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November 11, 2009

ProgressSoft, S1 Forge Corporate Banking, Trade Finance Alliance

The alliance complements ProgressSoft's portfolio of solutions to the banking body in the MENA region

By CBR Staff Writer

ProgressSoft, a provider of real-time payment and imaging solutions and S1 Corporation, a global provider of multichannel financial services software, have signed a strategic partnership. Accordingly, ProgressSoft will resell the S1 corporate banking and S1 trade finance solutions in the Middle East and North Africa (MENA) regions.

Michael Wakileh, CEO of ProgressSoft, said: 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. Working in collaboration with S1, the company is now able to further enrich its loyal clientele and growing prospects with the latest corporate banking and trade finance solutions.

Jan Kruger, division president at S1, said: 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. 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.

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