Software helps banks keep pace with trade finance market.

Press Release Summary:



Built on J2EE-based platform, S1 Enterprise Trade Finance offers banks functionality to handle letters of credit and guarantees, open account transactions, and for purchase order processing. Program delivers multi-currency, multilingual, and locale-aware user interface; multi-bank features for white labeling services; risk management tools with multi-factor authentication support; secure messaging; and document imaging.



Original Press Release:



S1 Enterprise Launches New Trade Finance Solution



S1 Enterprise Trade Finance capitalizes on latest banking software technologies empowering top banks to keep pace with the changing trade finance marketplace

ATLANTA, March 6 /- S1 Enterprise, a leading provider of multi-channel financial service solutions, today announced the availability of S1 Enterprise Trade Finance. Built on S1 Enterprise's J2EE- based platform, S1 Enterprise Trade Finance offers banks traditional and innovative functionality from letters of credit and guarantees to open account transactions and purchase order processing. S1 Enterprise Trade Finance integrates more than a decade of experience building trade finance systems with top U.S. banks. Leveraging S1 Enterprise's open architecture will allow banks easy integration into customer portals and cash management solutions as well as new trade finance initiatives coming into the marketplace.

"Trade finance is an important facilitator of global trade, which is growing significantly. Increasingly, it is critical to have interfaces that provide information in native languages and multiple currencies," said Nancy Atkinson, Senior Analyst, Aite Group. "Online solutions that streamline processes and provide transparency into the trade process will provide value for banks to maintain and develop trade financing instruments in support of this expanding market."

The new solution delivers a multi-currency, multilingual, and locale-aware user interface for international readiness; multi-bank features for white labeling services; and enhanced product functionality. Other new features include enhanced risk management tools with multi-factor authentication support, enriched workflow and approval schemes, secure messaging enhancements, and document imaging. The redesigned user interface offers quick data entry and workflow features to further simplify and streamline the data intensive trade finance business.

"S1 Enterprise Trade Finance is responding to the changing needs of the trade finance market," said Neil Underwood, General Manager, S1 Enterprise Americas. "New initiatives like TSU are on the horizon. Banks can stay ahead of the curve and become innovators in a very competitive and evolving marketplace by deploying our new trade finance product with an open technology platform."

S1 Enterprise Trade Finance capabilities include:

-- Letters of Credit, Open Account, Standby Letters of Credit, Guarantees, Purchase Order Processing, Discrepancy Notifications, Documentary Collections, Transfer Letters of Credit, Assignments of Proceeds and document imaging.

-- System features include new activity dashboards and email alerts, sophisticated "Parent/Child" processing and reporting features, secure messaging, customizable reports, customer data purge and archive, a full bank administration system for administering and reporting on all user front-end activity and "on-behalf of" capabilities to empower financial institutions to better serve their customers.

-- The new multi-bank features allow a single system to be deployed for multiple financial institutions, with distinct user interface branding and segregated customer data for each institution.

-- S1 Enterprise Trade Finance's industry leading Purchase Order module has been improved as well, allowing for additional customer-by-customer requirements to meet each customer's needs. The solution can be deployed on site for a customer, or can be hosted in S1 Enterprise's Data Center.

About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. An independent division of S1 Corporation (NASDAQ:SONE), S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customer via a common technology platform regardless of delivery channel - branch, call center, Internet, or voice. Additional information about S1 Enterprise is available at www.S1Enterprise.com.

About S1 Corporation
S1 Corporation (NASDAQ:SONE) delivers customer interaction software for financial and payment services. Worldwide, more than 3,000 customers use S1 software solutions, which are comprised of applications that address virtually every market segment and every delivery channel. Community banks, regional banks, national banks, credit unions, retailers, telcos, and processors all rely on the banking and payments software delivered under three brand names: S1 Enterprise, Postilion and FSB Solutions. Additional information about S1 is available at www.s1.com.

CONTACT: Nicole Crowe of S1 Enterprise, +1-404-923-6080, or nicole.crowe@s1.com;

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