SmartStream has formed a strategic partnership with Finastra to expand collateral management capabilities for financial institutions.
The focus will be on the Middle East, Africa, and Asia-Pacific regions.
As part of the agreement, SmartStream’s TLM Collateral Management solution will be integrated into Finastra’s Kondor and Opics treasury platforms.
The partnership is aimed at supporting banks in managing collateral workflows and navigating increasingly complex regulatory requirements, particularly with the continued growth of over-the-counter derivatives.
The combined solution is designed to streamline operations, improve data accuracy, and support compliance across multiple business lines.
It can reportedly be deployed in under four weeks, providing a faster path to becoming operational. SmartStream’s solution was selected following an evaluation of its functionality, user interface, deployment flexibility, and ability to integrate with Finastra’s systems.
With a modular architecture, the system offers a high degree of automation and straight-through processing for collateral flows between counterparties.
Institutions can tailor the setup to meet specific regulatory and operational needs, and choose between on-premise or cloud deployment models based on their requirements.
Lauren French, Head of Partners, Treasury and Capital Markets Business Unit at Finastra, said,
“We are excited to partner with SmartStream to offer an industry leading collateral management solution.
Together, we aim to deliver a highly automated and regulated solution that gives our clients confidence in every aspect of their collateral management programs – from margin call workflow automation and optimisation to reporting, audits, and reconciliations across all business lines”.
Roland Brandli, Head of Partners and Alliances, SmartStream, said,
“A key advantage is our flexible deployment options, including on-premise and cloud-based solutions, allowing clients to choose the model that best fits their business needs.
This ensures greater security, enhanced performance, and tailored custom-code capabilities to meet firm-specific requirements”.
Featured image credit: Edited from Freepik
