Zurich Cantonal Bank Expands Relationship With SS&C With Enterprise Reconciliation Platform

WINDSOR, Conn., July 7, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and FINANCIAL software-enabled services and software, today announced that Zürcher Kantonalbank (ZKB), the largest cantonal bank and leading financial services provider in the greater Zurich area, has expanded its relationship with SS&C and gone live on Recon™ to improve operational efficiency and reduce organizational risk.

ZKB is deploying Recon across multiple internal systems in the front- and back-office to automate transaction and position reconciliations. This not only eliminates time-consuming and error-prone manual processes but also provides a clear audit trail and an improved break resolution workflow.

"After an extensive search and successful proof of concept, SS&C's Recon proved to be the best fit for our business," said Dr. Markus Bader, Market Risk Controller, ZKB. "SS&C personnel understood our requirements and Recon's ease of use and rapid deployment provided us with a quick return on our investment."

"We are pleased to deliver a solution that provides a measurable return on investment for our client," said David Reid, Senior Vice President and Managing Director, International, SS&C Technologies. "Having had an existing relationship with ZKB for many years, we are delighted that the organization has turned to SS&C to support its reconciliation needs. Automating their process will help to deliver a faster ROI and we are delighted to play a key role in their success."

ZKB's relationship with SS&C began in 2003 when it went live 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, noûtouch / one-touch options, and digitals, among other types.

About Zürcher Kantonalbank

With total assets of over CHF 110 billion, ZKB is the largest cantonal bank and the leading financial services provider in the greater Zurich area. ZKB offers a comprehensive range of financial services to clients, whether in the private, public or corporate sector. Zurcher Kantonalbank is wholly owned by the Canton of Zurich. More information can be found at: www.zkb.ch.

About SS&C Technologies

Celebrating its 25th year, SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.

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