SmartStream’s solution accredited by SWIFT 06 September 2016London Reporter: Becky Butcher
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SmartStream’s Transaction Lifecycle Management (TLM) Corporate Actions solution has been awarded SWIFT certified application status.
SWIFT accreditations are awarded annually following a programme to ensure that technology providers are fully compliant with SWIFT messaging standards.
TLM Corporate Actions has been accredited against the ISO 15022 messages and is ISO 20022 ready in preparation for organisations adopting the standard.
ISO 15022 and ISO 20022 are the standards for corporate actions processing adopted by financial institutions worldwide.
Alan Jones, senior product manager, SmartStream, commented: “Corporate actions processing presents a challenge for many organisations and SmartStream continues to see a high level of interest in automation as a way to ease this burden.”
“We believe that established industry standards such as ISO 150022 and ISO 20022 are key to improving data quality and consequently increasing levels of STP.”
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