SmartStream Technologies has been awarded the SWIFTReady Gold accreditation for SmartStream Reconciliations, the industry leading reconciliations and exception management solution.
This is the fourth consecutive year that SmartStream Reconciliations has been awarded Gold accreditation for both payments and securities. SmartStream Reconciliations was one of the first reconciliations solutions to be awarded the Gold label in 1998 when the partner programme was first launched.
The SWIFTReady programme recognises vendor applications that help SWIFT customers to achieve automation through solutions that integrate efficiently within a SWIFT environment, are scalable and improve straight-through processing.
SmartStream Reconciliation’s fully integrated intra-day matching and multi-product investigations functionality played a key part in assuring the Gold accreditation. Another prerequisite was the ability to process the new ISO 15022 message types, in advance of the changeover to this new standard in November 2002. SmartStream Reconciliations supports both the new and old message formats, allowing organisations to gradually implement the new standards in time for the November deadline.
Victor Abbeloos, Head of Partner Solutions at SWIFT said: “We are very pleased to award SmartStream Reconciliations a Gold accreditation for both Payments and Securities . The fact that SmartStream Reconciliations has been awarded a SWIFTReady label for the fourth year running shows the organisation’s commitment to the continued evolution of its solutions to stay in line with SWIFT developments and new products and services.”
Martin Brown, CEO, SmartStream Technologies, commented: “We are delighted to once again be awarded SWIFTReady Gold accreditation for SmartStream Reconciliations. We believe, that in order to effectively manage their risk and meet the challenges of Straight Through Processing, financial organisations require solutions that enable them to reconcile on a real-time basis with fully integrated exception processing. SmartStream Technologies’ support of the ISO 15022 messages and integrated SmartStream Investigations module enable this.”
“We are committed to working with SWIFT to ensure that our solutions exceed their standards and that our customers benefits from functionally superior, fully integrated, real-time solutions that enable them to manage their risk and liquidity on an enterprise-wide scale,” he added.