ProgressSoft and S1 forge corporate banking and trade finance alliance

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. 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,"

said Michael Wakileh, CEO of ProgressSoft.

"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," said Jan Kruger, S1 Division President.

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.