SmartStream Introduce a New Artificial Intelligence Module to Capture Missed Payments and Receipts
Summary
LONDON--(BUSINESS WIRE)--SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today completed a proof of concept for an artificial intelligence (AI) and machine learning module within its existing TLM Cash and Liquidity Management solution for receipts and payments - essential for any business in terms of liquidity risk and regulatory reporting. Andreas Burner, Chief Innovation Officer, SmartStream, states: “This proof of concept is clearly another important step towards ensuring that our clients are keeping pace with what the regulators are demanding - and in particular the questioning of a bank’s position and the management of its outstanding balances. 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. It also offers another tool that can be used to mitigate the impact of reputational risk as it relates to the ability to meet payment obligations by allowing greater visibility into exposure limits with predicted forecasting.
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