KUALA LUMPUR, Oct 29 -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider has introduced a new artificial intelligence (AI) module to capture missed payments and receipts.
The company has completed a proof of concept for an AI and machine learning module within its existing TLM Cash and Liquidity Management solution which is essential for any business in terms of liquidity risk and regulatory reporting.
The next phase of the solution’s development is about predicting the settlement of cash-flows, whereby SmartStream has been working on a proof of concept with its clients for profiling and predicted intraday settlement activity.
Cash management teams will gain greater visibility into the payment process and manage liquidity risk more efficiently, minimising the potential of payments being missed, according to a statement.
The new TLM Cash and Liquidity Management, AI and machine learning module is an important development for any financial institution with a treasury department, with its ability to predict when credit is going to arrive; giving the treasurer more control over cash flows.
The core of the module is underpinned by sophisticated machine learning technology that continuously improves, meaning the predictions become more accurate and treasurers can make more informed decisions.
-- BERNAMA
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