Deutsche Bank has outsourced three reconciliation services to a SmartStream Technologies’ Center of Excellence (CoE) in an effort to streamline recs processing and make it more cost effective, according to bank and vendor officials. SmartStream’s CoE is now overseeing “three distinct managed services: reconciliations on-boarding, production support and operational reconciliation services,” officials say. Previously, the… Read More >>
IHS Markit Debuts Vendor Management Service
New Portal Works with IHS Markit’s KY3P Data and analytics vendor IHS Markit has launched the Vendor Management Portal (VMP), a solution to help end-user firms with support for vendor risk-tiering and vendor management workflow, officials say The effort combines VMP with the vendor’s KY3P due diligence service to offer a system to “centralize the… Read More >>
New SmartStream Team to Investigate AI for Ops
SmartStream Creates ‘Innovations Team’ SmartStream Technologies, which characterizes itself as a financial transaction lifecycle management provider, reports that its new “innovations team” is “working with financial institutions to optimise workflows, using Artificial Intelligence (AI), Machine Learning (ML) and blockchain technologies, in the areas of reconciliations, cash management and fees and expense management.” The new… Read More >>
SmartStream Leads Effort to Fill MiFID II Reporting Gap
To fill a MiFID II reporting gap, Ops vendor SmartStream via its Reference Data Utility (RDU) is working with Approved Publication Arrangements (APAs) to operate a Systematic Internalizer (SI) Registry. The SI chores of MiFID II kick in after a determination is made about the frequency and volume of transaction orders that a counterparty crosses… Read More >>
Credit Suisse, BNP Paribas Control Transaction Fees via SmartStream
SmartStream Technologies and Credit Suisse have expanded their invoice processing agreement so that the vendor will be handling the listed derivatives brokerage fees, officials from both companies announced at the SWIFT SIBOS event in Toronto this week. SmartStream also unveiled at SIBOS the latest version of its TLM Reconciliations Premium solution. The bank will be… Read More >>
FTF Awards Q&A: Are In-House Ops a Luxury?
(FTF News recently got time with SmartStream’s Darryl Twiggs, senior vice president for the Strategic Initiatives division, and Kurt Eldridge, global head of sales, to talk about the two awards that the company took home: Best Outsourcing Provider and Best Derivatives Operations Solution. They also share their thoughts on the future of managed services and… Read More >>
Thomson Reuters & Symphony Partner to Integrate Messaging Wares
Partnership Will Facilitate Eikon and Symphony Links Securities trading could get a little easier with the integration to come between Thomson Reuters’ Eikon system and the Symphony Workflow Platform. The two have decided to work together to facilitate the sharing of Eikon objects such as charts, news and data via Symphony’s messaging and collaboration platform,… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
Credit Suisse, Ipreo, Symbiont, R3 Finish First Step for Syndicated Loan Blockchain
Blockchain Proof of Concept Effort Will Go On Credit Suisse, Ipreo, Symbiont and R3 have completed the successful initial stage of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market, officials say. The proof of concept will continue throughout the year and will includes participation from agent banks,… Read More >>
New SmartStream RDU CEO to Push Ops Utility
SmartStream has found a true believer in the industry utility concept and has made industry veteran Peter Moss the next CEO of the SmartStream Reference Data Utility (RDU). The RDU is a managed service that delivers reference data for regulatory reporting, trade processing and risk management operations in a supposedly more cost-effective utility approach, officials… Read More >>
