SmartStream Technologies, the Transaction Lifecycle Management specialist, has been awarded the SWIFTReady Gold Reconciliations label for TLM Reconciliations.
SmartStream has achieved the highest level of certification awarded by SWIFT for reconciliations application, recognising TLM Reconciliations’ SWIFT compliance, integration with the SWIFT environment and its contribution to facilitating greater STP, the firm said in a statement.
“The SWIFTReady Gold award is further evidence of our innovation and product excellence in the reconciliations space,” says Neil Vernon, senior product manager for SmartStream. “The investment SmartStream continues to make in TLM Reconciliations enables firms to achieve greater financial returns than are available from traditional reconciliations solutions; for example, to assist firms seeking to tackle significant increases in transaction volumes we’ve ensured TLM Reconciliations scales to unprecedented levels. Clients today are already processing more than 3 million transactions an hour and we’re investing with a view to scaling TLM ahead of their demands.”