SmartStream Strengths, Domain Expertise, and Key Differentiators
SmartStream Technologies provides software and managed services for banks, asset managers, custodians, and broker-dealers worldwide. The company offers delivery models and utilities that include shared service utilities, a mutualized internal and external service where various parties receive the same data or service; an operational platform for managed services; on-premise TLM solutions that integrate with systems for upstream and downstream processing; and TLM OnDemand, a Software as a Service solution for automating cash, stock and securities reconciliations, and corporate actions processing.
SmartStream Recent Developments
In March 2021, SmartStream Technologies launched TLM Aurora Universal Data Control driven by client demand, it is the only solution of its type to match any reconciliations data, from basic to complex matching by enabling AI, machine learning and cloud-native technology. SmartStream, led by its clients, has completely re-engineered TLM Aurora Universal Data Control with a comprehensive solution to accommodate industry demands and the challenges faced by financial institutions.
In July 2020 SmartStream launched its Intraday Liquidity Stress Testing module, part of the TLM Cash and Liquidity Management suite of products. There is a clear need for banks to carry out stress testing to improve profitability and reduce the 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.
In October 2019, SmartStream introduced a new artificial intelligence module to capture missed payments and receipts. 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.
In October 2018, SmartStream Technologies launched TLM Aurora, the next generation of Corona, the industry’s leading reconciliation platform – the first new module is designed to support the new industry standards in the digital payments world, by providing connectors to SWIFT GPI, RTGS, as well as Blockchain-based networks, allowing for real-time operational control, proactive exception management, and low TCO.
Earlier, in June 2018 SmartStream Technologies launched the next phase of its innovations team – who are working with financial institutions to optimize workflows, using Artificial Intelligence (AI), Machine Learning (ML) and blockchain technologies, in the areas of reconciliations, cash management, and fees and expense management.
SmartStream Mergers and Acquisitions (M&A) Activities
SmartStream Acquired IBM’s Algorithmics collateral solution in 2015.
SmartStream Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SmartStream applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SmartStream and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SmartStream TLM OnDemand, customers.
SmartStream Overview
Ownership: - x
Number of Employees: 1000
Functional Markets: EPM, ERP Financial, TRM,
Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance, Professional Services,
SmartStream Key Enterprise and Cloud Applications
SmartStream TLM OnDemand,
SmartStream Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SmartStream Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
SmartStream Enterprise Applications Revenues By Functional Markets, $M:
SmartStream Enterprise Applications Revenues By Verticals, $M:
SmartStream Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
SmartStream Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
SmartStream Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SmartStream Customers
No. of SmartStream Customers: 2000
No. of SmartStream Enterprise Applications Customers: 2000
No. of SmartStream Cloud Customers: x
No. of SmartStream Cloud Subscribers: x
SmartStream has more than 2,000 clients including more than 70 of the world’s top 100 banks alongside the world’s leading asset managers, custodians, and broker-dealers. Among SmartStream customers are Nikko Asset Management, Societe Generale, Sydbank, AMP, Aviva, Bank of Scotland, Caixa Geral de Depósitos, Challenger, CLSA, Finance House PJSC, ING Investment Management Australia, Northern Trust, RBI, Raiffeisen Zentralbank Österreich, Santander, Syntel, The United Bank, Vanguard Investments, VUB Banka and others.
In October 2021, SmartStream Technologies announced that Fisher & Paykel Appliances, the global manufacturer of household appliances, operating in over 50 countries, has signed with SmartStream Air – providing the firm’s finance team with cloud-native, AI technology for bank reconciliations.
SmartStream Market Opportunities, M&A and Geo Expansions
SmartStream Technologies officially opened its Jacksonville office on Tuesday, June 15, and will be recruiting for a variety of roles to support both local operations and its continued growth in the global Fintech space. The London-based Fintech company’s expansion will create 20 jobs. The company currently has over 1,000 employees deployed across 25 global offices, and Jacksonville is its first Southeastern U.S. office. With over four decades of experience, SmartStream is a trusted partner in the delivery of automation and control to 70 of the world’s top 100 banks, capital markets, buy-side firms, and corporations.
SmartStream Technologies started collaborating with Cboe Europe, a new Amsterdam-based futures and options exchange, in September 2021. SmartStream RDU will make available Cboe Europe data to its clients – further bolstering its reference data coverage.
SmartStream extended its Public API (Application Programming Interface) for collateral management, to enable its clients with faster access technology to better serve their individual business needs. SmartStream’s Public API provides a flexible approach to enhance the deployment and integration of the TLM Collateral Management platform to rapidly build nuanced functional extensions and integration with other applications as well as its clients’ own internal systems.
SmartStream launched its SmartLabs innovation center and released its first solution TLM SmartRecs OnDemand. The SmartLabs mission is to proactively investigate and evaluate emerging and disruptive technologies - then deliver them in a fast and effective manner while using SmartStream’s time-tested expertise, skills, and methodology.
The first SmartLabs offering, SmartRecs OnDemand exemplifies this new paradigm. Built on new technology, the hosted service is easy to use for smaller firms with non-technical staff, offering an alternative for performing simple reconciliations. With the introduction of TLM SmartRecs OnDemand, there is now a cloud-based, straightforward, and cost-effective answer for companies looking to remove manual intervention from their reconciliations processing.
SmartStream Risks and Challenges
SmartStream acquired IBM’s Algorithmics collateral solution. The product, rebranded TLM Collateral Management, could mean additional cross-selling and upselling opportunities for its financial clients. The question is whether SmartStream is capable of fending off threats from ION Trading, Misys, and now FIS, which acquired SunGard in 2015, all of which have more extensive offerings in treasury and risk management as well as trading systems.
SmartStream Ecosystem, Partners, Resellers and SI
SmartStream continues expansion in Latin America by partnering with BRITech. In September 2021, SmartStream Technologies announced its partnership with BRITech S.A, a provider of end-to-end solutions for buy-side firms in Latin America. As partners, both firms will deploy digital solutions for back-office operations in the investment management ecosystem.
SmartStream Technologies partnered with Acadia, enabling increased efficiencies for the processing and calculation of interest statements for TLM Collateral Management customers and their associated counterparties. SmartStream’s TLM Collateral Management solution will work alongside Acadia’s Interest Statements workflow, available via its industry-standard Margin Manager platform. The solution will dispatch interest statements, reconcile, and resolve issues with counterparties in a standardized messaging format. This will remove the reliance on email exchanges and often lengthy, complicated dispute resolution by uploading statement data. In addition, Acadia’s matching engine will pair statements, highlight discrepancies, and produce final interest statements for clients and their relevant counterparties.
In March 2019, SmartStream partnered with Cassini Systems, a provider of pre and post-trade margin analytics for buy-side derivatives trading, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.
Its resellers are: in Europe Alliance Factors, D+H Switzerland GmbH, Fineksus, Intrasoft, Management Data Praha, Omikron, ProFIX; in America Alliance Enterprise, BRQ IT Services; in Asia AMFCO, Brilliance Technology, International Turnkey Systems, Kris FinSoft, P.T.Abhimata Persada, Syscom; and in Africa Trustlink, ActivEdge, Intercom. Its technology & development partners are HP, Huawei, Enterprise Business Group, IBM, Informatica, Oracle, Sun, and Sybase.
SmartStream Cloud Infrastructure Insights
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- SmartStream Public Cloud and Infrastructure (IaaS)
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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