SmartStream, says it has launched a new version of the TLM Collateral Management solution.
Version 7.0, developed in collaboration “with a tier-one bank customer, introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.”
The expanded API architecture with “real-time publication of data enables the seamless development and upgrade of integrations and applications.”
Upstream and downstream systems that rely “on collateral data like data-lakes, credit systems, nostro reconciliations, cash management, trading and optimisation systems, can now leverage even more real-time feeds to enhance decision-making across the collateral landscape.”
This comprehensive functionality covers “all workflow aspects, including integration with settlements and fails management.”
Clients can use these capabilities to “meet regulatory reporting and jurisdictional requirements.”
This new version supports and enhances STP “by providing complete workflow automation to margin calls, interest calls, as well as substitution calls.”
It is completely integrated with “a new browser UI, offering a single place to manage all collateral workflows and exceptions.”
Additionally, the ability to support Postgres “as a database helps reduce costs whether it be on-premises, private cloud, or through SmartStream’s OnDemand SaaS, which adheres to strict data security protocols and ensures data is not commingled with other clients data.”
As noted in the update, SmartStream claims it is “a recognized leader in financial transaction management solutions that enable firms to improve operational control, reduce costs, build new revenue streams, mitigate risk and comply accurately with the regulators.”
