Martin Brown, CEO, SmartStream explained the initiative, “The Corporate Actions market is changing. Early adopters focused on the most functionally rich applications and TLM Corporate Actions certainly met their needs. Through innovative workflow, an alerting, proactive diary interface and web based voluntary response tracking we have signed major contracts in every geographic region and gained a deep insight into our clients’ future requirements.”

“But now our clients tell us they want an integrated approach to Corporate Actions; a pure internet solution within a wider STP Control Architecture. BlueBay A.M. recently selected both TLM Corporate Actions and TLM Reconciliations to achieve tighter functional integration. The day of the stand alone Corporate Action solution has passed.” explained Brown.

Continuing, “To deliver on these requirements we are accelerating convergence of TLM Corporate Actions 8.0 with the STPCA. This lines up the full strength of our J2EE TLM WebConnect architecture to deliver Dashboards and web ‘Windows’ capabilities as well as our leading edge rules, workflow and state management. SmartStream’s STPCA product engineering and technology is developed in its growing Bristol, UK labs."

Today over 800 users are licensed on SmartStream’s TLM Corporate Actions, making it one of the most widely deployed applications in the market place. Analysts predict adoption rates of Corporate Actions solutions are forecast to increase over the next 4 years with financial institutions spending approximately $.5bn.