SmartStream, the financial Transaction Lifecycle Management specialist, today announced that Financial-i, a UK-based magazine focusing on strategy and technology for the buy-side, has selected SmartStream as the winner of its Leader in Innovation for Exception Management and Investigations for the second year in succession.

The awards were selected by an independent advisory panel composed of industry analysts from the leading research houses – Aite, Celent and TowerGroup – as well as representatives from consulting firms and financial services specialists. In winning the award, SmartStream was judged to have continued to extend the exception management and investigation capabilities within TLM since winning the same accolade in 2009.

Anita Hawser, Editor of Financial-i, commented: “Our awards identify global transaction banks and financial hardware and software vendors that in the last 12 months have demonstrated an on-going commitment to innovation.” In selecting winners in each category the advisory panel focused on enhancements to functionality as well as the solution’s ease of implementation and support. It also took into consideration those solutions that “are not looking for a problem to solve but actually address real business needs”.

Philippe Chambadal, CEO of SmartStream, said: “SmartStream is the recognised market leader in post trade processing, with exception management an integral feature within each of our solutions. SmartStream has continued to invest heavily in each of its solutions, and it is therefore gratifying that the independent panel of highly respected industry analysts have judged our TLM technology for exception management and investigations to be the innovation leader. Winning the award for the second year in a row also highlights the outstanding work performed by our global development teams in continually examining new methods to enhance our solutions to meet specific client and market-led needs.”