SmartStream announces it has partnered with Finastra, another global provider of financial services software applications, to extend collateral management workflows across treasury and capital markets, with a particular focus on the MEA and APAC regions. This collaboration provides financial institutions with a robust and cost-effective method for managing workflows and regulations with SmartStream’s comprehensive collateral management solution, with additional acceleration to be operational in less than four weeks.
SmartStream’s TLM Collateral Management solution was selected following a comprehensive evaluation of its functionality, user interface, deployment options, and integration capabilities with Finastra’s solutions. The partnership sees SmartStream’s solution extend to Finastra’s Kondor and Opics treasury management solutions to provide an enhanced and comprehensive collateral management workflow. This combination helps future-proof bank investments and meet increasing regulatory requirements with the continued growth of OTC derivatives. In addition, access to the SmartStream suite of solutions will enhance the offering by supporting data accuracy and regulatory compliance.
Lauren French, Head of Partners, Treasury and Capital Markets Business Unit at Finastra, said: “We are delighted to partner with SmartStream to deliver an industry-leading collateral management solution. Together, we aim to deliver a highly automated and regulated solution that gives our clients confidence in all aspects of their collateral management programs, from automating and optimizing margin call workflows to reporting, auditing, and reconciliation across all lines of business.”
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Roland Brandli, Head of Partners and Alliances at SmartStream, said: “The partnership with Finastra brings together two industry leaders to deliver a powerful and carefully crafted solution. A key advantage is our flexible deployment options, including on-premises and cloud-based solutions, allowing customers to choose the model that best fits their business needs. This approach ensures greater security, increased performance, and custom code capabilities tailored to meet specific business requirements.”
The solution will seamlessly integrate into Finastra‘s infrastructure to deliver a high degree of automation and STP for collateral flows between counterparties. Thanks to its modern architecture and modular approach, clients can tailor the solution to their specific needs, supporting compliance with evolving regulatory requirements and efficiently managing increased margin call activity.
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Source: Businesswire