DGAP-News: S1 Signs Agreement With UniCredit to Provide Corporate Banking and Trade Finance Solutions
ID: 366204
14.03.2011 13:30
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S1 Adds Top Ten European Financial Institution to Its Growing List of Customers
NORCROSS, Ga. and LONDON, 2011-03-14 13:30 CET (GLOBE NEWSWIRE) --S1 Corporation (Nasdaq:SONE), a leading global provider of payments and
financial services software solutions, today announced that UniCredit, a top 10
bank in Europe, has signed an agreement to use S1's Corporate Banking and Trade
Finance solutions. S1 will provide these online banking applications to the
bank as a hosted service utilizing S1's state-of-the-art data center.
UniCredit chose S1's Corporate Banking and Trade Finance solutions based on the
broad set of capabilities offered and the growing number of top-tier financial
institutions utilizing these solutions. S1's Corporate Banking and Trade
Finance solutions are integrated, providing single sign-on access, a unified
view of customer activity, administration through a customizable portal, and
personalization to support region specific business and transaction
requirements. Both solutions provide interactive information reporting
capabilities and business dashboards.
UniCredit is a leading international financial institution with strong roots in
22 European countries, an international network that reaches approximately 50
markets, over 9,500 branches, and more than 162,000 employees. UniCredit will
use the hosted S1 solutions to support its customers that do business with
companies in the United States and Asia Pacific regions, two markets that are
important to the bank's global expansion.
'S1's highly functional corporate banking and trade finance products, with
their tight integration and customization capabilities, convinced us that they
were the right choice to support UniCredit's expanding global, corporate
business,' said Franz Zahn, head of eBanking and Access Systems at UniCredit.
'S1 will help our organization further automate our corporate banking and trade
finance operations and services. This allows us to continue to improve customer
satisfaction and retention while supporting our 'Multi Local Approach' to the
markets we serve.'
'The addition of another top European bank to our customer family is a result
of our ability to provide solutions that address the opportunities presented by
the continuing convergence of corporate cash management and trade finance at
financial institutions around the world, ' said Jan Kruger, Divisional
President, S1. 'We are honored by the trust UniCredit has placed in our
organization and our online banking solutions.'
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 (Nasdaq:SONE) 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 and
branch banking that deliver a competitive advantage. More information is
available at www.s1.com.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor
provisions of the Private Securities Litigation Reform Act. These statements
include statements with respect to our financial condition, results of
operations and business. The words 'believes,' 'expects,' 'may,' 'will,'
'should,' 'projects,' 'contemplates,' 'anticipates,' 'forecasts,' 'intends' or
similar terminology identify forward-looking statements. These statements are
based on our beliefs as well as assumptions made using information currently
available to us. Because these statements reflect our current views concerning
future events, they involve risks, uncertainties and assumptions. Therefore,
actual results may differ significantly from the results discussed in the
forward-looking statements. The risk factors included in our reports filed with
the Securities and Exchange Commission (and available on our web site at
www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks,
uncertainties and events that may cause our actual results to differ materially
from the expectations we describe in our forward-looking statements. Except as
provided by law, we undertake no obligation to update any forward-looking
statement.
CONTACT: Mark McMurtrie
S1 Corporation
+44 7815 635609
mark.mcmurtrie@s1.com
News Source: NASDAQ OMX
14.03.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: S1 Corporation
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US78463B1017
WKN:
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