UniCredit selects S1 corporate banking and trade finance technology

Source: S1 Corporation

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."

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