SmartStream introduces AI module to capture missed payments and receipts

Financial technology vendor SmartStream Technologies has completed a proof of concept for an artificial intelligence (AI) and machine learning module within its existing TLM Cash and Liquidity Management solution for receipts and payments.

Technology that meets the market demand for forecasting liquidity has been the backbone of SmartStream’s intraday liquidity management solution. The next phase of the solution’s development is about predicting the settlement of cash flows. The company has been working on a proof of concept with its clients for profiling and predicted intraday settlement activity, which includes missed payments and receipts identification planned for settlement within current date. Cash management teams should gain greater visibility into the payment process and manage liquidity risk more efficiently, minimising the potential of payments being missed.

The new TLM Cash and Liquidity Management, AI and machine learning module has the ability to predict when credit is going to arrive, which should give treasurers more control over cash flows. The proprietary algorithm uses the data and predicts the forecasted settlement time of receipts on an intraday basis. The core of the module is underpinned by machine learning technology that continuously improves, meaning the predictions become more accurate and treasurers can make more informed decisions.