ZKB is deploying Recon across multiple internal systems in the front- and back-office to automate transaction and position reconciliations.
SS&C said that the solution not only eliminates time-consuming and error-prone manual processes but also provides a clear audit trail and an improved break resolution workflow.
ZKB’s relationship with SS&C began in 2003 when it deployed with TradeThru, SS&C’s integrated trading and treasury SaaS platform.
TradeThru is used by ZKB to process their interest rate and currency derivatives settlements, including interest and cross currency swaps, FRA’s, Swaptions, and vanilla and exotic options such as barrier options, no-touch / one-touch options, and digitals among other types.
SS&C Technologies is a provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry.
