SmartStream Launches Cash and Liquidity Management Tool

SmartStream Technologies has launched a new tool to help banks comply with Basel regulatory compliance in cash and intraday liquidity management.
By Janet Du Chenne(59204)
SmartStream Technologies has launched a new tool to help banks comply with Basel regulatory compliance in cash and intraday liquidity management.

The TLM Cash and Liquidity Management 2.5 solution is a reaction to the demand and paradigm shifts taking place within the cash and liquidity management operations where banks have to react to increasing regulatory and operational pressures to actively monitor and manage their intraday liquidity positions and risks for both direct participant and correspondent banking settlement markets.

The new tool will enable banks to report on all liquidity and exposures ahead of the Basel reporting deadlines coming in January 2015. It helps banks to forecast and reconcile cash and provide a consolidated single view across all currencies and accounts in real-time, whilst tracking, monitoring and reporting on an intraday basis. The release provides improved forecasting accuracy and intraday liquidity visibility through automated data feeds, flexible balancing and forecast modelling.

Nick Noble, product manager Cash Management, SmartStream, states: “Correspondent banks are often not able to provide full coverage of movements across financial institutions Nostro accounts. This lack of coverage clouds visibility, causing forecasting errors, which can lead to huge amounts of money being lost due to incorrect funding decisions, and also makes monitoring the Basel Intraday Reporting metrics in real time almost impossible. At SmartStream we believe there should be a duty of care for managing intraday liquidity, this is not just a tick box item, this is going to be a key requirement for 2015”.

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