New AI modules using Machine Learning for Digital Payment Processing : SmartStream’s

The financial Transaction Service Lifecycle Management (TML) solution provider SmartStream Technologies, launched an AI module for continuous digital payment processing using machine learning.
To minimize the risk and to lower the operational cost this Ai module is developed in such a way that enables match rate to be instantly updated and at the same time system reconfiguration will be done automatically. This AI module will help Financial firms lower their maintenance costs. The technologies act, for effect, as a pattern of continuous improvement, operating in the background, even as the data moving into the reconciliations system modifications. Additionally, it takes away the demand for firms to hold out expensive and time-consuming tasks to redesign the technical architecture of theirs.
Product manager, SmartStream: Roland Brandli said, ”Imagine working with a virtual operations staff that never sleeps, continuously comparing and fixing. Having a complex reconciliations solution working completely entails access, cost, and effort to experienced IT staff members. At times, it could be appealing to allow maintenance problems slide and not maintaining a continuous eye on such matters may be unsafe. If matching rules aren’t reviewed and reconfigured frequently, matching rates will probably reduce. Investigating these may involve hiring extra operations staff members and impose added expense”. Transaction Service Life-cycle Management (TML) Aurora Digital Payments Control solution is the new module created to work with SmartStream.