Hypo Selects Smartstream Solution For Back-Office
TECHNOLOGY NEWS
MUNICH--Hypovereinsbank has installed Smartstream’s reconciliation and exception management solution to handle its foreign exchange, securities and nostro business. The installation will support 100 back-office positions, initially in its Munich and Hamburg offices.
The installation, worth approximately £800,000, will be rolled out to the bank’s German locations and will replace Hypovereinsbank’s proprietary nostro system--a non-integrated collection of back-office processing applications.
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