Progresssoft And S1 Forge Corporate Banking And Trade Finance Alliance

Nov. 11, 2009 - PRLog -- ProgressSoft Corporation, a renowned provider of real-time payment and imaging solutions, and  S1 Corporation , a leading global provider of multichannel financial services software, signed a strategic partnership under which ProgressSoft will resell the S1 Corporate Banking and S1 Trade Finance solutions in the Middle East and North Africa [MENA] regions.

S1 Corporate Banking and S1 Trade Finance has been successfully implemented at a number of large, globally renowned banks, and garnered several industry accolades, including top scores from Celent Communications, more best-in-class awards than any other vendor from Aité Group, and 10 best-of-breed awards from Greenwich Associates.

As the provider of the world’s first Electronic Image-based Check Clearing Solution, ProgressSoft has managed to acquire and nurture a wide client base that exceeds 140 banks in several regional countries, all of which are currently deploying the company’s solutions on a nationwide scope.  

"Our partnership with S1 complements our portfolio of solutions to the banking body in the region and allows us to answer the needs and requirements of our customers,” said Michael Wakileh, CEO of ProgressSoft. “Working in collaboration with S1, ProgressSoft is now able to further enrich its loyal clientele and growing prospects with the latest corporate banking and trade finance solutions.”  

“For S1, the Middle East and North Africa regions are strategic to the company’s vision of providing tailored banking services to globally-focused financial institutions,” said Jan Kruger, S1 Division President. “Partners like ProgressSoft are critical to the success of this vision and together we can deliver to these institutions, in a very regionally relevant way, innovative front office banking and payments solutions."

ProgressSoft and S1 Joint Roadshow

An immediate result of the partnership between ProgressSoft and S1 is the hosting of an upcoming Corporate Banking Road Show aimed at participants from financial institutions across the MENA region.  The Road Show, which is scheduled to take place on November 16 in Doha, Qatar, will gather prominent banking figures from the GCC and the Levant countries to attend a live demonstration of the S1 Corporate Banking and S1 Trade Finance solutions as well as a number of in-depth business sessions aimed at topical cash management issues.  
About S1
Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. These organizations want solutions that can respond quickly to changes in the marketplace and help grow their businesses.  For more than 20 years, S1 Corporation  has been a leader in developing software products that offer flexibility and reliability. Over 3,000 organizations worldwide depend on S1 for payments, online banking, mobile banking, voice banking, branch banking and lending solutions that deliver a competitive advantage. More information is available at www.s1.com

About ProgressSoft
Established in 1989, ProgressSoft has been focusing its proficiency in Real-time Payments and Imaging technologies to deliver a set of innovative solutions tailored for the needs of the banking and financial sectors.  Serving a diversified client base of 140+ banks in 22 countries around the globe, ProgressSoft provides solutions in the fields of Real-time ACH payments, Electronic Image-based Check Clearing, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.

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ProgressSoft specializes in Real-time e-payment solutions offering Electronic Image-based Check Clearing, Real-time Settlement for Securities Trading, ACH - Direct Debit and Direct Credit solutions.