A new report by TowerGroup has confirmed the dominant market share of SmartStream Technologies in reconciliations and exception management automation. Entitled ‘Reconcilable Differences: Reconciliation Vendors Converge on Exception Management’, the report states that ‘SmartStream is the market leader in terms of global revenue and is the best-positioned reconciliation vendor to extend its capabilities to orchestrating trade processing applications within the middle and back office.’ According to the report, SmartStream has a 37% share of the $135 million market for Reconciliation Systems. The nearest rival to SmartStream achieves only 16% share of the market. The report added that, as the market for exception management matures, a greater diversity of competitive vendors will be meeting head-to-head. These vendors will emerge from four different backgrounds: reconciliations, middleware, business process management and systems integration: ‘A number of vendors that have not traditionally contended with each other will find new sources of competition when it comes to matching and processing transaction events.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more