Back-office technology product of the year: SmartStream

The old process of reconciliation has been made newly complex by regulation. Banks want technology to solve the problem

Back-office processes can be simple or complex, trivial or important – and anything in-between. Increasingly, though, regulations such as the Dodd-Frank Act and the European Market Infrastructure Regulation are making previously simple operations more complicated, and everything more important. One example is reconciliation, the age-old process of ensuring trade details match up wherever they are held, with regulators now insisting financial institutions compare even their over-the-counter