SmartStream announced that it’s partnered with Finastra to extend collateral management workflows across Treasury and capital markets with special focus on Middle East and Africa (MEA) and APAC regions. The solution will offer integration into Finastra’s infrastructure, providing automation and STP for collateral flows between counterparties. It’s expected to be operational in less than four weeks.
SmartStream’s solution will extend across Finastra’s Kondor and Opics treasury management solutions to provide an enhanced and complete collateral management workflow. This will help navigate increasing regulatory requirements with the continued growth of OTC derivatives. Additionally, access to SmartStream’s solution suite will enhance the offering by supporting data accuracy and regulatory compliance.
Lauren French, head of Partners, Treasury and Capital Markets Business Unit at Finastra, said in a statement:“We are excited to partner with SmartStream to offer an industry leading collateral management solution. Together, we aim to deliver a highly automated and regulated solution that gives our clients confidence in every aspect of their collateral management programs – from margin call workflow automation and optimisation to reporting, audits, and reconciliations across all business lines.”
Roland Brandli, head of Partners and Alliances at SmartStream, said in a statement: “Partnering with Finastra brings together two established industry leaders to offer a powerful and well-thought-out solution. A key advantage is our flexible deployment options, including on-premise and cloud-based solutions, allowing clients to choose the model that best fits their business needs. This ensures greater security, enhanced performance, and tailored custom-code capabilities to meet firm-specific requirements.”