ARZ’s implementation of Corona Enterprise Edition will enable the firm to offer all their clients enhanced account and transaction reconciliation services for cash and confirmations messages. Designed for the centralised processing of high volume user-defined transactions Corona Enterprise Edition makes optimum use of the existing infrastructure. As such it has been installed on the mainframe at ARZ with an IBM DB/2 database running zOS. Corona’s scalability and high performance will ensure ARZ’s clients profit from shorter settlement cycles and minimised operational risk.

Hans Langer, CEO of ARZ, described the business drivers behind the project, “As a central IT service provider for major banks as well as for small and medium-sized institutions we have always set ourselves the goal of being a reliable partner for our clients, one that builds on established performance and that breaks new ground. To achieve this we invest in cutting-edge technologies such as the Corona Enterprise Edition from SmartStream Technologies – a long-standing supplier.”

Continuing Langer explained “The particular challenge when replacing the back office system lay in implementing a single solution to meet the complex and diverse requirements of our clients, which range from public banks such as ÖVAG (Österreichische Volksbanken AG) to private banks and include 30 mortgage banks. I’m delighted that even with these considerable demands on the system we were able to complete the entire implementation within 3 months”.

“ARZ’s successful migration to Corona Enterprise Edition demonstrates how the market leading functionality of Corona can be quickly and easily deployed. The innovative design that includes a local German user interface, reliable local support from our experienced professional services and support teams ensures Corona stands heads and shoulders above the competition” said Christian Schiebl, European Regional Director of SmartStream Technologies.