Why is it critical to have a robust intraday liquidity management system coupled with stress testing
by Nadeem Shamim, Global Head of Cash and Liquidity, SmartStream | 23 March 2023 It’s been a topic of discussion lately whether banks are conducting adequate stress tests on their liquidity, particularly when it comes to intraday liquidity. Many banks see these tests as a regulatory obligation rather than a crucial aspect of their risk […]
Cutting costs and boosting profitability: the benefits of automating fees and expenses
By Bharat Malesha, EVP, Global Head of Fees and Expense Management, SmartStream | 22 March 2023 Managing fees and expense can be really challenging for financial institutions. Fees like Brokerage, Clearing, and Exchange (BC&E) fees can be complex and difficult to manage, making them the second largest operating expense for these institutions. It’s reasonable to […]
Building resilience through real-time liquidity management
by Nadeem Shamim, Global Head of Cash and Liquidity, SmartStream | 21 March 2023 As a society, we rely heavily on banks to keep our financial systems running smoothly. However, recent events have shown that there is vulnerability in the system and even the most established and reputable banks are not immune to turbulence. With […]
Why does it still take days for banks to trace and correct failed payments?
by Roland Brandli, Product Manager, TLM Aurora | 12 January 2023 In a few short years the payments landscape has undergone a revolution. A cross-border payment that once took days now requires a couple of hours; instant payment volumes grow ceaselessly. A single cross-border payment message can transit multiple payment rails, domestic, regional and cross-border, to […]
Thoughts on the central bank digital currency (CBDC) around Singapore Fintech Festival 2022
by Nadeem Shamim, Global Head of Cash and Liquidity, SmartStream | 4 November 2022 It’s money, money, money today. To be more specific, central bank digital currency (CBDC). Central bank digital currencies are digital tokens, like cryptocurrency, issued by a central bank. Many countries are developing CBDCs, and some have even implemented them. There were much […]
Crypto Derivatives and Crypto as Collateral
By Jason Ang, Global Programme Manager TLM Collateral Management, SmartStream | June 2022 There was much industry discussion at the ISDA AGM 2022 around Crypto in general. Having had the chance to attend the sessions and after speaking with fellow attendees, it was clear that there were two separate discussions happening: Crypto Derivatives, and Crypto […]
Consolidation at Supers – Navigating the Operational Challenges, ASFA 2022
by Mahendra Shirali, Practice Lead, Business Solutions, SmartStream | June 2022 At the recently concluded Superannuation Conference held in Australia, the dominant trends impacting the Superannuation industry seemed to be on everyone’s mind – the impact of Consolidation across Supers, the regulatory requirements from APRA’s data transformation project, and stress testing mandates for deposit taking […]
Innovation in Superannuation Achieving operational excellence
Australia’s superannuation industry plays a critical role in the delivery of retirement incomes for its members. Supers also contribute to the Australian economy through their investment activities of superannuation assets. It is therefore critical that registered superannuation entity licensees (RSE), regulators, members and other interested stakeholders have access to high quality, consistent data to deliver […]
TPR – Top 5 Considerations for transitioning away from the Temporary Permission Regime
Before Brexit, EEA financial services firms could use the existing passporting regime to establish a branch or provide services (without a UK branch) in the UK without authorisation from the PRA or the FCA. The passporting regime also allowed EEA-based investment funds to be marketed in the UK. However, following Brexit, EEA-based firms can no […]
Liquidity update – takeaways from the CeFPro Treasury & ALM Congress
by Fernando Vergara | on 8 April 2022 SmartStream recently attended the CeFPro Treasury & ALM Congress in New York City, our team was pleased to connect with colleagues across the industry to discuss some of the latest developments and challenges. There were a host of interesting panels and discussions held, including our subject matter […]