SmartStream, a financial transaction management solution provider, has launched version 9 of its Air platform, offering enhanced data automation and intelligence capabilities.

The new release aims to enhance data management across front-to-back office operations in financial institutions.

Key features of version 9 include the Air Data and Air Cash modules, both utilising AI and machine learning technologies.

Air Data automates various tasks such as data cross-checking, error detection, and trade record comparison.

It also enhances internal data quality by identifying inconsistencies.

The Air Cash module focuses on simplifying cash reconciliations, even handling complex scenarios.

The platform prioritises security, adhering to DORA and PCI compliance standards.

Built on SaaS technology, it is designed to be globally accessible, scalable, and cost-effective.

Andreas Burner, Chief Technology Officer, SmartStream, said,

“Today, companies are overwhelmed by large amounts of complex or unstructured data, which often impedes their ability to gain critical operational and commercial insights. Version 9 transforms data into a strategic asset, enabling customers to enrich their data with greater ease.

Through observational learning, it offers intelligent suggestions of how best to gain valuable insights from data – significantly boosting competitiveness. The introduction of low-code / no code environment makes it easy to deploy, operate and scale”.

Featured image credit: Edited from Freepik