Hypo Selects Smartstream Solution For 100 Back-Office Positions
TRANSACTION SYSTEMS
MUNICH--Hypovereinsbank has installed Smartstream’s reconciliation and exception management solution for 100 back-office positions, beginning with its Munich and Hamburg offices, to handle its foreign exchange, securities and Nostro business.
The installation, worth approximately 800,000 pounds sterling, 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.
"We needed a
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