Published: August 15, 2018
Comprising data scientists and mathematicians, the new team will be tasked with incorporating artificial intelligence into SmartStream’s solutions.
In June 2018, the financial software provider SmartStream Technologies announced the launch of the next phase of its innovations team. The new team, recruited to help design new artificial intelligence and machine learning techniques, will be based in the emerging fintech hub of Vienna.
“We have recruited a highly skilled and educated team to forefront our leading edge innovations, which we will roll back into our core solutions and deliver new services to our customers,” Dr. Darryl Twiggs, chief technology officer at SmartStream, tells EMEA Finance.
As he explains, SmartStream has always tried to stay ahead of the curve, taking advantage of new technologies as they emerge and become industrialised. This means seeking out new talent with a new base of skills.
“SmartStream has, since its incorporation, held a position of thought leadership in the delivery of new solutions and operations,” he says. “This year, we have invested in an innovations team to fast-track the uptake of new, disruptive technologies into our solutions and managed services operations. We recognise that some of the new technologies need a different skill set, including PhDs in mathematics and data science.”
Founded in 2000, SmartStream provides software and managed services to the financial community worldwide. Altogether, it has around 1,500 customers, including more than 70 of the world’s top 100 banks, along with asset managers, custodians and broker dealers.
The company’s solution suite, trademarked as Transaction Lifecycle Management (TLM), helps customers tackle their operational processing challenges. Once integrated with customers’ legacy systems, the software provides real-time visibility and control over the entire transaction flow.
In the decade since the financial crisis, it has become clear that