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Business Services Industry

Zurcher Kantonalbank Deploys SeeBeyond as Strategic Platform to Streamline Payment and Securities Trading Transactions

Business Wire, April 26, 2004

Business Editors/High-Tech Writers

NEU-ISENBURG, Germany & MONROVIA, Calif.--(BUSINESS WIRE)--April 26, 2004

SeeBeyond (Nasdaq:SBYN), provider of the world's first fully integrated platform for the development and deployment of composite applications, today announced that Zurcher Kantonalbank (ZKB), the third largest bank in Switzerland, has deployed SeeBeyond as its strategic platform for the integration of business processes and the electronic processing of customer payments. ZKB's underlying goal is to further extend its eBusiness and associated eBanking applications for corporate clients. The integration solution from SeeBeyond simplifies data transfer between the bank's internal and external systems and expedites inter-bank SWIFT transactions.

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With corporate clients increasingly demanding the option to electronically exchange data, ZKB needed to quickly enable its business partners to conduct transactions electronically in a standardized format - allowing easier processing with third-party systems. In addition, many of the larger corporate clients that have multiple bank accounts wanted to be able to process all of their transactions through a single bank which would act as a gateway to transfer orders to other institutions.

To meet these demands and to help open up new areas of business, ZKB initiated a program to address the expansion and development of its eBusiness and eBanking services. The services in the program included the electronic delivery of account and portfolio statements (with SWIFT often being the desired format) and the electronic acceptance of transaction orders by ZKB. As a result, ZKB had to implement a solution that would allow it to process a variety of communications protocols and data formats in a cost efficient manner.

"We have created the foundation for eBusiness Services by setting up a universal EDI-converter for carrying out B2B data exchange," said Stefan Lenz, Head of Business Technology Sales of ZKB. "It is important for ZKB in the medium term to offer front-end tools to enable corporate client business, but more importantly, to deliver the right data to the customer at the right time."

ZKB has created a platform as a part of its "Metro" (Message Transformation Gateway System) project which facilitates communication with internal and external partners. Metro is based on the SeeBeyond's eGate(TM) Integrator, and has been in operation since November 2002. As a "central hub", Metro brings together messages of various formats and ensures the communication between internal and external partners. Since August 2003, a connection to SWIFT (release 1.2) has been in place, and in November 2003, the connection of Finance Service Provider Partners in the Life Insurance Sector and data conversions of asset management mandates of corporate clients have been integrated with the Data Exchange Financial Services.

With the eGate platform, ZKB can now deliver real-time data to its clients, who in turn, can utilize the data to optimize their own business processes within their own environments.

"Online business transactions with external partners using EDIFACT and the SWIFT-Network are essential for a customer-oriented bank. SeeBeyond's scaleable, STP-oriented, SWIFT ISO15022-compatible solution ensures continuous trading for ZKB and enables the processing of an increasing volume of transactions in a secure environment," said David Bennett, Senior Vice President and General Manager, EMEA, SeeBeyond.

About SeeBeyond

Based on 14 years of software innovation and real-world experience in integrating systems across Global 2000 organizations, SeeBeyond (Nasdaq: SBYN) delivers the industry's first integrated composite application network built on a comprehensive integration platform. Beyond eAI, the SeeBeyond(R) Integrated Composite Application Network (ICAN) Suite helps organizations rapidly assemble and deploy enterprise-scale end-user applications built on existing systems and infrastructure to dramatically improve business operations. SeeBeyond has approximately 1,900 customers worldwide, including ABB, ABN Amro, BHP Billiton, The Cleveland Clinic, The Dial Corporation, DuPont, Florida Power & Light, Fluor Daniel, Fujitsu, General Motors, Halliburton, Hertz Corporation, Hewlett-Packard, Pfizer, Samsung, Sprint, Sutter Health and UnitedHealth Group. For more information, please visit www.seebeyond.com.

SeeBeyond is a registered trademark of SeeBeyond Technology Corporation. eGate is a trademark of SeeBeyond Technology Corporation. All other brands or product names are trademarks of their respective owners.

Business Services Industry

Zurcher Kantonalbank Deploys SeeBeyond as Strategic Platform to Streamline Payment and Securities Trading Transactions

Business Wire, April 26, 2004

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