Since its establishment in 1989, ProgressSoft Corporation has risen to prominence as a leading provider of cutting-edge real-time payment and financial solutions. The company’s global presence spans over 25 countries, serving more than 370 financial institutions and service providers and operating out of several offices in Jordan, Kuwait, Nepal, Oman, Qatar and the UAE.
Committed to innovation, ProgressSoft continuously strives to deliver transformative financial solutions. From Instant Payments and Mobile Payments, to its renowned Payments Hub, Intelligent Signature Recognition and Buy Now Pay Later solutions, the company's pioneering spirit drives it to meet the evolving demands of financial institutions worldwide. Additionally, ProgressSoft offers well-established solutions including Electronic Know Your Customer, Corporate Banking and Salary Processing System.
ProgressSoft’s solutions adhere to globally recognized standards such as ISO 20022 and local regulations, demonstrating the company’s commitment to excellence. Moreover, PorgressSoft’s solutions are developed using agile development methodologies, which entail client involvement in all phases of development. This collaborative approach can directly and accurately address business concerns, enhancing project confidence and delivering desired outcomes more efficiently. Furthermore, following the completion of each project, ProgressSoft remains committed to providing 24/7 support services, as well as post-sale and maintenance assistance. This ensures that all projects are sustained with confidence and ease, reaffirming ProgressSoft’s dedication to client satisfaction and success.
Clients can also leverage ProgressSoft’s consulting services for a comprehensive assessment of technical, organizational, or strategic frameworks. These services encompass analyzing business objectives, evaluating existing systems and practices, guiding decision-making processes and gathering project requirements. Ultimately, ProgressSoft’s experts can offer valuable insights to determine whether a project requires minor adjustments or a significant overhaul to align with strategic objectives.
ProgressSoft’s services and solutions are complemented with a vast network of global partners, including renowned entities in the payments, financial and information technology domains such as Swift, Oracle, Mastercard, Visa and other strategic allies across the globe.
As technologies utilized in the financial industry continue to advance rapidly, ProgressSoft remains at the forefront of innovation, with its latest introduced in early 2024; ProgressSoft’s Message Depot, a sophisticated centralized repository capable of storing over one billion financial and non-financial messages in near-real-time, facilitating data retrieval and querying capabilities for financial institutions and businesses.
The newly launched solution offers innovative functionalities, from seamless data extraction and intuitive search experience to value-added reporting and interactive dashboards, assisting institutions in navigating compliance effortlessly and streamlining adherence to regulatory requirements by enabling long-term message and data storage. Moreover, it enables institutions to locate specific data effortlessly, conduct precise audits and generate valuable reports, effectively addressing challenges and enhancing operational efficiency.
Exploring other transformative solutions within ProgressSoft’s portfolio, the Intelligent Signature Recognition solution stands out as a prime example. Leveraging emerging technologies like artificial intelligence and machine learning, this solution analyzes and compares signatures extracted from checks or official documents with genuine reference signatures to massively mitigate fraud. Operating seamlessly with a straight-through processing approach, it employs intelligent pattern recognition algorithms, ensuring alignment with the security policies of financial institutions.
ProgressSoft’s Payments Hub Platform exemplifies the company's innovative solutions. Serving as a centralized platform, it orchestrates various payment types in real-time and assists financial institutions in transitioning to ISO 20022 with minimal disruptions. This advanced platform is also Cross-Border Payments and Reporting Plus (CBPR+) and Swift Go ready.
Finally, ProgressSoft’s Mobile Payments Platform offers a comprehensive digital wallet, catering to both banked and unbanked users. This ISO 20022-compliant platform includes value-added modules designed to accommodate diverse regulatory policies, client types, currencies, payment services, profile management, customer and corporate wallet management, and more. These modules fully address the needs of financial institutions, ensuring seamless operation.
