KUALA LUMPUR, Dec 2 -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, has announced that Curo Fund Services in South Africa, has gone live with TLM Aurora Trade Process Control.
This consolidates infrastructures across asset classes and business lines, ensuring all trade processing, proactive executions management, through to settlement, are based on verified data, thus enhancing cost efficiencies and regulatory compliance.
According to a statement, Curo Fund Services required a solution to further control and provide visibility of its trade processing requirements and to replace multiple silos for a structured end-to-end solution.
SmartStream’s TLM Aurora Trade Process Control will support the entire transaction lifecycle from the point of deal capture through to allocation, confirmation and settlement.
By introducing greater automation and enhancing control, the product will assist in lowering operational risk and cost, as well as managing market volatility and meeting buy-side regulatory requirements.
SmartStream EVP Product Management, Vincent Kilcoyne said: “As the industry adapts to changes, we look forward to working with Curo to assist them in their growth goals and to further strengthen their position as leaders in investment administration for their clients.”
A key aspect of TLM Aurora Trade Process Control is the proactive exception management capability which will pre-empt issues at the earliest possible stage, ensuring exceptions are picked up and resolved as early as possible.
-- BERNAMA
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