Established in 1989, ProgressSoft Corporation is a real-time payment and financial solutions provider serving more than 370 financial institutions and service providers in 24 countries.
ProgressSoft operates out of several offices in Jordan, UAE, Kuwait, Qatar, Oman, and Nepal, and delivers world-first, award-winning and leading-edge financial solutions that include Central Bank Digital Currency, Payments Hub, and Electronic Check Issuance. This is in addition to digital customer onboarding, electronic bill presentment and payment, digital banking, signature verification, the flagship Electronic Check Clearing solution, and more.
All ProgressSoft solutions follow international best practices and standards and are created using agile development methodologies that involve clients in all phases of development, allowing them to address business concerns directly and accurately, improve project confidence, and produce desired outcomes more quickly. Following the delivery of every project, ProgressSoft stands by the client’s side to provide 24/7 support services in addition to post-sale and maintenance services so that all projects are sustained with confidence and at ease.
Clients can also opt for ProgressSoft consulting services for a full assessment of technical, organizational, or strategic frameworks. These services include analyzing business objectives, assessing systems and practices in place, steering decision making, and gathering project requirements. Ultimately, ProgressSoft consultants can advise clients whether their project needs a simple tune-up or major overhaul to achieve strategic objectives.
ProgressSoft services and solutions are also complemented with a global network of partners that operate some of the best-known businesses in the payments, financial and information technology domains such as Swift, Oracle, Mastercard and additional allies spanning the globe.
At the beginning of 2023, ProgressSoft announced a new diversification in its portfolio, debuting two new solutions covering Buy Now Pay Later and microfinance services. The solutions cater for a new digital age by service providers, microfinance institutions, and micro, small and medium enterprises, and mark the beginning of extended and automated services for all institution types within the financial domain.
Taking a closer look at some of ProgressSoft’s solutions, Buy Now Pay Later enables customers to instantly purchase products or services and pay for them in recurring installments. The modern solution is integrated seamlessly within checkout pages, mobile apps, QR codes, or other, enabling service providers to offer new services to their customers and generate new revenue streams.
ProgressSoft’s Microfinance Solution is a smart innovation that leads microfinance institutions into a new digital age that scales presence, simplifies processes and reduces turnaround times. The solution enables microfinance institutions to fully digitize and automate loan applications, calculations, disbursements and renewals, in addition to decision making, customer onboarding, and customer relationship management and reporting.
ProgressSoft’s Payments Hub is a centralized platform that processes all types of payments in real-time and assists financial institutions in migrating to ISO 20022 with minimal disruptive changes. The advanced platform is a Cross-Border Payments and Reporting Plus (CBPR+) and Swift Go ready solution that is compatible with Swift requirements.
ProgressSoft’s Central Bank Digital Currency is an advanced, secure form of regulated national digital currency built on centralized or Distributed Ledger Technology (DLT) and authorized by the central bank. The solution maintains a one-to-one exchange rate with fiat money and is designed by international experts and complemented with decades of experience in national payment systems.
ProgressSoft’s Digital Banking Platform is an omni-channel platform that orchestrates individual and corporate customer interactions across web and mobile touchpoints; from digital customer onboarding and front-office banking services to intuitive and ever so personal experiences.
