History
SmartStream provides enterprise-wide, real-time Transaction Lifecycle Management (TLM) solutions to approximately 1,500 clients, including over 70 of the world's top 100 banks. SmartStream's solutions enable clients to tackle the barriers to Straight Through Processing and create more efficient, customer focused, cost-effective, compliant operations.
Founded in 2000, SmartStream has expanded and evolved from a dedicated focus on reconciliations to become a leading provider of software solutions that bring automation and control to post-trade operations. The company has grown rapidly, introducing new solutions and winning multiple industry accolades.
2019
- Launch SmartStream Air, instant reconciliations using artificial intelligence and machine learning
- Introduced new artificial intelligence modules for managed services, cash and liquidity and digital payments
- Launch Security Reference Data Service (SFTR) service, a cloud-based security reference data service to simplify and enable firms to meet the European Union’s SFTR requirements
- Certified AWS Technology Partner
2018
- Deutsche Bank moves reconciliation operation to SmartStream’s Centre of Excellence
- Launch of TLM Aurora, the first modules deliver control for the processing of digital payments and investigations for SWIFT GPI and RTGS
- SmartStream steps ahead with next generation artificial intelligence for back-office processing, and announces the SmartStream Innovation Lab
- The SmartStream RDU and leading APAs launch systematic internaliser registry, for MiFID II / MiFIR regulatory framework
2017
- Opening of SmartStream’s managed service office in Jaipur to serve a tier 1 bank
- Launch of Reconcile-Trade, a collaboration with RegTek.Solutions to offer independent, turnkey reconciliation solutions for global regulatory reporting
- Launch of SmartStream’s latest version of TLM Reconciliations Premium for user independence and operational flexibility
- The SmartStream RDU announced a new fully integrated reference data service for MiFID II
- Release of Corona Retail Payments Control, a reconciliations and exceptions management product, supporting a wide-range of retail payments
2016
- Multiple client signings for Corona Cash & Liquidity Management
- Industry Veteran Peter Moss Named CEO of The SmartStream Reference Data Utility
- SmartStream launches TLM SmartRecs OnDemand through its new Innovations Lab
- Nikko Asset Management selects SmartStream's TLM OnDemand for reconciliations
- For the second consecutive year secures a company record for the number of awards and industry accreditations
2015
- Goldman Sachs, JPMorgan Chase, Morgan Stanley join with SmartStream to create Reference Data Utility (RDU)
- Data vendors sign-up to provide data to The SmartStream Reference Data Utility (RDU)
- Acquires Algorithmics collateral assets from IBM to launch TLM Collateral Management
- SmartStream reduce front office risk by introducing real-time cash management solution
- Launches Centre of Excellence (CoE) and is adopted by over 20 financial institutions globally
- Secures a company record for the number of awards and industry accreditations
2014
- U.S. Securities and Exchange Commission awards contract to SmartStream for TLM Reconciliations Premium
- Acquires fees & expense management software from Credit Suisse
- Issues strategy paper on intraday liquidity and its implications on financial institutions
- Launches single platform for proactive exceptions management
- Recognised as one of the fastest growing firms in the Fintech 100
2013
- First to launch single reconciliations solution for all back office operations
- Launches TLM Accounts Receivable to enable banks to provide intelligent payments for their corporate clients
- Banks deliver reconciliations in minutes with the launch of TLM SmartRecs
- SmartStream named a Top Technology Provider by American Banker, Bank Technology News and IDC Financial Insights
- Collaboration with Accenture on the launch of APTP - a new industry standard for post-trade processing
2012
- SWIFT partners with SmartStream to evolve its Accord Matching Service
- SmartStream first to Provide T+0 Liquidity Management Solution
- Awarded multiple SWIFTReady labels including TLM Corporate Actions
- Waters awarded SmartStream 'Best Buy-Side Reconciliation Platform' for the third year
- Wins Banking Technology 'Best Corporate Actions Automation Product or Service' for the second year
2011
- SmartStream wins 3 significant industry awards for innovation in Corporate Actions
- TLM Reconciliations-Premium launched for ETD processing and secures first client
- Launch TLM Corporate Actions Event Management OnDemand
- Launch TLM Transaction Fees Invoice Management solution
- Announce new Account Reconciliation solution and partners with Genpact
- Wins Asian Banker 'Technology Implementation of the Year' for TLM Trade Process Management at Colonial First State
2010
- Wins significant industry awards for innovation in Corporate Actions, Reconciliations and Exception Management
- Card processing solution launched
- DClear launches new Data Dictionary service
- TLM Reconciliations for Exchange Trades Derivatives launched
- SmartStream climbs 10 places in the American Banker’s 'FinTech 100' after sustained growth
- TLM OnDemand reaches more than 150 live clients
2009
- SmartStream launch TLM OnDemand (SaaS Reconciliations)
- Wins The Asian Banker's 'IT Implementation of the Year' for RBS project
- DClear Utilities launched for Back Office, Brokerage and Reference Data
- Becomes first vendor to have a solution available on industry SWIFT network
- TLM Reconciliations Premium launched and first deal signed
- New TLM Corporate Actions solution launched
2008
- First client signs to TLM Cash Management
- TLM Treasury Confirmations launches with UK Tier 1 bank
- Global expansion continues with new office in Dubai
- Standard Chartered creates global reconciliation platform with TLM
- Indian Development Centre expands to enhance breadth of TLM solutions
2007
- TLM Trade Process Management launched
- TLM Cash Management launched at Sibos industry conference
- Santander creates the first reconciliation 'shared service centre' with TLM
- DIFC acquires SmartStream from TA Associates
2006
- TLM Control launched
- TA Associates acquires SmartStream
2003
- Acquires Connextive and ESI, providing additional BPM tools and basis for TLM Corporate Actions solution
2000