First Asia Pacific Bank Goes Live with S1 Enterprise Solution.Business Editors/High-Tech Writers ATLANTA--(BUSINESS WIRE)--April 12, 2004 S1 Corporation (Nasdaq:SONE) announced today that Tai Fung Bank, with total assets of MOP (Millionaire On Paper) Refers to people who have wealth tied up in company stock options, which cannot be exercised until a certain date. During the dot-com boom, tens of thousands of MOPs were created, but many unfortunately never cashed in before the stock became 24.18 billion, is the first bank in the Asia Pacific region to go live with an S1 Enterprise solution. Tai Fung Bank has implemented S1 Personal Banking on the S1 Enterprise Platform as the backbone of its progressive Internet strategy to deliver faster, more convenient and secure service to its rapidly expanding customer base. Leveraging a systems integration relationship with New Tech Company, S1 worked closely with the team at Tai Fung Bank to launch S1 Personal Banking. This launch demonstrates S1's ability to consistently execute on its global strategy to provide the world's most innovative institutions with the solutions they need to strengthen customer relationships, build brand recognition and gain competitive advantage. Now the bank can deliver its customers anytime, anywhere access to view statements and activity online, transfer funds, exchange foreign currencies, and look at the latest market information. In addition, the S1 Personal Banking solution for Tai Fung Bank is designed with a bilingual bi·lin·gual adj. 1. a. Using or able to use two languages, especially with equal or nearly equal fluency. b. interface in traditional Chinese and English. Built on the S1 Enterprise Platform, a single J2EE-based open architecture, S1 Personal Banking allows Tai Fung Bank to easily add new capabilities to significantly reduce maintenance, implementation and integration costs. The solution also enables banks to take advantage of S1 Application Manager, an unparalleled bank-side administration tool that offers system configuration tools, flexible user entitlements and limit setting, branding, and class-of-service options. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tang tang, in zoology tang: see butterfly fish. Dama, assistant general manager at Tai Fung Bank, "With S1's Enterprise solution we're not only introducing Internet service to enhance loyalty with current customers, but also positioning the bank to attract new customers and revenue opportunities. As we look at the latest technology standards and applications, we are confident that we have a strong partner that will support our future growth strategies." According to Bill James
Please [ improve this article] or discuss the issue on the talk page. industry." S1 has relationships with top 10 global financial institutions and works with more than 4,000 institutions around the world. The successful implementation at Tai Fung Bank further validates the company's ability to understand the needs of financial services providers of all shapes and sizes, while deploying solutions that meet the unique requirements of each market segment. About S1 Corporation S1 Corporation (Nasdaq: SONE) is a leading global provider of enterprise software solutions for more than 4,000 banks, credit unions 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 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. 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. |
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