Transaction Processing Systems
Bank of Scotland (Ireland) Extends use of SmartStream's TLM® to Support its Home Loans and Mortgages Divisions
LONDON, June 21/ - SmartStream Technologies, the Transaction Lifecycle Management
specialist, today announced that Bank of Scotland (Ireland) has expanded its use of TLM® to automate payments for its home loans and mortgages divisions.
Bank of Scotland (Ireland) currently uses SmartStream's TLM Cash Management and TLM Reconciliations solutions to provide its Finance and Treasury divisions with visibility across their entire payments process.
Payments are automatically managed from start to finish, enabling the bank to eliminate paper work and reduce re-keying of data and the subsequent opportunity for human error.
Sean Moore, Business Project Manager, Bank of Scotland (Ireland),
explained: "The initial TLM implementation enabled us to build an automated, volume insensitive process that can easily be extended as we expand our operations. By automating our payments and receipts processes, we have been able to further reduce risk whilst delivering the highest level of customer service. Extending the service to our home loans and mortgage divisions is a natural progression which has been made very simple by TLM's scalability."
Commenting on the project, Richard Cummings, UK Regional Director, SmartStream, stated: "We are delighted that Bank of Scotland (Ireland) has chosen to roll out TLM to these additional divisions. Their expansion of the service into other lines of business demonstrates the benefits firms can gain from TLM's scalability and flexibility and how the bank's investment in the solution has delivered a future-proofed payments system to support their business today and in years to come."
About SmartStream Technologies
SmartStream Technologies provides enterprise-wide, real-time Transaction Lifecycle Management (TLM®) solutions that deliver sustainable ROI through non-disruptive business transformation.
Derived from SmartStream's STP Control Architecture, TLM solutions leverage and enhance existing infrastructure investments to automate scalable process flows, within and beyond the enterprise, to track and control financial transactions.
Over 1,000 clients, including more than 70 of the world's top 100 banks, rely on TLM solutions to eliminate the barriers to STP thereby reducing operational risk and cost whilst addressing regulation and improving customer service.
SmartStream's STP Control Architecture delivers TLM solutions for:
o Cash Management
o Compliance
o Corporate Actions
o Enterprise Exception Management
o Reconciliations
o Trade Finance
o Trade Process Management
SmartStream's global Professional Services and Support operations deliver successful implementations and ensure clients benefit from their investment in TLM solutions.
The company is headquartered in the UK with direct operations in London, Bristol, Paris, Vienna, Zurich, Frankfurt, Luxembourg, Madrid, Milan, New York, Singapore, Beijing, Sydney and Mumbai.
Source: SmartStream Technologies
For further information, please contact: Belinda Morris/Terence Gibbons, College Hill, +44-(0)207-457-2032, terence.gibbons@collegehill.com, +44-(0)207-457-2059, belinda.morris@collegehill.com
Alastair McGill, Marketing Director, SmartStream Technologies, +44-(0)20-7847-8000/8021, +44-(0)779-509-6153, email: alastair.mcgill@smartstream-stp.com
www.smartstream-stp.com
