SmartStream’s Corona Enterprise Edition was selected following a competitive review of the market place. Dr. Hendrik Haas, Director and Head of Customer Data and Exception Management at LBBW, explained the reasoning behind the decision: “The product functionality of the new Corona Enterprise Edition solution has completely satisfied our requirements and provides a stable basis for future expansion, such as the integration of our central exception processing group as well as remote access for inquiry users via the web.”

Haas continued “We believe we have reduced the risks associated with this project by working with SmartStream – they are a known and trusted partner who provide a functionally rich application for our mainframe-based architecture. We look forward to continuing the excellent collaboration we have enjoyed so far”.

Corona Enterprise Edition will be used for group-wide Cash and Intra-day reconciliation, as well as any corresponding exception management.

Commenting on the project Dr. Christian Schiebl, Regional Director Europe SmartStream Technologies, stated “We are committed to delivering innovative solutions for our clients complex business processes – as such we are delighted to have won this project and to continue our valued relationship with LBBW. The firm’s selection of Corona Enterprise Edition is a further endorsement of our company and our products – it’s clear Corona continues to outpace the competition with it’s rich level of functionality and has become an industry benchmark.”