SmartStream launches QA testing for collateral management

SmartStream Technologies has launched Quality Assurance (QA) testing as a service for its collateral management solution.

To reduce the amount of time and expertise devoted to a bank’s testing regime, whilst optimising the effort, cost and outcome, SmartStream said it is partnering with banks to provide QA testing as a service, delivered by its TLM Collateral Management platform.

The new service will enable collateral administration desks to stay up to date with changes in the market and regulations. SmartStream will deliver a suite of automated and manual tests, allowing financial institutions to leverage its internal testing capabilities and expertise.

Customers’ own tests can be incorporated and their customisations deployed, which will enable clients to take on new functionality more rapidly and vastly reduce internal testing efforts.

Jason Ang, product manager, SmartStream, said: “Transparency is key when clients upgrade – our clients recognise the challenge in staying ahead with the most recent releases, new regulatory requirements, operational and market functionality, at the same time preparing for risk mitigation strategies, maintaining connections to internal systems and managing costs”.

SmartStream’s TLM Collateral Management is an automated data management solution that helps financial institutions reduce operational risks associated with collateral management programs. It supports the increasing use of collateral within the local and global banking community, with coverage for cleared and non-cleared over-the-counter (OTC) Derivatives Margining, Repo Margining and Securities Lending Margining.

Last month, Libya’s Jumhouria Bank partnered with SmartStream for its Corona solution, which delivers intra-day reconciliations management across cash, cards, branch, central bank and payment transactions.

Deutsche Bank also recently selected SmartStream Technologies to streamline, simplify and reduce the costs of its reconciliations environment.  Under the deal, SmartStream will provide Deutsche with three distinct managed services: reconciliations on-boarding, production support and operational reconciliation services.

The SmartStream Reference Data Utility (RDU) also recently launched a Systematic Internaliser (SI) Registry to fill an important gap in the MiFID II regulatory framework. It has launched the registry in collaboration with a group of Approved Publication Arrangements (APAs) including Bloomberg, Deutsche Boerse, NEX Regulatory Reporting, TRADEcho, Tradeweb and Trax.

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