Alliance & Leicester Commercial Bank Selects S1 for New E-Banking Service.ATLANTA & LONDON -- S1 Corporate Banking International Will Enable Alliance & Leicester Commercial Bank to Reduce Operating Costs operating costs npl → gastos mpl operacionales and Improve Customer Service Alliance & Leicester Commercial Bank and S1 Corporation (Nasdaq:SONE) today announced that the bank has selected S1, a leading provider of integrated front-office applications for financial institutions, to deploy its next-generation commercial e-banking solution. A leading U.K. bank with $91 billion in assets and 250,000 business and corporate customers, Alliance & Leicester plans to deploy S1 Corporate Banking International with S1's hosting services. The S1 Corporate Banking solution will enable Alliance & Leicester to replace its multiple existing applications with a single, best-of-breed solution for all its corporate and small to mid-sized commercial customers. S1 Corporate Banking also offers an integrated service that will grow with the bank as it offers more online services and as the adoption of e-banking continues to grow strongly in the U.K. "It is imperative that our e-banking service offers our corporate customers the highest levels of security, functionally and reliability," said Stewart Fraser James Fraser (born 1936 in Aberdeen) is a Scottish former footballer who played as a left half. Fraser spent his entire senior career with Dundee United, making nearly 200 appearances in a ten-year spell before a broken leg halted his United career. , director of business development for Alliance & Leicester Commercial Bank. "In support of our strategy, we selected S1 for its robust, easy-to-use e-banking solution. We look forward to developing our services for our customers with S1 in the future." Alliance & Leicester will be the second major European bank in 2004 to implement applications in S1's data center. The data center is dedicated exclusively to the unique needs of integrated front-office solutions for financial service providers worldwide. Within one of the most advanced operating environments In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. , S1 has built a comprehensive network infrastructure coupled with S1's business risk management and disaster recovery services to ensure resilient See resiliency. , uninterrupted service delivery for e-banking. "Our agreement with Alliance & Leicester is another important endorsement of our U.K. operations, the specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. capabilities provided by our data center, and the value offered by S1 Enterprise applications," said Jamie Ellertson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at S1. "S1 Corporate Banking provides our global customers with the flexibility and customer-centric view required to improve service and loyalty while also significantly reducing the costs and complexity of applications. S1's agreement with Alliance & Leicester is a significant step in our continued expansion in Europe that highlights our ability to deliver on the intricate needs of global financial institutions." S1 recently launched S1 Enterprise 3.0, the integration of nine major applications on a common platform, including S1 Corporate Banking, S1 Personal Banking, S1 Business Banking, S1 Insurance, S1 Enterprise Teller TELLER. An officer in a bank or other institution. He is said to take that name from tallier, or one who kept a tally, because it is his duty to keep the accounts between the bank or other institution and its customers, or to make their accounts tally. , S1 Enterprise Sales and Service Platform, S1 Enterprise Call Center, S1 Enterprise Voice Banking (powered by Edify ed·i·fy tr.v. ed·i·fied, ed·i·fy·ing, ed·i·fies To instruct especially so as to encourage intellectual, moral, or spiritual improvement. ), and S1 Enterprise Analytics. The applications are available independently or collectively as an integrated solution that gives banks one view of their customers across channels. More than 100 financial service providers worldwide have committed to S1 Enterprise solutions to realize measurable benefits through implementing multi-channel ready applications. For more information regarding S1 Enterprise visit www.s1.com. About S1 Corporation S1 Corporation is a leading global provider of integrated front-office applications for more than 4,000 banks and insurance providers around the world. Comprised of applications that address virtually every market segment and delivery channel, S1 solutions help integrate and optimize an institution's entire front office, resulting in increased operational efficiencies, revenue opportunities and overall customer satisfaction. S1 is the only provider with the proven experience, breadth of products and financial strength to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies' enterprise strategies. Additional information about S1 is available at www.s1.com. S1 International is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of S1 Corporation focused on delivering corporate banking, call center, CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. and branch applications for the European, Mid-East and African market. S1 has more than 10 years of financial software experience in Europe and has enabled some of the earliest and most recent online initiatives. About Alliance & Leicester Commercial Bank Alliance & Leicester Commercial Bank is a market leader in cash management, handling almost GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 in every GBP 4 of High Street cash. It has cash depositing facilities located within a mile of 95% of all UK businesses. It offers businesses of all sizes very competitively priced banking, lending and specialist financial services, credit/debit card processing and bill payment facilities, along with market-leading rates for deposit accounts. Alliance & Leicester Commercial Bank has been awarded "Best Business Current Account Provider" by Business Moneyfacts for the last two consecutive years. Its competitive commercial mortgage products are available to businesses of all sizes on a fixed or variable repayment for property purchase (but not property development or 'buy to let') with repayments tailored to meet customers' requirements. Subsidiary Alliance & Leicester Commercial Finance is a specialist provider of leasing, hire purchase and other finance products to sectors such as public bodies, bus and coach operators, the haulage industry and other finance companies. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements within the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and . These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at www.s1.com or the SEC's web site at www.sec.gov) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion