SmartStream, the financial Transaction Lifecycle Management specialist, today announced that its TLM Corporate Actions solution has won the Banking Technology magazine readers choice award for Best Corporate Actions Product 2011.

The awards, now in their twelfth year, were chosen by Banking Technology's readership of more than 9,000 industry practitioners. SmartStream’s TLM Corporate Actions was selected due to its innovative approach to event processing and its ability to automate much of the corporate actions process through proactive monitoring and predictive technology. These innovations include the recently launched Event Management On Demand solution that offers automated population of events and the display of all critical dates and actions required to manage those events on behalf of clients, all as a hosted service.

David Bannister, Editor of Banking Technology, explained: “The readers of Banking Technology voted for SmartStream as the leading Corporate Actions provider for 2011. It’s clear that at a time when risk is firmly in the spotlight, the event management process is still and area of concern for firms. The ability of solutions, such as TLM Corporate Actions, to leverage message standards and automate this complex process can deliver real value to these organisations.”

Philippe Chambadal, CEO of SmartStream Technologies, commented: “This latest award, as voted for by readers of one of the industry’s leading publications, highlights the significant operational benefits SmartStream’s solutions can deliver. TLM Corporate Actions ability to reduce operational and reputational risk by ensuring that critical event dates are not missed is paramount in this economic climate. We see high levels of interest from firms globally who continue to struggle with processing inefficiencies and increasing pressures from client, market and regulatory demands. TLM Corporate Actions is leading the way to address these demands and proving to be one of the most functionally rich, easy to use and efficient corporate actions solutions available today.”