UBS Chooses SmartStream Reconciliations Product
SmartStream Technologies have implemented its TLM Reconciliations and Exception Management product for UBS Investment Bank. The tool will initially be rolled out to approximately 450 concurrent users globally to manage cash reconciliations for the investment bank. The first two phases of this global rollout have provided 350 users in the Asia Pacific and EMEA regions with access to TLM. Phase three will extend the implementation to cover the North American region in mid October. Meanwhile Smartstream Technologies has partnered up with CCH Capital Changes to deliver an integrated corporate actions product. The link allows customers to use SmartStream’s corporate action processing application and CCH’s corporate actions adjusted basis and tax content simultaneously – providing the facts and figures needed to properly report the tax consequences of corporate actions.