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Zürcher Kantonalbank awards contract to coconet

Zürcher Kantonalbank selects coconet to extend its existing eBanking with multibanking services based on EBICS standard.

The Swiss bank Zürcher Kantonalbank, headquartered in Zurich, will rely on coconet's multi:versa banking platform to extend its existing online offering with EBICS functionality for multi-bank payments and reporting.

The Swiss universal and commercial bank Zürcher Kantonalbank  plans to expand its existing market offering in cooperation with coconet. The aim is to expand and strengthen its position for SME and corporate customers by introducing a powerful multibanking functionality based on the EBICS standard. The new multibanking component supports corporate and SME customers in payment transactions and reporting and is fully integrated into the existing e-banking solution for business customers.

The German digital banking experts from coconet convinced in the selection process with their out-of-the-box platform offering, which already almost completely fulfills the bank's requirements. With multi:versa and the engine multi:bank, Zürcher Kantonalbank can cover all current requirements for a new multibanking cash management solution. At the same time, it was important for the bank to find a strong strategic partner that is well positioned for the future challenges in corporate banking. This partner was found by Zürcher Kantonalbank in coconet. The Düsseldorf-based company has been a leading provider of digital white label solutions for well-known banks and service companies for over 30 years.

"With multi:versa, Zürcher Kantonalbank will be able to retain and attract customers with economic potential," says Mark Lohweber, CEO of coconet. "We are very confident that with our expertise and experience we will realize a successful new solution together with Zürcher Kantonalbank. And it is already the third Kantonalbank signing with us this year."

About the Zürcher Kantonalbank

Zürcher Kantonalbank is a leading universal bank in the Zurich economic region with national roots and international appeal. It is an independent public-law institution of the Canton of Zurich and is rated AAA and Aaa by the rating agencies Standard & Poor's, Moody's and Fitch. With over 5,000 employees, Zürcher Kantonalbank offers its customers a comprehensive range of products and services. The bank's core businesses include financing, asset management, trading and capital markets, as well as deposit, payment and card business. Zürcher Kantonalbank offers its customers and distribution partners comprehensive investment and pension products and services.

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