SmartStream Technologies, a provider of transaction lifecycle management solutions, has announced that a Swiss investment bank has selected its TLM Cash Management to manage its global cash flows.
The global deployment will provide the bank with real-time access to account information and deliver greater control to nostro sweep processes. TLM Cash Management will support a more efficient way to view funding requirements across the nostro accounts, enabling the bank to make better, more informed funding decisions.
Richard Cummings, regional director of UK at SmartStream Technologies, said: We are delighted that this leading bank has selected TLM Cash Management for such a critical project. We are continuing to see a high level of interest in our Cash Management solution as a result of recent market turmoil and the consequent need for efficient cash and liquidity management.