SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) specialist, today announced that it has been recognised by the Fintech 100 as one of the fastest growing firms in the financial technology area.
Fintech 100, sponsored by the American Banker, is a yearly survey of the top 100 financial technology firms. It gives a glimpse into the solutions that are gaining around the world. They look at innovative ideas and approaches and those companies that have won several clients and partnerships throughout the year.
Philippe Chambadal, Chief Executive Officer, states: “One of SmartStream’s strengths has always been its ability to work as a trusted advisor to its clients, providing solutions which meet their specific needs, however, this year we have taken that to a whole new level. SmartStream is no longer seen as simply a provider of back-office software, but as an integral part of a financial institution’s operations. By listening to our clients and offering them a plan, we are enabling organisations to re-tool their existing middle- and back-office infrastructure into future-proof, cost-effective utilities. Ultimately this means that they are able to improve operational efficiency, support new regulatory requirements and enhance customer service”.
This year, four of the world’s top 10 banks have chosen to abandon the competition and use TLM Reconciliations Premium as their enterprise-wide reconciliations engine. These, as well as many other firms, are already using SmartStream for their reconciliations processes however, with the enhanced functionality of TLM Reconciliations Premium and the speed that users can on-board new reconciliations with TLM SmartRecs, organisations now realise the inherent business value and benefits of replacing multiple solutions with a single, strategic enterprise platform.