Societe Generale Selects Smartstream’s TLM Reconciliations Premium Solution for Brokerage and ETD Reconciliations
SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced that leading global broker Societe Generale Prime Services, has selected SmartStream’s TLM Reconciliations Premium and TLM SmartRecs solutions for its internal and external brokerage, and Exchange Traded Derivatives (ETD) reconciliations.
As part of a larger Brokerage Remediation programme, TLM Reconciliations Premium will be used across multiple departments to deliver additional risk and control points. The solution will be delivered as a BPO service via SmartStream’s Centre of Excellence (CoE), and Societe Generale will have global access to directly on-board reconciliations. TLM SmartRecs will be used to ensure that this on-boarding process is fast and efficient as possible.
Mark Taylor, Sales Director Asia Pacific, SmartStream comments: “Societe Generale required an easy-to-use solution with the shortest time-to-market. Following a comprehensive internal and external review, TLM Reconciliations Premium and TLM SmartRecs were selected as the optimum solutions. SmartStream’s speed, knowledge and turnaround capabilities, along with a lower total cost-of-ownership appealed to Societe Generale. I am delighted that we were able to demonstrate the value that TLM Reconciliations Premium could provide compared to other solutions and look forward to continuing to build on our relationship with Societe Generale in Asia and across the world.”
Notes to Editors
For more information about Societe Generale visit: http://www.sgcib.com
About SmartStream Technologies
SmartStream provides Transaction Lifecycle Management (TLM®) solutions and Managed Services to dramatically transform the middle and back-office operations of financial institutions. Over 1,500 clients, including more than 70 of the World's top 100 banks, 8 of the top 10 asset managers, and 8 of the top 10 custodians rely on SmartStream’s solutions.
SmartStream delivers greater efficiency, automation and control to critical post trade operations including: Reference Data Operations, Trade Process Management, Confirmations and Reconciliation Management, Corporate Actions Processing, Fees and Invoice Management, Collateral Management, Cash & Liquidity Management and Compliance Solutions. Used independently or as a suite of solutions and services, clients gain a lower cost-per-transaction whilst reducing operational risk, aiding compliance and improving customer service levels.
For more information about SmartStream visit: www.smartstream-stp.com
Shamira Alidina, Media Relations Director, (UK/Europe)
Tel +44 (0) 7801 590718
Mark Roth (Americas), CMO
Tel: (212) 763-6500
Julie Kyte (Asia Pacific and Middle East)
Senior Marketing Manager
Tel: +65 6224 7689
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