SmartStream Technologies, the financial Transaction Lifecycle Management (TLM) solutions giver, propelled artificial intelligence (AI) into its current managed service offering, which spreads reconciliations, corporate actions, cash management and reference data. SmartStream has worked alongside its clients to bring AI into their managed services offering that will decrease operating costs and pricing, as well as improving operational proficiency and detailing.

The new AI service expands the quality of managed services with new monitoring tools, it will trace incoming messages for SLAs - guaranteeing information is conveyed effectively. It gives a proactive way to deal with observing, if the quality of the information is poor it is heightened, in this manner bringing down the quantity of exceptions encouraging regulatory reporting, for instance, FCAs CASS detailing and Risk Weighted Asset Calculations. This all joined improves precision of operational hazard and controls reporting within an organization.

Nick Smith, SVP Managed Services, SmartStream, states: Its an energizing time for our customers, the new AI capacity is removing the stress out of information revealing, a huge improvement to back office productivity, whilst bringing down expenses. Also, it empowers the bank to keep up a control team to screen execution and results consistently.