KUALA LUMPUR, June 7 (Bernama) -- SmartStream has announced the latest version of SmartStream Air, with new artificial intelligence (AI) functionality to onboard cash balances faster and more accurately, whilst further improving cash reconciliations.
According to SmartStream in a statement, a new development team was set up to research and provide the new functionality in partnership with clients.
“To ensure we had the right upgrade, we hired a team of user experience (UX) researchers to make sure we are delivering what the market is currently demanding.
“Having tested it with a few clients, the results have shown that the solution empowers them to be confident in their decision-making, in addition to providing an end-to-end solution, with a quick implementation time.
“This enhanced version is a powerful addition to our SmartStream Air solution – providing AI-enabled technology in the cloud,” said SmartStream Head of Product Management – AI and Machine Learning, Jethro MacDonald.
If cash balances and/or positions are not managed correctly they will eventually lead to errors, financial losses and even regulatory penalties. The key unique selling proposition (USP) for SmartStream Air version 8 is for quick and easy onboarding of cash balances.
The latest solution will continue to leverage its AI-enabled technology and exception management capabilities to provide users with the confidence to manage cash balances instantly.
SmartStream is a recognised leader in financial transaction management solutions that enable firms to improve operational control, reduce costs, build new revenue streams, mitigate risk and comply accurately with the regulators.
-- BERNAMA
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