Nambawan Super Goes Live With SmartStream’s AI-driven Air Solution

KUALA LUMPUR, Feb 27 (Bernama) -- SmartStream Technologies, the financial transaction lifecycle management (TLM) and solutions provider, announced that Nambawan Super Limited (NSL), Papua New Guinea's largest superannuation company, has successfully implemented SmartStream’s Air application for artificial intelligence (AI) data processing, enhancing data accuracy and operational efficiency.

As part of its Nambawan Employer Pay (NEP) programme, the fund has strategically invested in multiple solutions to enhance its finance, fund administration, customer experience, and reconciliation processes.

The implementation of SmartStream’s Air solution replaces its legacy systems, providing an advanced, automated framework that ensures timely payroll processing and superannuation contributions.

"We are delighted to support Nambawan Super in their transformation journey. Air is an entirely unique innovation and represents the very latest AI and machine learning technologies to compare and validate data.

“Our solution will bring a powerful combination of AI-driven data validation and SaaS scalability for Nambawan Super – who can now operate with greater efficiency and control. We look forward to continuing our partnership and to further drive innovation in the superannuation industry,” said SmartStream Regional Director APAC, Radha Pillay in a statement.

Meanwhile, NSL Chief Executive Officer, Paul Sayer said: "The implementation of Air in our NEP portal is a game changer for our operations. This automated solution addresses member contributions and reconciliations, enabling us to ensure timely and accurate payroll contributions for our members whilst enhancing overall efficiency.

“By utilising the NEP solution, the fund and employers can improve the quality of member data received from employers and ensure the timely allocation of members’ funds.”

Prior to adopting SmartStream's Air, NSL handled reconciliations manually. The shift to an AI-driven solution has significantly improved efficiency, payment accuracy, and streamlined member experiences.

SmartStream's Air, the AI-driven software as a service (SaaS) data validation solution, will eliminate the burden of information technology maintenance while enhancing fraud prevention and mitigating payment risks. By enabling real-time data validation and matching, the solution will future-proof Nambawan Super’s operations.

-- BERNAMA