S1 Signs Agreement With UniCredit to Provide Corporate Banking and Trade Finance Solutions
S1 Adds Top Ten European Financial Institution to Its Growing List of Customers
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."
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.
S1 Deutschland GmbH
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.