SmartStream Technologies has launched artificial intelligence into its existing managed service offering, which covers reconciliations, corporate actions, cash management and reference data.
The offering is set to reduce operating costs and pricing, as well as improve operational efficiency and reporting.
The new AI service will increase the quality of managed services with new monitoring tools, tracing incoming messages for SLA’s, ensuring data is delivered correctly.
Nick Smith, senior vice president of managed services, SmartStream, stated: “It’s a very exciting time for our clients, the new AI function is taking the stress out of data reporting, a significant improvement to back-office efficiency, whilst helping to lower costs. In addition, it enables the bank to maintain a control team to monitor performance and results on a daily basis”.
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