VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that Intesa Sanpaolo selected its Payment Processing Solutions including Branch, Business Deposit and numerous Back Office products for its New York branch.
VSoft’s solutions will decrease the processing time for the bank employees as well as improve efficiency for their business customers at off-site locations.
Intesa Sanpaolo is among the top banking groups in the euro zone, with a market capitalization of $54 billion euro. Intesa Sanpaolo is the leader in Italy in all business areas (retail, corporate and wealth management). The group offers its services to 11.1 million customers through a network of approximately 4,400 branches well distributed throughout the country with market shares no lower than 13% in most Italian regions.. An international network of specialists in support of corporate customers spreads across 29 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Brazil, Russia, India and China.
The New York branch is looking to grow its presence by acting as a clearing-house for all checks coming into the United States. Leveraging VSoft’s data center, VServe, provides the bank with a scalable hardware infrastructure and industry leading solutions giving Intesa Sanpaolo both capacity and capability for growth. In addition to the Branch and Merchant capture solutions, Intesa will benefit from Archive, Research, Returns and other various back office solutions.
“We place tremendous importance on helping our business customers be successful. Providing products and services that will simplify their daily operations is key to our partnership with the businesses we serve,” said Massimiliano Cattozzi, Head of International Network, Intesa Sanpaolo. “VSoft’s technology will not only provide tangible direct benefits to our customers, but the solutions will improve our operational efficiencies as well.”
As an international bank, it is important VSoft provides the special requirements Intesa requires in order to maintain growth in the United States market. VSoft adapted and customized solutions to specifically address the unique processing capabilities for Intesa. VSoft’s Wholesale and Retail Lockbox solutions will assist the institution as it receives various forms of payments including checks and coupons. The flexibility to constantly innovate solutions ensures a strong partnership and growth for both organizations.
“VSoft is pleased to partner with Intesa and provide them with innovative solutions which will position the bank well for continued growth,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “Many financial institutions, like Intesa, have decided to outsource their payment processing activities to our data center, VServe. We are honored and privileged to provide quality, efficient solutions and we will continue to invest in our products and our people to ensure that our clients receive quality service they can trust.”