SmartStream Technologies to provide TLM Reconciliations to UBS Investment Bank for Collateral Management & Securities Reconciliation
February 08, 2007
SmartStream Technologies, the market leading provider of Transaction Lifecycle Management solutions, today announced that UBS Investment Bank will extend its usage of TLM Reconciliations
and adopt TLM WebConnect
in an enterprise-wide implementation.
The Investment Bank will expand its use of TLM Reconciliations to implement a Collateral Management Reconciliation solution and replace its existing Securities Reconciliation System. TLM WebConnect, SmartStream’s web portal, is being adopted to enable easy deployment across the firm’s global user community and provide greater operational visibility to users through its intuitive dashboards.
Commenting on the signing, Richard Cummings, Regional Director, SmartStream UK, stated: “We have been a trusted supplier to UBS for a number of years, successfully deploying TLM across their global operations. We are delighted that the Investment Bank has decided to expand its use of TLM Reconciliations to gain a further return on their investment. It is clear TLM Reconciliations has become the platform of choice for firms looking to consolidate their global reconciliations and exception management processes.”