Dr. Darryl Twiggs, chief technology officer (CTO), for SmartStream Technologies, took time out of his busy Sibos schedule last month to talk to FTF News about why the post-trade solutions and services provider has fully embraced artificial intelligence (AI) for managed Ops services.
“Currently, traditional rules-based processing is very good and has a high success rate,” Twiggs said. The vendor is “very focused” on a small gap of “additional items that can be improved” via AI.
“The second way we’re looking at AI, for example, in cash management is to improve the operational experience,” he said. While SmartStream already has offerings for payments coming in on a day-by-day basis, the vendor is looking ahead.
“Now we’re moving that to the next level,” Twiggs said. “We’re predicting which minutes in the working day that that payment is going to be settled using AI, which is looking at the history, the trend, the behavior of that payment process.”
The FTF News story about SmartStream’s Sibos managed services news can be found here http://bit.ly/357888D . The Sibos conference and exhibition took place in London.
Please click on the image above to see the full interview.
CREDITS:
Videographer: Timothy Foster Photography & Film, www.timothyfoster.co.uk
Video Production: Janene Knox.
Interview conducted by Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Grygo
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