KUALA LUMPUR, Sept 23 -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched a new artificial intelligence (AI) module that uses machine learning for continuous digital payment processing.
In a statement, the company said it was a typical project to maintain and improve the matching rules that would take up to two days; it could now be achieved with a simple tick.
The new module will enable match rates to be instantly updated, whilst at the same time, system reconfigurations will be done automatically, helping to reduce operational costs and minimise risk.
It will help financial firms to keep maintenance costs down, as well as lessen business users’ reliance on busy IT departments. It also takes away the need to carry out time-consuming and expensive projects to redesign their technical architecture.
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.
More details at www.smartstream-stp.com
-- BERNAMA
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