SmartStream's new AI module for digital payments processing
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched a new AI module that uses machine learning for continuous digital payments processing - a typical project to maintain and improve the matching rules would take up to two days, it can now be achieved with a simple tick.
Roland Brandli, Product Manager, SmartStream, states: “Imagine having a virtual operations team that never sleeps, constantly comparing and fixing. Having a sophisticated reconciliations solution working perfectly entails effort, cost and access to skilled IT staff. Sometimes, it can be tempting to let maintenance issues slide and not keeping a constant eye on such matters can be risky. If matching rules are not reviewed and reconfigured regularly, matching rates are likely to decrease. Investigating these can involve hiring extra operations staff and impose added expense”.
The new module is designed to work with SmartStream’s TLM Aurora Digital Payments Control solution. The module is easy to deploy, providing a speedy and convenient boost to efficiency for managing reconciliations daily.