SocGen selects SmartStream for reconciliation 19 November 2015London Reporter: Stephanie Palmer
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Societe Generale Prime Services has chosen SmartStream’s transaction lifecycle management (TLM) Reconciliations Premium solution for its exchange-traded derivatives (ETD) reconciliations and internal and external brokerage.
The Reconciliations Premium solution will be used across various departments in a bid to deliver additional risk and control points. It will be provided using a business process outsourcing (BPO) service, issued through SmartStream’s Centre of Excellence.
Societe Generale will be able to directly on-board reconciliations, using SmartStream’s TLM SmartRecs to make the process as fast and efficient as possible.
Mark Taylor, sales director for Asia Pacific at SmartStream, said: “Societe Generale required an easy-to-use solution with the shortest time-to-market. Following a comprehensive internal and external review, TLM Reconciliations Premium and TLM SmartRecs were selected as the optimum solutions.”
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