Smartstream, a trusted provider of data and reconciliation solutions for global financial institutions, has announced that Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has successfully completed its ISO 20022 migration for reporting messages. The bank is now fully live with Smartstream’s Corona MX, part of the Smart Reconciliations suite marking a major milestone in its ongoing digital transformation.
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ZKB completed the migration well ahead of the global SWIFT deadline, demonstrating its forward-thinking approach and commitment to operational excellence. According to Schmitz Wolfgang, Project Manager for ISO 20022 at ZKB, the transition was seamless. He shared that working with Smartstream was a smooth experience, with the migration executed precisely and proactively so the bank was fully prepared before the industry-wide cutover.
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The achievement is especially meaningful given ZKB’s long-standing partnership with Smartstream, spanning more than 40 years. By upgrading to Corona MX, the bank has strengthened its alignment with ISO 20022 standards and enhanced its reconciliation capabilities most notably for cash transactions. The upgraded system supports multi-account and multi-currency reconciliation with greater accuracy, efficiency, and automation.
Patrick Prucha, Product Manager at Smartstream, praised the collaboration between the two organizations, highlighting the transparency, trust, and shared drive for innovation that made this migration successful. He noted that ZKB’s early completion of the project reflects its dedication to adopting modern standards and delivering exceptional service.
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By embracing ISO 20022 now, ZKB is not only meeting global compliance requirements but also unlocking deeper insights into payment lifecycles. This gives the bank greater resilience, enhanced reporting accuracy, and broader opportunities to optimize its financial operations.
Smartstream continues to empower financial institutions worldwide by delivering advanced, accurate, and timely data solutions designed to streamline operations, reduce costs, and support regulatory confidence.
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