Overview

Reuse your existing SWIFT infrastructure to process reconciliations with SmartStream’s TLM OnDemand Software as a Service (SaaS) solution.

SWIFT and SmartStream, the financial Transaction Lifecycle Management specialist, have partnered to enable financial institutions to communicate with SmartStream’s TLM OnDemand reconciliation service via SWIFT.

Existing SWIFT customers can reuse their SWIFT infrastructure to use SmartStream’s service, reducing transaction breaks, operational risk and time to process transactions, while maximising their return on investment and minimising total cost of ownership (TCO).

TLM OnDemand is SmartStream’s Software as a Service (SaaS) offering for reconciliations. Its subscription-based approach requires no upfront expenditure on software licences and a rapid on-boarding process delivers a live service in a matter of weeks.

SaaS enables financial institutions to access software solutions in a cost-effective way, eliminating the burden and cost of in-house management and maintenance of applications and giving firms flexibility and agility in the way they deploy software.

TLM OnDemand’s transaction-based pricing model offers a low-cost route for smaller financial institutions, including investment managers, broker/dealers and banks to access a market-leading reconciliation solution.