Swiss private bank Mirabaud & Cie has implemented SmartStream's Corona system to manage the reconciliation and exceptions processing of cash, securities and FX trades at its Geneva headquarters.
SmartStream says Mirabaud & Cie is the first client to install its Corona solution on an IBM AS400 platform.
Jean Claude Schneider, CIO directeur adjoint, Mirabaud Privat Bank, comments: "We will now be able to track the complete transaction process from confirmation through to settlement in a single system, giving the user complete transaction transparency."
The bank adds that it also plans to install the system at its subsidiary in Montreal, Canada.