ProgressSoft’s CBPR+ Ready Solution Astounds Sibos 2020

ProgressSoft stirred the financial industry at Sibos 2020, the premier financial services event, which took place virtually this year from 5 – 8 October.

As Sibos 2020 Partner, ProgressSoft experts were available all throughout the event to present attendees with the latest advancements in payment solutions including Blockchain-based Central Bank Digital Currency, Instant Payments System, Mobile Payments Suite and particularly, its Payments Hub Platform, which sparked the interest of hundreds of financial industry leaders across the globe as one of select platforms worldwide listed by SWIFT as a Cross-Border Payments and Reporting Plus (CBPR+) ready solution.

The Payments Hub Platform, which is fully in line with SWIFT’s directive for banks to adopt ISO 20022 in the coming years, provides banks with cost-efficient means to seamlessly complete the adoption with minimal to zero changes on back-end systems – marking it as the preferred technology for the future of digital transformation for the next 5 years.

In addition, ProgressSoft participated in an insightful panel discussion on ‘Driving and thriving in the new normal for the financial industry’ revealing the ideal technologies that assist financial institutions in not only adapting to the new normal but thriving and strengthening resilience more than ever before, opening way for many enticing conversations with Sibos attendees.

ProgressSoft is delighted to have networked with numerous leaders from the financial industry at Sibos 2020 and looks forward to proceeding discussions with financial institutions on implementations of its CBPR+ ready Payments Hub Platform.