LONDEN– (BUSINESS WIRE) – SmartStream Technologies, de leverancier van oplossingen voor Transaction Lifecycle Management (TLM^®)(TLM®), kondigde vandaag de lancering aan van zijn Intraday Liquidity Stress Testing-module, onderdeel van de TLM Cash en Liquidity Management-productsuite. Het uitvoeren van een stresstest en het uitvoeren ervan kan tot acht weken duren, met de nieuwe module kunnen banken dit binnen enkele minuten uitvoeren – wat essentieel is voor het verfijnen van het scenario, het nemen van realtime beslissingen, rapportage en risicoanalyse.

SmartStream liet onderzoek uitvoeren door Baringa Partners, een management adviesbureau, en het rapport benadrukte dat als een bank haar liquiditeitsbuffer met $ 6 miljard zou kunnen verminderen, dit wel $ 50 miljoen per jaar zou kunnen besparen. Het is duidelijk dat banken stresstests moeten uitvoeren om de winstgevendheid te verbeteren en de operationele inspanningen om aan de wettelijke vereisten te voldoen, te verminderen. Met deze overwegingen in gedachten, ontwikkelde SmartStream de nieuwe module om onmiddellijk stresstestresultaten te leveren. Het product is standalone of via de cloud verkrijgbaar. De pandemie en de turbulente omstandigheden hebben dit type stresstesten essentiëler gemaakt en de waarde van een dergelijke oplossing voor banken versterkt.

SmartStream the First to Launch a Comprehensive Intraday Liquidity Stress Testing on Demand Solution

LONDON–(BUSINESS WIRE)– SmartStream Technologies, the financial Transaction Lifecycle Management (TLM^®) solutions provider, today announced the launch of its Intraday Liquidity Stress Testing module, part of the TLM Cash and Liquidity Management suite of products. Carrying out a stress test and running it can take up to eight weeks, with the new module it allows banks to run this in minutes – which is essential for refining the scenario, making real-time decisions, reporting and risk analysis.

SmartStream commissioned research from Baringa Partners, a management consultancy firm, and the report highlighted that if a bank could cut its liquidity buffer by $6bn, it may save as much as $50m per year. There is a clear need for banks to carry out stress testing to improve profitability and reduce operational effort to meet the regulatory requirements. With these considerations in mind, SmartStream developed the new module to provide stress test results immediately. The product is available as standalone or via the cloud. The pandemic and the turbulent conditions have made this type of stress testing more essential and re-enforced the value of such a solution to banks.

Nadeem Shamim, Head of Cash and Liquidity, SmartStream, states: “The research carried out by Baringa Partners in conjunction with the development of our new module has created a great deal of interest in the market, we are currently having many detailed conversations with banks where the ability of a comprehensive solution with the flexibility of testing different stress scenarios is critical. Also the current turmoil in the market has had a big impact on a bank’s liquidity – so the ability to model the potential impact of such occurrences is no longer simply a regulatory box-ticking exercise, but a matter of self-protection and even of survival for many financial institutions”.

Simon Gray, Director, Baringa Partners, says: “The research identifies that it’s no longer about meeting intraday liquidity reporting requirements, banks are now seeing value in stress testing and having the tools to carry out complex scenarios with a high degree of accuracy for making more informed decisions. In addition, the findings revealed that it has gone from being a regulatory burden to creating a stringent, active framework within which to manage liquidity risk. By simplifying the complex and time-consuming testing process, SmartStream’s solution allows banks to run a variety of stress scenarios in a short space of time, which is critical”.

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Contacts

For further information please contact:
Shamira Alidina, Media Relations Director, Dina Communications

Tel: +44 (0) 7801 590718

Email: shamira@dinacomms.com

Nathan Gee, Marketing Director, SmartStream Technologies

Tel: +44 (0) 20 7898 0630

Email: nathan.gee@smartstream-stp.com

For more information about SmartStream visit: www.smartstream-stp.com