SmartStream announced the launch of its latest version of the TLM Collateral Management solution, developed in collaboration with a tier-one bank customer. It introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.
The expanded API architecture with real-time publication of data enables the development and upgrade of integrations and applications. Upstream and downstream systems that rely on collateral data like data-lakes, credit systems, nostro reconciliations, cash management, trading and optimization systems, can now leverage even more real-time feeds to enhance decision-making across the collateral landscape.
This comprehensive functionality covers all workflow aspects, including integration with settlements and fails management and can be used to meet regulatory reporting and jurisdictional requirements.
Jason Ang, global program manager for TLM Collateral Management at SmartStream, said in a statement: “In an era where firms are grappling with rising costs, regulatory pressures, increased risk profiles, and the need for better and faster data to manage credit risk, TLM Collateral Management version 7.0 offers enhanced tools to deliver an innovative, robust and stable collateral management platform. Developed in partnership with a tier-one bank, this version includes significant enhancements to meet these challenges effectively.”
This new version supports and enhances STP by providing complete workflow automation to margin calls, interest calls, as well as substitution calls. It is completely integrated with a new browser UI, offering a single place to manage all collateral workflows and exceptions.