SWIFT certifies SmartStream corporate actions solution
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SWIFT certifies SmartStream corporate actions solution 22 July 2015London Reporter: Stephanie Palmer
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SmartStream’s transaction lifecycle management (TLM) corporate actions solution has retained its SWIFT Certified Application status, verifying that it is fully compliant with SWIFT corporate actions messaging standards.
SWIFT messages are the standard for corporate actions announcement, but message formats and protocol across the lifecycle can be complex. The SmartStream TLM Corporate Actions aims to simplify the process for firms, and reduce manual processes.
Alan Jones, a senior product manager at SmartStream, said: “The SWIFT certification further reconfirms our commitment to the industry and to making sure we remain thorough when it comes to corporate actions processing.”
“We have worked hard to build a complete end-to-end solution enabling our customers to fully participate in active communications with account holders and their account service providers. Today, our SaaS Corporate Actions utility is available to both sell-side and, perhaps most importantly, buy-side firms who need this low-cost yet highly advanced service.”
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