In a move to enhance operational efficiency, BSP has embraced BSP reconciliation automation through its partnership with Smartstream. This shift introduces AI-powered financial controls that reduce errors and streamline transaction matching processes.
The system enhancement, delivered in partnership with Smartstream Technologies, a global leader in financial Transaction Lifecycle Management (TLM®), marks a key milestone in BSP’s digital transformation strategy aimed at operational excellence, customer satisfaction, and staff empowerment. This implementation marks a major milestone in BSP reconciliation automation, allowing the bank to improve accuracy and reduce manual intervention.
Smartstream’s latest AI-enabled data solution further streamlines reconciliation processes by automating key workflows, and strengthening financial oversight, while reducing customer dispute resolution timeframes and supporting long-term strategic growth. With BSP reconciliation automation in place, the bank can now process thousands of transactions with higher precision and lower error rates.
