India markets closed
  • BSE SENSEX

    52,975.80
    +138.59 (+0.26%)
     
  • Nifty 50

    15,856.05
    +32.00 (+0.20%)
     
  • USD/INR

    74.4250
    -0.0250 (-0.03%)
     
  • Dow

    35,061.55
    +238.20 (+0.68%)
     
  • Nasdaq

    14,836.99
    +152.39 (+1.04%)
     
  • BTC-INR

    2,524,361.75
    +120,858.25 (+5.03%)
     
  • CMC Crypto 200

    786.33
    -7.40 (-0.93%)
     
  • Hang Seng

    27,321.98
    -401.86 (-1.45%)
     
  • Nikkei

    27,548.00
    +159.80 (+0.58%)
     
  • EUR/INR

    87.6338
    -0.0146 (-0.02%)
     
  • GBP/INR

    102.3076
    -0.1833 (-0.18%)
     
  • AED/INR

    20.2200
    -0.0050 (-0.02%)
     
  • INR/JPY

    1.4824
    +0.0055 (+0.37%)
     
  • SGD/INR

    54.7280
    -0.0460 (-0.08%)
     

KeyBank Goes Live With SmartStream’s Cloud Collateral Management Solution

·2-min read

LONDON, Jun 15, 2021--(BUSINESS WIRE)--SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces KeyBank N.A. goes live with its TLM Collateral Management (formerly Algorithmics/IBM Collateral) OnDemand solution - offering coverage for cleared and non-cleared, over the-counter (OTC) derivatives, repo and securities lending margining.

KeyBank needed to streamline its back-office workflow with a cloud offering that would enhance efficiencies within their collateral management operations - this included all data capture, validation, calculation and processing. In addition, the use of APIs links the application to various other reporting solutions and downstream systems. A powerful user interface provides clear and logical paths for the user, and a management dashboard will help with trend analysis and decision-making.

Paula Janofsky, Swap Operations Director, KeyBank, states: "Moving to the cloud enabled us to further improve and automate our operational and credit risk strategies, and reduce our internal infrastructure and support costs".

Jason Ang, Program Manager, TLM Collateral Management, SmartStream, states: "We are delighted to have gone live with KeyBank. The bank will benefit from SmartStream’s industry leading collateral management solution ensuring that all operational efficiencies are met, whilst keeping an eye on costs".

TLM Collateral Management can be installed on-premise or accessed via the cloud. The latter deployment option removes the need for firms to buy and install their own hardware, shortening implementation times and minimising overheads. SmartStream’s Collateral Management OnDemand solution provides physical segregation of client data to ensure that client information is never commingled.

Ends

View source version on businesswire.com: https://www.businesswire.com/news/home/20210615005095/en/

Contacts

Shamira Alidina, Media Relations Director, Dina Communications
Tel: +44 (0) 7801 590718
Email: shamira@dinacomms.com

Nathan Gee, Marketing Director, SmartStream Technologies
Tel: +44 (0) 20 7898 0630
Email: nathan.gee@smartstream-stp.com

For more information, visit: www.smartstream-stp.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting