SmartStream Technologies and asset manager SEI have collaborated to create a new platform for SEI’s wealth management clients to manage their cash, transactions and securities positions all at once.
The platform is based on the latest version of SmartStream’s TLM Reconciliations Premium solution.
SEI will also deploy SmartStream TLM SmartRecs, which will work with TLM Reconciliations Premium. It will provide record setting onboarding of new reconciliations data.
TLM SmartRecs also enables business users to map and construct reconciliations directly in line with their clients’ requirements.
Ria Walsh, executive vice president of SEI Private Trust Company, said: “SEI is looking forward to achieving significant quality and efficiency gains through the deployment of TLM Reconciliations Premium.”
“Additionally, we look forward to leveraging the TLM SmartRecs solution with a goal of broadening our current use of the solution for financial reconciliation.”
“This relationship typifies the type of synergistic relationship we strive for in every long-term deployment; working together to develop the exact solution our customers need,” added Philippe Chambadal, CEO at SmartStream.
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