SmartStream Unveils Disruptive TLM SmartRecs OnDemand for Small Businesses

SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) provider, in a bid to help push its disruptive technology, has launched its SmartLabs innovation center, which corresponded with the release of its TLM SmartRecs OnDemand solution, per a recent SmartStream statement.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

SmartRecs OnDemand is SmartStream’s inaugural attempt at pushing a new agenda that utilizes twin pillars of its business, i.e. innovation and technology. The solution itself is a Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term utility that helps facilitate reconciliation services for firms of all sizes, with a specific emphasis on small-scale firms.

Traditional use of techniques such as spreadsheets and basic reconciliation methodologies are prone to inefficiencies and errors, still relying in many instances on manual processing as a viable strategy for many financial services firms.

The SmartRecs OnDemand solution is also a cloud-based utility that aims to circumvent the aforementioned manual component used by financial firms. TLM SmartRecs OnDemand caters to small businesses that cover a higher range of latitude whilst giving consideration to all manners of the reconciliation process, for users of all experience and prowess.

According to Darryl Twiggs, Executive Vice President (EVP) Product Management, SmartStream, in a recent statement on the launch: "We’ve been in discussion with many smaller firms, such as hedge funds and financial departments within corporations, and they have repeatedly asked for a way to use our TLM SmartRecs OnDemand solution without having to provide their own internal support."

"What makes SmartLabs unique is that unlike other innovation labs, we can create solutions that benefit from the depth and breadth of over 20 years of development experience,” added Mr. Twiggs.

Last month, SmartStream technologies made headlines after it secured Ben Pielow as its newest Sales Director for the UK and Ireland. Since then, Mr. Pielow has helped focus on the group’s TLM and reference data utility (RDU) suite, which caters to a wide range of clients across both countries, whilst based out of London.