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ProgressSoft Corporation

Ever since its inception in 1989, ProgressSoft Corporation has focused on real-time payments to deliver solutions tailored to the needs of the financial sector.

Nurturing more than 370 clients in 24 countries and operating out of 7 offices across the globe, ProgressSoft boasts a record of thousands of installations worldwide in banks, payment service providers and central banks including the central banks of Jordan, Qatar, Oman, Kuwait, Bahrain, Seychelles, Nepal, Sudan, Yemen and Libya. This is in addition to numerous renowned commercial banks including Barclays, BNP Paribas, Citibank, HSBC, Industrial and Commercial Bank of China, Société Générale de Banque, Standard Chartered and State Bank of India among many others.

ProgressSoft develops leading-edge payment systems that follow international best practices and standards, complying with global organizations including the World Bank, Financial Markets Infrastructure (FMI), the Bank for International Settlements (BIS) and the National Automated Clearing House Association (NACHA). These payment solutions include worldfirst innovations such as Electronic Check Clearing, Interoperable Mobile Payment Switch and Blockchain enabled Mobile Payments.

All ProgressSoft solutions are developed utilizing Scrum and Extreme Programming (XP) methodologies, where ProgressSoft clients are involved in all phases of the project development through regular, reliable and rapid communication; allowing them to address business concerns directly and accurately, improve confidence, reduce misunderstanding and produce desired results more quickly.

Following the delivery of every project, ProgressSoft also remains at the client’s side to provide comprehensive support in addition to post-sale and maintenance services, enabling them to execute their business plans with confidence. As such, ProgressSoft partners with its clients to co-create successful, manageable and sustainable solutions utilizing development methodologies that offer massive benefits including enhanced quality of deliverables, a time-efficient project duration and improvement of deliverables in successive phases.

ProgressSoft also offers its consulting expertise to help clients identify where they need to be, then help them get there. ProgressSoft professionals assess and design a holistic technical and organizational framework that effectively supports clients’ strategic requirements; including analyzing business objectives, assessing current systems and working practices, steering decision making and gathering all the requirements for a project. Whether the project warrants a countrywide implementation or a single-point solution, ProgressSoft’s consulting expertise can determine if an operation or process needs a simple tune-up, or a major overhaul, leveraging the insights to achieve strategic goals in a time-efficient and cost-effective approach.

ProgressSoft’s world-class methodologies, technologies and standards are also complemented with a prominent worldwide presence as partners of global corporations that operate some of the best-known businesses in the payments and information technology fields including SWIFT, Oracle and additional renowned allies spanning 6 continents. The ProgressSoft team also includes world-class payment industry practitioners and internationally renowned experts from within the financial industry.

ProgressSoft also continually brings its solutions closer to markets globally by annually exhibiting at the most prominent international events in the industry including Sibos, the Mobile World Congress, the Central Bank Payments Conference, Digital Currency Conference and additional distinguished FinTech exhibitions.

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Achievements

• Region’s First Payment Solutions Provider
• Region’s Pioneer of Blockchain-based Central Bank Digital Currency
• Region’s First Launch of Signature Verification Solution
• World’s First Implementation of Electronic Check Clearing
• World’s First Launch of Interoperable Mobile Payment Switch
• World’s First Launch of Blockchainenabled Mobile Payments
• CBPR+ Readiness for Payments Hub

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