ProgressSoft, the Platinum Sponsor of the Middle East Financial Technology Exhibition & Conference

ProgressSoft, the leading providers of innovative imaging solutions to the financial sector, announced their sponsorship of MEFTEC 2006, Middle East's premier banking and financial services technology event, taking place in Bahrain on 13-15 Feb, 2006.

Under the auspices of the Bahrain Monetary Agency, MEFTEC is held in the heart of the region's financial capital, where renowned IT solution providers and senior IT decision makers of Middle East's financial community will blend together to exchange knowledge and do business.

As the platinum sponsor of MEFTEC, ProgressSoft will be assuming a significant role in the event's programme; in addition to exhibiting a distinguished array of 16 contemporary solutions dedicated to the financial world, ProgressSoft will be conveying their expertise through an opening session presentation by Mr. Michael Wakileh, Business Development Manager, ProgressSoft, during which Mr. Wakileh shall be discussing the revolutionary advancements that have taken place in the electronic check clearing field, and their recognizable advantages.

During the event's highly specialized trade exhibition, ProgressSoft will be showcasing some intelligent imaging solutions comprising electronic check clearing, signature verification, document management and workflow solutions. "ProgressSoft's presence in MEFTEC 2006 reflects our long lasting commitment to availing our focused expertise and latest innovations to the financial world while assuming a significant position among industry leaders" affirmed Mr. Wakileh.

For the first time ever, ProgressSoft will be demonstrating in such a regional event the pioneering PS-ECC; the world's first Electronic Check Clearing Solution that claimed the attention of the international banking community in most prestigious events and exhibitions with several successful countrywide implementations notched on its belt. PS-ECC facilitates same day clearing of checks through an electronic exchange of check images in place of the cumbersome movement of paper-based checks between banks and clearing houses, while promising a profoundly advantageous clearing process for banks, central banks and clearing houses.

Delegates comprising top-notch decision makers in the Middle East will have the opportunity to view ProgressSoft's latest innovation, the new PS-ECC Suite; a harmonious collection of advanced and highly specialized electronic check clearing solutions, where each component of the Suite serves precise participants and aspects of the check clearing cycle.

ProgressSoft will also be introducing their business-savvy Securities Trading E-Settlement Solution, PS-eTrade, which offers a higher efficiency for the securities trading industry through real-time settlement between banks and brokers.

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