https://www.fintechfutures.com/wp-content/themes/fintech_child/assets/images/logo/fintech-logo.png
  • Home
  • COVID-19
  • News
  • Intelligence
    • Back
    • Analysis
    • Interviews
    • Features
    • White Papers
    • Case Studies
    • Surveys, Reports & Infographics
    • Webinars
    • Podcasts
    • Videos
    • Library
    • Techwire
    • Browse
  • Publications
    • Back
    • Banking Technology Magazine
    • Supplements
    • Daily News at Sibos
    • Subscribe to Magazine
  • Content Hub
    • Back
    • Diversity & Inclusion
    • COVID-19: Industry impact & response
    • Challenger Banks Guide
    • Food For Thought
    • I’m Just Saying
    • Through a Gen Z Lens
    • Vlog: It’s a matter of comms
    • Fintech Agony Uncle
    • Ask The Expert
  • Videos
  • WTF? Podcast
  • Awards
    • Back
    • Banking Technology Awards
    • PayTech Awards
  • Digital Events
  • Advertise
  • Jobs
  • More
    • Back
    • About us
    • Contact us
    • Advertising / Media Kit
    • Banking Technology Magazine Calendar
    • Reports Calendar
    • FinTech Futures Newsletter
    • Events
  • FinTech
  • BankingTech
  • PayTech
  • RegTech
  • WealthTech
  • LendTech
  • InsurTech
  • US Edition
    • Intl. Edition
Banking Technology
  • NEWSLETTER
  • Home
  • COVID-19
  • News
  • Intelligence
    • Back
    • Analysis
    • Interviews
    • Features
    • White Papers
    • Case Studies
    • Surveys, Reports & Infographics
    • Webinars
    • Podcasts
    • Videos
    • Library
    • Techwire
    • Browse
  • Publications
    • Back
    • Banking Technology Magazine
    • Supplements
    • Daily News at Sibos
    • Subscribe to Magazine
  • Content Hub
    • Back
    • Diversity & Inclusion
    • COVID-19: Industry impact & response
    • Challenger Banks Guide
    • Food For Thought
    • I’m Just Saying
    • Through a Gen Z Lens
    • Vlog: It’s a matter of comms
    • Fintech Agony Uncle
    • Ask The Expert
  • Videos
  • WTF? Podcast
  • Awards
    • Back
    • Banking Technology Awards
    • PayTech Awards
  • Digital Events
  • Advertise
  • Jobs
  • More
    • Back
    • About us
    • Contact us
    • Advertising / Media Kit
    • Banking Technology Magazine Calendar
    • Reports Calendar
    • FinTech Futures Newsletter
    • Events
  • US Edition
    • Intl. Edition
  • newsletter
  • FinTech
  • BankingTech
  • PayTech
  • RegTech
  • WealthTech
  • LendTech
  • InsurTech

bankingtech.com

bankingtech.com


Oddo & Cie embraces SmartStream risk management

  • Written by FinTech Futures
  • 4th April 2013
Paris-based Oddo & Cie will use SmartStream technology to reduce risk

Paris-based Oddo & Cie will use SmartStream technology to reduce operational risk

French bank Oddo & Cie has chosen SmartStream Technologies to help improve its risk management and increase levels of automation in its reconciliations processing.

Under the deal between the two firms, the bank’s business process outsourcing unit Oddo Services Switzerland will use SmartStream’s TLM Corona reconciliation software, which is designed to automate manual end of day processing to enable more effective forecasting based on real cash positions.

TLM Coronoa’s modules cover intra-day reconciliation of cash transactions, securities messages and confirmations. Because the liquidity of the bank can be managed on a real time basis, in theory the bank will gain greater control of its financial exposure, cutting down on risk and providing a better opportunity to exploit market trends.

“We are very enthusiastic that Oddo Services, one of the major back office outsourcing providers in the French market, selected TLM Corona for its new Swiss business,” said Emmanuel Lesur, EVP and global head of sales at SmartStream. “Our goal is to help financial firms in the region solve important issues such as better control of operational risk and enhanced visibility of actual cash balances.”

Risk management has taken a larger profile in recent years, partly as a result of large fines levied on major global banks for failings in their internal risk management. In December, HSBC was fined £1.2 billion for failing to adequately prevent its operations being used to finance fraud and illegal operations in Mexico and the US. The same month, Standard Chartered agreed to pay £204 million to the US for illegally breaching that country’s sanctions on Iran.

Earlier this month, Nordic bank Alandsbanken chose a set of risk management tools from SunGard, Ambit Risk and Ambit Performance, to manage interest rate and liquidity risk and help the bank keep track of its balance sheet.

Tags: News Worldwide

Leave a comment Cancel reply

-or-

Log in with your FinTech Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related


  • WorldRemit founder Ismail Ahmed launches $500m Somaliland fund
    WorldRemit’s first market was Somaliland.
  • UK energy provider Octopus launches Moneycoach
    It intends to invest £10 million into Moneycoach to scale the offering.
  • Ikano Bank picks TruNarrative to sit at regulatory centre of digital change
    Swedish bank selects UK regtech firm to collate AML programmes.
  • US core banking vendor Nymbus sets up new business for credit unions
    “Credit unions have an immediate opportunity to leverage niche digital banking approaches".
  • Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m
    Airtel Africa hopes to list the mobile money business as a separate entity.
  • Stripe takes first step into Middle East with UAE expansion
    Digital payment transactions in the UAE during 2020 reached $18.5 billion.
  • Clubhouse introduces tipping for content creators with Stripe
    The one-year-old start-up has raised around $100 million to date.
  • CaixaBank may cut up to 8,000 jobs after Bankia merger
    The bank will start negotiations with labour unions just after Easter.

