SmartStream, the financial transaction lifecycle management specialist, has announced that its TLM Corona solution has been awarded the 2010 SWIFTReady Exceptions and Investigations (E&I) accreditation.
This is the second year in a row that TLM Corona has been awarded the label. The SWIFT E&I initiative was created by SWIFT to enable firms to communicate in a standardised manner with other banks and corporates through XML-based messaging. As a result it removes the labour-intensive process of investigation payment failures, boosting straight-through processing (STP) and providing a faster resolution.
Rudolph Schnepf, senior product manager at SmartStream, said: “The introduction of standardised, automated processes around payments exceptions and investigations it vital as it reduces risk supports more proactive customer service in what has traditionally been a manually intensive area of the back office. As firms look to remove risk and cost from their operations, we have seen significant demand from across Europe and Asia for our SWIFT E&I solution.”
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