ProgressSoft with a Spectacular Exposure in Sibos 2007

ProgressSoft, the industry-leading provider of financial imaging solutions, concluded a fruitful participation in Sibos 2007, the world's premier financial services event which took place in Boston - USA from the 1st till 5th of Oct, 2007. Showcasing its latest in payments and imaging technologies, ProgressSoft received astonishing attention for its world’s first Electronic Image-based Check Clearing solution and its newly born Signature Recognition solution which were demonstrated to a numerous number of visitors from top notch financial institutions and payment associations.

Along side a number of prospect projects that are coming down the pipe for both the Electronic image-based Check Clearing solution and the Signature Recognition solution which started taking shape throughout the Sibos week, ProgressSoft was also presented with partnership proposals from different solution providers that were exhibiting at Sibos to form an alliance with them and offer a better and more comprehensive service for the financial services industry.

The exposure that ProgressSoft booth achieved was marvelous as it attracted top decision makers from different institutions like the US Federal Reserve besides several Central Banks and Payment Associations from different countries around the globe.

Opportunities for open channels of cooperation between ProgressSoft and U.S based peers started becoming more solid during Sibos through a number of meetings held in the ProgressSoft booth.

The timing couldn’t be better for ProgressSoft’s appearance in Sibos this year in the U.S as the local market is in its peek period in applying the Check21 Act in its different forms from RTGS solutions to Image-based Check Clearing solutions where ProgressSoft excels.


[About ProgressSoft]
Committed to a boundless aspiration towards innovation since its inception in 1989, ProgressSoft has been leveraging the latest in imaging technology to introduce an impressive suite of intelligent solutions to the financial world. Today, ProgressSoft has consolidated its position as the new household name in the banking industry, claiming an active role in shaping the future of a technology-driven era of electronic financial services.

For further information about ProgressSoft please visit us at www.progressoft.com

Or contact us via the following coordinates:

Yazan A. Goldstein

Corporate Communications Executive
ProgressSoft Corporation
Tel: + 962 (6) 5623000 Ext. 211
Fax: + 962 (6) 5690564