Financial transaction lifecycle management specialist, SmartStream Technologies, has boosted its partnership with SEI, an asset management provider, to build and deploy a new platform for SEI’s wealth management clients.
The new platform will be capable of managing its wealth management clients with cash, transactions and securities positions from a single reconciliation platform.
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This utility will be build leveraging the latest version of SmartStream’s TLM Reconciliations Premium technology.
The company said that the adoption of the exception management layer will result in improved client service, visibility of risk and operational savings.
Furthermore, the SEI will also deploy the new SmartStream TLM SmartRecs technology that will operate seamlessly with TLM Reconciliations Premium, offering record setting onboarding of new reconciliations data, supporting the utility model.
TLM SmartRecs allows business users to map and construct the reconciliations directly in line with their clients’ requirements.
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By GlobalDataSEI Private Trust Company executive vice president Ria Walsh said, "SEI is looking forward to achieving significant quality and efficiency gains through the deployment of TLM Reconciliations Premium."
"Additionally, we look forward to leveraging the TLM SmartRecs solution with a goal of broadening our current use of the solution for financial reconciliation, and using it in innovative ways to positively impact our business."