Related Content

  • Video: Top fintech stories this week - 02 April 2021
  • ICYMI funding round-up: Butter, Spiral, SadaPay, OVEX, Ensemble & more
  • Global fintech M&A round-up Q1 2021
  • Top 10 funding rounds in Q1 2021

Dock - virtual roundtables

Dock is free to attend for banks and FIs

Click here to register

Sponsorship opportunities available at Dock

Click here for more info

Magazine

Banking Technology April issue out now

8th April 2021

Banking Technology March issue out now

12th March 2021
view all

Webinars

Webinar: Getting to market faster by outsourcing PCI compliance

23rd March 2021

Webinar: Balancing app innovation and cybersecurity in financial services

5th March 2021

Webinar: How to stop massive mobile banking fraud with app security and risk-based authentication

9th February 2021
view all

Reports & Surveys

FinTech Futures Industry Survey & Report 2021

4th March 2021

Report: The power of data analytics in fintech solutions

25th February 2021

Omdia Universe 2020-21: Temenos recognised as a leader for digital banking platforms

15th December 2020

Report: Digital KYB – a springboard to customer onboarding success

30th November 2020
view all

Content Hubs

Diversity & Inclusion Hub

9th April 2021

Dear Luc: your most pressing fintech problems solved by our Agony Uncle

8th April 2021

Vlog: It’s a matter of comms

30th March 2021

COVID-19: industry impact & response

26th June 2020
view all

Podcast

What the Fintech? | S.2 Episode 8 | Bank branches amid COVID-19

8th April 2021

What the Fintech? | S.2 Episode 7 | Class is in session

19th March 2021

What the Fintech? | S.2 Episode 6 | Open banking on the loose

5th March 2021
view all

Videos

Video: Top fintech stories this week – 9 April 2021

9th April 2021

It’s a matter of comms | Episode 3 | ESG

23rd March 2021

Video: Top fintech stories this week – 18 March 2021

21st March 2021

It’s a matter of comms | Episode 2 | Strategy

  • 1
2nd March 2021
view all

White Papers

Embedded insurance: a $3tn market opportunity, that could also help close the protection gap

4th January 2021

White paper: The business value of ServiceNow for retail banks

12th December 2020

E-book: Migration to cloud – your guide to delivering an intuitive customer experience

8th December 2020

White paper: Re-wiring financial services operations for a bold future

7th December 2020
view all

Techwire

Analytics Insight Announces ‘The 10 Most Influential Women in Technology’ in April 2021

13th April 2021

FRISS Acquires Terrene Labs to Expand Underwriting Efficiency

13th April 2021

The Release of Nest Egg 2.0 Revolutionizes Investment Services for Banks and Credit Unions

13th April 2021

ZSuite Technologies Joins Forces with Five Forward-Thinking Community Banks to Develop ZEscrow

13th April 2021

Seeds Partners With AllianceBernstein to Expand Values-Aligned Portfolio Offering

13th April 2021

Toast Launches Enhanced Contactless Suite to Help Increase Restaurant Revenue and Support Restaurateurs in Reimagining Hospitality

13th April 2021

Be Mobile Offers a Way to Earn 5% on Your Savings

13th April 2021

TransUnion Joins Provenir Marketplace to Help Businesses Accelerate Credit Risk Decisions

13th April 2021
view all

Twitter

FinTech_Futures

Russian e-commerce firm @ozon_ru acquires @OneyGroup in $10m deal fintechfutures.com/2021/04/russia…

14th April 2021
FinTech_Futures

.@Currencycloud founding team reunites at @railsbank fintechfutures.com/2021/04/railsb…

14th April 2021
FinTech_Futures

.@auxmoney secures €250m in debt financing from @Citi and Chenavari fintechfutures.com/2021/04/auxmon…

14th April 2021
FinTech_Futures

.@federalreserve chairman Jerome Powell is more worried about cyber risk than the prospect of another 2008-style fi… twitter.com/i/web/status/1…

14th April 2021
FinTech_Futures

.@bankwithfair new CMO Toni Harrison shares her thoughts on why oppressors can’t be the underbanked's saviours fintechfutures.com/2021/04/fair-c…

14th April 2021
FinTech_Futures

Emirati tycoon Mohamed Alabbar to chair UAE challenger Zand fintechfutures.com/2021/04/emirat…

14th April 2021
FinTech_Futures

RT @psb_dc: That looks interesting ... 👇 Real connections in a virtual world: Dock Digital 2021 #DigitalTransformation #FinServ #FinTech…

14th April 2021
FinTech_Futures

Data-driven design thinking helps banks drive revenue "Clients, who benefit from superior digital experiences, wil… twitter.com/i/web/status/1…

13th April 2021

Dock: virtual roundtable experience like no other

18-19 May 2021; FREE TO ATTEND

US Challenger banks: who's who & what's their tech

Free to read

FinTech Futures Industry Survey & Report 2021

A deep-dive into the trends defining 2021 and beyond. FREE DOWNLOAD

Free webinar: Getting to market faster by outsourcing PCI compliance

22 April 2021, register today!

Fintech Futures
  • About us
  • Advertise with us
  • Contact us
  • Fintech jobs
  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookies Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X