Deutsche Bank verhuist de aansluitingsdiensten naar SmartStream om de verwerking te verbeteren en de kosten te verlagen
LONDEN—(BUSINESS WIRE)- Als onderdeel van haar transformatiestrategie heeft Deutsche Bank het Centre of Excellence (CoE) van SmartStream Technologies geselecteerd om een extern bedrijfsplatform te bieden – met drie diensten waarmee de bank haar aansluitingsomgeving kan stroomlijnen, vereenvoudigen en de kosten ervan kan verlagen.
Met de groei in het aantal aansluitingen is de verwerking van grote hoeveelheden data complex geworden. Veel financiële instellingen onderzoeken hulpprogramma’s om nauwkeurigheid en kostenbesparingen te garanderen. Met de toevoeging van de CoE aan Deutsche Bank zal SmartStream de bank drie afzonderlijke beheerde diensten verlenen: aansluitingen op bestelling, productieondersteuning en operationele aansluitingsdiensten.
Deutsche Bank Moves Reconciliation Services to SmartStream to Further Improve Processing and Reduce Costs
LONDON–(BUSINESS WIRE)– As part of its transformation strategy, Deutsche Bank has selected SmartStream Technologies’ Centre of Excellence (CoE) to provide an off-site operations platform – including three services which will allow the bank to streamline, simplify and reduce the costs of its reconciliations environment.
With the growth in volume of reconciliations, the processing of large quantities of data has become complex. Many financial institutions are exploring utilities to ensure accuracy and cost savings. With the addition of the CoE to Deutsche Bank, SmartStream will provide the bank with three distinct managed services: Reconciliations On-Boarding, Production Support and Operational Reconciliation Services.
The new services will improve processing of reconciliations by making it faster and more cost-effective. The integration of the overall service will be done in a phased approach, where Deutsche Bank will increase productivity and reduce costs through mutualisation.
SmartStream’s Transaction Lifecycle Management (TLM®) Reconciliations Premium solution performs Nostro and Securities, as well Intersystem reconciliations at Deutsche Bank and the CoE will manage all of these processes. Further efficiencies will be gained by reducing the complexity of systems, processes and technology, whilst creating a governance structure to define best practices for all reconciliations at the bank.
Bobby Handa, Head of the Global Reconciliations Group, Deutsche Bank, states: “This step is part of our journey to reduce the complexity of our IT environment. Modernising our reconciliation processing is critical to increasing productivity, reducing costs, as well as meeting regulatory requirements. Our aim with the CoE is to apply continuous process improvement across our business lines, as well as minimising and eliminating any likely risks”.
Haytham Kaddoura, CEO, SmartStream, comments: “We are delighted that Deutsche Bank has embraced the managed service utility and what it provides to reconciliations operations. As a team we are working to provide a complete and sophisticated end-to-end reconciliations process, designed to give the bank a competitive edge with centralised reconciliations services, which will enable growth, provide stability and mitigate risk. We at SmartStream have invested a significant amount of R&D in the CoE, which comes with a powerful team capable of running the entire operation, hence reducing the burden on management time at Deutsche Bank”.
Ends
View source version on businesswire.com: https://www.businesswire.com/news/home/20180620005082/en/
Contacts
SmartStream Technologies, Inc.
New York:
Mark Roth, Chief Marketing Officer
Tel: (212) 763-6509
Email: mark.roth@smartstream-stp.com
or
London:
Nathan Gee, Senior Marketing Manager
Tel: +44 (0) 20 7898 0630
Email: nathan.gee@smartstream-stp.com
or
Dina Communications
Shamira Alidina, Media Relations Director
Tel +44 (0) 7801 590718
Email: shamira@dinacomms.com