SmartStream Announces Launch of AI-enabled Account Control Solution

​SmartStream, the financial Transaction Lifecycle Management solutions provider, today announces the launch of TLM Aurora Advanced Account Control, enabling clients to be ready for ISO 20022 standards – the new AI-enabled solution will allow customers to manage large, verified data sets, not only for reconciliation purposes, but for downstream systems.

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There was a sustainability focus taken into consideration – by optimising hardware and energy usage using private and public clouds. Also, it allows customers to seamlessly move to the latest technologies without losing any data or configurations in their existing Cash solution and represents the evolution of account reconciliation – by enabling organisations to reconcile any type of cash account, ranging from Nostro, internal, suspense, branch, or GL accounts. Additionally it provides new features within a technological framework that is fit for the future.

TLM Aurora Advanced Account Control – is a fully web-enabled solution, with the newest security requirements such as single sign on and multi factor authentication, which has been completely redesigned to accommodate industry changes such as the move to instant, higher volumes and integrated exception management.

Roland Brandli, Strategic Product Manager, at SmartStream stated: "When speaking to clients two things are key – reduction of operational risk and to lower cost. With our new solution there is huge potential in achieving both these objectives... The new solution will seamlessly replace SmartStream's Cash solution which is currently used in more than 81 countries globally."