back Back

SmartStream launches new cloud-native AI application

By Megha Bhattacharya

April 14, 2021

  • India
  • Smartstream Technologies
Share

SmartStreamSmartStream Technologies today announced the launch of SmartStream Air version 3, with an aim to support global clients on the Microsoft Azure platform. This development will also allow more countries to meet local regulatory requirements and access improved AI capabilities for managing critical data across the enterprise. According to the company, SmartStream Air version 3 is cloud-native and has always been hosted on Amazon Web Services (AWS). It is now available on the Microsoft Azure platform in a bid to provide clients the flexibility to choose depending on their regional requirements.

Andreas Burner, CIO, SmartStream Technologies, stated, “We are extending our footprint by running version 3 natively in the Microsoft Azure cloud infrastructure – this will allow many regions around the world to utilise regional data centres and comply with the necessary regulatory requirements. Customers can now take advantage of more functionality and improved performance for managing critical data through the use of the latest AI and machine learning technologies. In addition, we have developed new and improved AI capabilities, which allow for more automation and the decrease in the need for manual touchpoints. Overall, the discussion with clients has proven that this latest version has made it easier for them to take control of their data, while speeding-up the use of the latest AI technology across the enterprise”.

SmartStream stated that the solution comes with full ‘data lake’ support – allowing clients to incorporate reconciliations and run custom reports using analytical tools based on the collected data. This new feature allows for deep insights of the data in the reconciliation process by using tools such as Microsoft Power BI or Tableau, to optimise workflows and improve matching rates.

Recently, SmartStream Technologies announced the launch of its new API suite in a bid to offer quicker access to services providing accurate data, with improved customer service, operational efficiency, greater agility, and competitiveness. The new API is expected to enable financial institutions to save infrastructure costs and implement an affordable service. SmartStream’s Reference Data Utility’s (RDU) regulatory reference data services can now be accessed by API.

Previous Article

April 14, 2021

Mastercard partners with ConsenSys to support the future of multi-blockchain commerce

Read More
Next Article

April 14, 2021

MX fastens loan approval process for FormFree and closes more than 1mn loans

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

India

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Finastra taps Databricks to boost AI capabilities & enhance services

Read More

Today

5 Cybersecurity firms helping businesses fight digital crime in India

Read More

January 15, 2024

Opus unveils FinGeniusAI solution for banks & financial institutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023