Sibos: SmartStream introduces AI to existing managed service offering
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Sibos: SmartStream introduces AI to existing managed service offering 25 September 2019London Reporter: Becky Bellamy
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SmartStream Technologies has introduced artificial intelligence (AI) into its existing managed service offering, which covers reconciliations, corporate actions, cash management and reference data.
The offering is set to reduce operating costs and pricing, as well as improve operational efficiency and reporting.
According to SmartStream, the new service will increase the quality of managed services with new monitoring tools, tracing incoming messages for SLAs and ensuring data is delivered correctly.
Nick Smith, senior vice president of managed services at SmartStream, stated: “It’s a very exciting time for our clients [as] the new AI function is taking the stress out of data reporting and is a significant improvement to back-office efficiency while also helping to lower costs."
"In addition, it enables the bank to maintain a control team to monitor performance and results on a daily basis.”
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