CONNEXOR Success Story: Zürcher Kantonalbank

Zürcher Kantonalbank (ZKB) is a leading Swiss universal bank with a strong presence in capital markets and structured products. As an active issuer, ZKB continuously seeks to optimize its processes to ensure efficiency, accuracy, and compliance with regulatory requirements. In an environment where data quality, reliability, and operational efficiency are critical, ZKB focuses on automating processes and reducing manual intervention across its workflows.

The bondfloor registration and reporting process involved several manual and time-consuming steps, increasing operational complexity, and the risk of errors. 

ZKB previously had to manually extract reports, enter data into the Bondfloor tool, upload Final Terms, and manage registrations across multiple steps. This approach required significant daily effort while maintaining high data quality and accurate reporting to the ESTV (Swiss Tax Administration).

ZKB needed a solution to eliminate manual tasks, simplify workflows, and improve data quality and process reliability, while ensuring full transparency and control. 

The Solution

With the implementation of the Bondfloor Automation Service by CONNEXOR, ZKB adopted a fully automated approach to tax data registration and reporting. 

CONNEXOR enables direct transmission of IUP products and Bondfloor information via IBT registration to the ESTV, removing manual inputs and streamlining workflows. 

Additionally, ZKB benefits from a daily reporting mechanism that provides a comprehensive overview of all registrations and their status, ensuring transparency and proactive control. 

The adoption of CONNEXOR delivers clear operational improvements for ZKB: 

Full visibility and control via daily reporting.

Elimination of manual daily tasks and simplified internal processes.

Improved data quality through automation.

Enhanced process reliability.

Business Impact

By leveraging the Bondfloor Automation Service within CONNEXOR, ZKB has significantly improved efficiency while strengthening data accuracy and operational resilience. 

The implementation of CONNEXOR’s Bondfloor Automation Service has significantly streamlined our processes. By automating data transmission and eliminating manual tasks, we have improved efficiency, data quality, and process reliability while gaining full visibility and control.

Rachel Maurer, Head Derivatives Documentation, Zürcher Kantonalbank

The Issuer’s Choice

CONNEXOR is used by 93 issuers of financial products, with more than 2.25 million newly issued structured products and more than 50+ million associated product updates and lifecycle events flowing through every year.

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