Internet banking supplier S1 scales back operations

Internet banking solutions supplier S1 Corporation is cutting its worldwide workforce by seven per cent.

  0 Be the first to comment

Internet banking supplier S1 scales back operations

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The cuts were announced by the US corporation in a brief statement, late yesterday.

"Through multiple acquisitions, S1 has increased its employee base dramatically in the past year," says James Mahan, CEO of S1. "Today's actions reflect further steps in the integration of these acquisitions into a more streamlined and efficient operation."

He adds that the company will continue to "sharpen its focus on its core business and strive toward long-term growth and profitability".

The financial implications of the cut backs will be addressed in the S1 quarterly earnings conference call on Tuesday, 7 November, 2000.

Sponsored [Webinar] Conducting the payments orchestra: Why IT will drive future transaction banking models

Related Company

Channels

Keywords

Comments: (0)

[New Event Report] AI’s Role in the US Financial Services Sector: Balancing Innovation and CompliancFinextra Promoted[New Event Report] AI’s Role in the US Financial Services Sector: Balancing Innovation and Compliance