Swiss investment bank UBS is using software from UK-based vendor SmartStream Technologies to implement an enterprise-wide collateral management reconciliation system.
UBS is expanding its existing installation of SmartStream's TLM Reconciliations technology to implement a collateral management reconciliation system, which will replace its existing securities reconciliation application.
The bank is also installing the vendor's Web portal TLM WebConnect in an enterprise-wide implementation. TLM WebConnect is being adopted to enable easy deployment of the reconciliation system across the firm's global user community and provide greater operational visibility to users through the use of intuitive dashboards.
Richard Cummings, regional director, SmartStream UK, says by expanding its use of TLM Reconciliations the bank will gain a further return on investment.