SmartStream Technologies today launched the TLM Cash Management 2.0, allowing banks to manage, monitor and predict cash flows based on real-time rather than projected balances.
TLM Cash Management 2.0 captures transaction data from any source, facilitating the calculation and projection of funding, borrowing and lending requirements on an enterprise-wide basis.
As a result, banks can determine the probability of settlement failure, assess the risk of potential losses and eliminate the costs of incurring unnecessary settlement and operational risk exposure in the market.
“Customer self-service is also boosted through integration with TLMWebConnect, SmartStream’s thin client user interface, supporting banks to deliver account and liquidity data to customers via a browser.
“As products become increasingly commoditised and margins continue to decrease, customer service, including tools that enable greater self-service, will become a critical differentiator,” says Tim Martin, senior business development consultant at SmartStream.