SmartStream, the financial Transaction Lifecycle Management specialist, today announced that its TLM Corona version 7 solution has been awarded the SWIFTReady Reconciliations and SWIFTReady Payments Exceptions and Investigations labels for 2012, following a stringent criteria process.
This is the fourth year in a row that SmartStream's TLM Corona was awarded the SWIFT accreditations in recognition of its SWIFT compliance with the E&I and Reconciliation SWIFTReady criteria. The award also demonstrates SmartStream’s on-going commitment to the SWIFT environment and the solution’s contribution to promoting industry standards for reconciliations and exception management.
SmartStream is the only vendor to be consistently awarded the SWIFT accreditation for reconciliations, exceptions and investigations in a single solution. This is critical as many banks look to deliver standardized control applications that function seamlessly among the transaction matching element and the identification, management and resolution of exception items. By rapidly repairing and resolving a failed payment or statement reconciliation and returning it to the transaction flow, firms can lower their cost-per-transaction.
Rudolph Schnepf, Senior Product Manager at SmartStream, commented: "We're very proud to have received the SWIFTReady labels for the fourth consecutive year, it further demonstrates our commitment to the TLM Corona solution suite and recognises that our market leading reconciliation solution enables our clients to continue to support their operations with the highest levels of service. SmartStream’s ability to meet the complex requirements of the payments industry ensures that our solutions remain functionally rich and highly configurable, whilst adhering to current SWIFT messaging standards."