SmartStream has achieved the highest level of certification awarded by SWIFT for reconciliations solutions, recognising TLM Reconciliations’ SWIFT compliance, integration with the SWIFT environment and its contribution to facilitating greater STP.

The SWIFT award demonstrates SmartStream’s ongoing commitment towards driving and setting industry standards for reconciliations and exception management. TLM Reconciliations is supporting some of the world’s largest firms across the financial and corporate sectors in providing greater operational control and predictability, enhanced cost control and improved risk management.

With TLM Reconciliations firms can transform their organisations to address business critical issues such as significant increases in transaction volumes, or the processing of complex financial instruments such as OTC derivatives.

Neil Vernon, Senior Product Manager, SmartStream said, “The SWIFTReady Gold award is further evidence of our innovation and product excellence in the reconciliations space. The investment SmartStream continues to make in TLM Reconciliations enables firms to achieve greater financial returns than are available from traditional reconciliations solutions; for example, to assist firms seeking to tackle significant increases in transaction volumes we’ve ensured TLM Reconciliations scales to unprecedented levels. Clients today are already processing more than 3 million transactions an hour and we’re investing with a view to scaling TLM ahead of their demands.”

Commenting on the accreditation Joel Ludvigsen, Head of Partner Solutions, SWIFT said, “We are delighted that SmartStream continues to work with SWIFT to drive the market forward for the benefit of our mutual customers. TLM Reconciliations is yet another example of SmartStream continuing to offer a standards-based approach to automating reconciliations processes to reduce risk and cost. The SWIFTReady Gold accreditation now gives institutions even greater assurances that TLM Reconciliations adheres to specific SWIFT criteria to deliver a complete, integrated business solution.”