BEAC and ProgressSoft launch SYSTAC 2, modernising payment infrastructure in Central Africa. Filters. Cross-Border Payments Europe and Central Asia North America * The Bank of Central African States (BEAC) and ProgressSoft launched SYSTAC 2, a centralised electronic clearing house serving the six CEMAC member states: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. * Since 3rd August 2026, SYSTAC 2 has supported 59 banks, six National Treasuries, and six BEAC National Directorates with a unified clearing infrastructure. * SYSTAC 2 integrates ProgressSoft's automated clearing house for retail payments, electronic cheque clearing, and a dispute management system, all designed to ISO 20022 standards and deployed via an Application Service Provider model. * The platform centralises maintenance and upgrades, reduces participant infrastructure needs, and harmonises clearing processes across member states. * The coordinated migration involved all 71 participants transitioning simultaneously to the new system, enhancing transaction efficiency, security, traceability, and monitoring. * Future plans include adding ProgressSoft's interoperable instant payments platform to enable real-time regional payments, further advancing CEMAC's payment services modernisation. 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ProgressSoft at the Fintech Revolution Summit Malaysia 2026. Kuala Lumpur - July 23, 2026 ProgressSoft showcased its latest financial and payment solutions to industry leaders from across Asia Pacific at the Fintech Revolution Summit Malaysia, held on 23 July 2026 at Crowne Plaza Kuala Lumpur. Throughout the summit, conversations with financial institutions across the region reflected the market's accelerating shift toward instant payments, interoperability and unified payment infrastructure; the very transformation ProgressSoft's solutions are built to deliver, underscoring how strongly its approach resonated with the priorities of the region's financial sector. Solutions on show included ProgressSoft's Payments Hub Platform, Interoperable Instant Payment System, Smart Payments Reconciliation, Corporate Banking Suite and more, empowering financial institutions to centralize payment processing, settle transactions in real time, automate reconciliation, and digitize corporate banking among additional value-added services. ProgressSoft's Nilendu Mukherjee, also took the stage in a panel discussion titled "Rewiring Banking: The Digital Revolution Shaping Financial Technology Infrastructure", addressing the case for unifying payment orchestration. The discussion explored decoupling payment processing from core banking systems, overcoming the fragmentation of siloed payment platforms, absorbing regulatory and scheme updates through configuration rather than code changes, and the expanding role of artificial intelligence in payment operations. ProgressSoft's participation in the summit reaffirms its commitment to advancing payment infrastructure across the Asia-Pacific region, where it continues to support financial institutions in building efficient, unified and future-ready payment ecosystems.

Housing Bank enhances its payments framework with ProgressSoft partnership. The two firms have been collaborating since 1993, when Housing Bank partnered with ProgressSoft in 1993 for its Signature Verification Solution. May 18, 2026 Jordan-based commercial Housing Bank for Trade and Finance has selected local fintech ProgressSoft to upgrade its payments network. ProgressSoft's Payments Hub Platform will streamline both local and international payment corridors, with the vendor stating in an announcement that following the integration, businesses will experience "faster settlement times, improved tracking and greater transparency". The statement continues that this move also aligns with the bank's goal of supporting global payment standards like Swift GPI and CBPR+. Initially formed as a home financing institution in 1973, Housing Bank became a fully authorised commercial bank in 1997. It now offers a range of accounts, cards, loans and e-services to individuals and businesses. The bank has since established itself in eight countries, including Algeria, Bahrain, the UAE and the UK. The collaboration with ProgressSoft is the latest agreement in a long-standing partnership between the two firms. Housing Bank first partnered with ProgressSoft in 1993 for its Signature Verification Solution, before upgrading to the vendor's web version of the Signature Verification Solution PS-SIG in 2006. The relationship was further cemented in 2015, when Housing Bank rolled out ProgressSoft's Automated Signature Verification Solution, and again in 2023 when ProgressSoft provided the bank with corporate cash management services. Reporter, FinTech Futures Francis Bignell is a reporter at FinTech Futures with a keen interest in all things fintech, especially in the Latin America region. Writing in the industry for four years, he has moderated webinars and podcasts as well as interviewed executives from a wide range of sectors. Webinar | 26 May 2026 | Value first, technology second: Rethinking process transformation in finance and insurance Led by industry experts, this webinar will provide a practical, customer value-first framework to help you bridge the gap between business goals and IT execution.