its AI reconciliations project.