SmartStream Technologies extended its Public API (Application Programming Interface) for collateral management. The intent is for clients to have direct programmatic access to SmartStream’s TLM Collateral Management solution, which is expected to help lower the total cost of ownership, provide backward compatibility and future-proof the solution for new operational requirements, with minimal disruption to business.
TLM Collateral Management has extended the functionality of its Public API to include collateral movements notifications. The technology has been designed to provide collateral movement and settlement views for the early indication of collateral fails. Other functionality includes, but are not limited to, workflow automation and agreement uploads.
Jason Ang, program manager, TLM Collateral Management, SmartStream, said in a statement: “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.”