SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that one of the world’s largest banks has gone live on TLM® Treasury Confirmations.
The bank took the opportunity to examine critical back office processes and performance as part of a strategic review. This identified the need for a single, scalable platform to meet future volume projections and process multiple instrument types including cash, Foreign Exchange (FX) and Money Markets (MM).
Philippe Chambadal, CEO at SmartStream, said: “We are delighted that this leading bank has selected TLM Treasury Confirmations to deliver an enterprise-wide confirmation platform. Like many firms they have experienced rapid growth in FX, MM and OTC volumes and found their existing systems no longer provided the capacity to effectively process either the current or projected volumes. TLM Treasury Confirmations provides a truly scalable platform and is already handling 60,000 daily trades and processing around 150,000 messages per hour. We look forward to working with them as they migrate further volume and instruments on to the TLM platform.”