SmartStream Technologies has released a new version of its TLM Exception Management solution to provide firms with a consolidated view of their resolution process via a single platform.
The updated version of TLM Exception Management is said to unify exceptions processing across the firm so that multiple participants can look directly into their entire resolution process via a single interface.
"Financial institutions are under pressure as never before to cut overheads," says Philippe Chambadal, CEO of SmartStream. "Companies are looking to reduce between 30 and 50 percent of their back and middle office costs and so are constantly reviewing their operations, searching for ways of introducing greater efficiency. One area under scrutiny is exception management where resolution times are still too long, exposing organizations to unnecessary risk and expense."
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails