As institutions struggle with processing bottlenecks caused by volatility, concerns around falling margins on commoditised products and increasing instrument complexity they are looking for new methods to deliver lower operational costs and risk.
SmartStream has partnered with Tata Consultancy Services (TCS) to deliver a flexible outsourced reconciliations model based on industry-leading processes that will constantly evolve to meet market, instrument and regulatory needs. The Aspire Service, powered by SmartStream's TLM Reconciliations and run by TCS, offers the combined strength of an industry leading BPO provider and the industry leading reconciliations software provider.
The service can cost-effectively process core and client-specific reconciliations with client-aligned investigations teams that are fully integrated to the client business. With industry-leading matching rates and support for the widest range of asset classes, the TCS Aspire Service can deliver a rapid time to market for reconciling new instruments and a quicker time to benefit.
The TCS Aspire Service is designed to deliver lower and more predictable transaction costs - either on a transaction or FTE basis - with the flexibility to manage market volatility. This on-demand scalability is applicable to both large and small institutions that can benefit from adopting best-in-class back office operations.
