Air Data and Air Cash Launched in Ninth Version of SmartStream Air | The Fintech Times

Following years of research, SmartStream, the provider of financial transaction lifecycle management solutions, has launched the ninth version of its Air offering.

This new version will transform how businesses manage data across the front-to-back office. The SmartStream offering will be achieved through two new modules: Air Data and Air Cash. Both of which use AI and machine learning capabilities.

The Air Data module automates time-intensive tasks such as cross-checking between different systems, pre-settlement error detection, and comparing trade records. It also enhances internal data quality by identifying inconsistencies in static or reference data. Meanwhile, the Air Cash module is designed to handle a wide range of cash reconciliation data, from simple to highly complex cases, with unparalleled speed and ease.

Air ensures firms operate within a highly secure environment, supporting DORA and PCI compliance. Built on the latest SaaS technology, the new version is globally available. It is also highly scalable to handle fluctuating data volumes, making it a fast, cost-effective platform for today’s dynamic markets.

SmartStream continues to invest in and support existing customer deployments, whilst the latest release of Air enhances its comprehensive portfolio of solutions and services.

Andreas Burner, chief technology officer, SmartStream states: “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 a low-code / no-code environment makes it easy to deploy, operate and scale”.