Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.
According to SmartStream, SmartStream Air version 3 is designed to support global clients on the Microsoft Azure platform, enabling more clients to meet local regulatory requirements and access better AI capabilities for managing critical data. Prior to Microsoft, the platform had always been hosted on Amazon Web Services.
The SmartStream Air version 3 is cloud-native and comes with full ‘data lake’ support, which enables clients to integrate reconciliations and run custom reports through the use of analytical tools that are based on data collected.
SmartStream claims the data lake feature allows for ‘deep insights’ of the data in the reconciliation process through the use of tools such as Tableau and Microsoft Power BI, which enables workflows to be optimized and improves matching rates.
The company also stated the Air version 3 requires no training or IT skillset, behaves like a consumer app and is supposedly the fastest AI data-quality application available on the market today.
SmartStream CIO Andreas Burner said, “We are extending our footprint by running version 3 natively in the Microsoft Azure cloud infrastructure – this will allow many regions around the world to utilise regional data centres and comply with the necessary regulatory requirements. Customers can now take advantage of more functionality and improved performance for managing critical data through the use of the latest AI and machine learning technologies.
“In addition, we have developed new and improved AI capabilities, which allow for more automation and the decrease in the need for manual touchpoints. Overall, the discussion with clients has proven that this latest version has made it easier for them to take control of their data, while speeding-up the use of the latest AI technology across the enterprise.”
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst