SmartStream Technologies, the financial transaction management solutions provider, has extended its public application programming interface (API) for collateral management.
The approach has been taken to enable SmartStream clients with faster access technology to better serve their individual business needs.
Clients will have direct access to SmartStream’s Transaction Lifecycle Management (TLM) collateral management solution, which aims to lower the total cost of ownership, provides backward compatibility and future-proofs the solution for new operational requirements.
The technology provides collateral movement and settlement views for the early indication of collateral fails including workflow automation and agreement uploads, according to SmartStream.
The platform strives to provide functional extensions and integration with other applications as well as SmartStream clients’ own internal systems.
Commenting on the need for more accessible technologies, program manager for TLM, Jason Ang, said: “Expectations have evolved, and our clients now want to find new ways to reduce cost and maintenance by offering their developers programming opportunities for richer integration into their business processes.
“I’m confident that we have a well-versioned public API which meets our clients’ requirements, whilst mitigating the risk of the upgrade process on SmartStream’s TLM collateral management platform.”
