Icelandic Bank Goes Live With SmartStream Solution
SmartStream Technologies has announced that an Icelandic financial institution has gone live on its TLM Corporate Actions. The solution was selected to reduce the manual intervention required for processing corporate actions across the bank’s business. Automation of this highly complex business function helps the institution to create a processing platform that supports the increasing volume of corporate actions events and minimises the risks associated with manual processing. The first phase of the project uses TLM Corporate Actions to automate sourcing and cleansing of custodian notifications. The next phase will provide further automation in client services and in particular in the capture and processing of client instructions and communication of the event benefits to all internal and external parties.