SmartStream said that its Transactions Lifecycle Management (TLM) Corporate Actions version 10 has been awarded the SWIFTReady Application label for corporate actions, following completion of a rigorous testing period.
The award is one of a number received for its TLM Corporate Actions product. The certified SWIFT messaging capabilities allow clients to process corporate actions information in line with global and specific national market practice requirements, whilst at the same time providing the flexibility to interpret and process custodian data with specific interpretations of message formatting.
“We are pleased to award the SWIFTReady Application label to SmartStream for TLM Corporate Actions V10,” said Filip Versluys, head of partner marketing, SWIFT. “SWIFT certifies selected applications that meet our strict standards and requirements. Clients will benefit from SmartStream’s expertise as well as from SWIFT’s services.”
TLM Corporate Actions supports the complete event lifecycle, providing a single scalable application that delivers control and accountability to all parties. A comprehensive, web-based solution that incorporates workflow-based steps to control and manage all user tasks and priorities in real time, TLM Corporate Actions helps to eliminate operational risk. It also minimises operational costs and significantly reduces exposure to financial losses prevalent in the manual processing environment.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.