SmartStream Technologies, the leading transaction management STP solutions provider, is pleased to announce a year of record growth in Switzerland.
SmartStream Technologies has been present in the Swiss market for seven years and now has over 40 customers in the region using its industry leading reconciliations and exception management solutions. The client base comprises some of the country’s leading financial institutions, including BNP Paribas, Deutsche Private Bank, JP Morgan and Julius Baer.
During the last year alone SmartStream Technologies Switzerland has signed a record number of contracts, including four significant new deals; Verwaltungs-und Privat-Bank Vaduz; Zurich Invest Bank, part of Zurich Financial Services; Mirabaud & Cie, Private Bankers; and Privatbank IHAG Zurich.
These new deals represent a growth in annual revenue for SmartStream Technologies Switzerland of more than 50%, leading to an expansion of the local office and the appointment of a dedicated client relationship manager.
Mark Cappell, SmartStream Technologies’ Sales Director for Northern Europe, commented: “I am delighted by the success we have achieved in Switzerland over the last year. This is a very important market for us and I look forward to achieving further success in this region. Our strategy to focus on the complete management of the transaction lifecycle and our ability to develop market leading functionality have differentiated us from the competition, enabling us to build a strong customer base.”
Rolf Eichenberger, SmartStream Technologies’ Country Manager for Switzerland, added: “It is fantastic that our investment in the Swiss market is providing such strong returns. We are now focused on introducing our Corporate Actions and ETC solutions to the Swiss market, following their successful launch in the UK. With a proven, wining solution set behind us I am sure that SmartStream Technologies will go on to achieve even greater success in this key strategic market.”