SmartStream Technologies has added quality assurance (QA) testing as a service for its transaction lifecycle management (TLM) Collateral Management solution.
TLM Collateral Management is an automated data management solution that helps financial institutions reduce operational risks associated with collateral management programmes.
It offers a variety of functions to support the increasing use of collateral within the local and global banking community, with coverage for cleared and non-cleared over-the-counter derivatives margining, repo margining and securities lending margining.
The new service enables collateral administration desks to stay current with changes in the market and regulations, whilst providing the best service to clients.
As a result of this launch, SmartStream will deliver a suite of automated and manual tests, allowing financial institutions to leverage SmartStream’s internal testing capabilities.
Customers’ own tests can be incorporated and their customisations deployed. This enables clients to take on new functionality more rapidly and vastly reduce internal testing efforts, according to SmartStream.
Jason Ang, product manager at SmartStream, said: “Transparency is key when clients upgrade —our clients recognise the challenge in staying ahead with the most recent releases, new regulatory requirements, operational and market functionality, at the same time preparing for risk mitigation strategies, maintaining connections to internal systems and managing costs.”
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