S1 Corp. Ticoon Tech Set Alliance
16 Oct 09:08
( BW)(GA-S1/TICOON)(SONE) S1 Corporation Forges Alliance With Ticoon
Technology, Inc.
Business/Technology Editors
ATLANTA--(BUSINESS WIRE)--Oct. 16, 2000--
-- S1 Enables Financial Service Providers to Enhance Enterprise eFinance
Experience(TM) for Customers by Integrating Ticoon's Personal
Financial Management Software into S1's Consumer Suite --
S1 Corporation (Nasdaq:SONE), a leading global provider of eFinance solutions
and services, announced today it has reached an agreement with Ticoon
Technology, Inc., to offer S1 Consumer Financial Planning, powered by Ticoon,
as an integrated application within S1's Consumer Suite of transactional
financial products. With its strong functionality, simple user interface and
open architecture, Ticoon's personal finance application is a powerful addition
to S1's Consumer Suite, and will further enable financial service providers to
offer their customers a complete Enterprise eFinance Experience(TM). This new
relationship will enable financial institutions to increase profitability,
create effective cross-selling opportunities, combat the threat of financial
intermediaries, and empower retail customers.
By leveraging Ticoon's wealth management solution within the Consumer Suite,
S1 will offer financial service providers a powerful system from which personal
account information and trends can be monitored and analyzed. With this new
application, financial service providers can promote and sell products and
services to their customers when they are most receptive to such messages,
achieving a higher level of customer interaction. This agreement enables S1 and
Ticoon to rapidly bring a complete set of personal financial management
functions to the Web, empowering financial institutions to solidify their
position as trusted advisors.
"S1 is committed to allying with innovative companies that share our vision
of the future of eFinance and providethe solutions financial service providers
need to remain competitive," said Herve Couturier, executive vice president of
products for S1 Corporation. "We are excited to add Ticoon to our Open eFinance
Network(TM). Today's efinanciers demand personalized financial services and
solutions to help them attain their individual goals. S1 Consumer Financial
Planning enables S1 to fulfill its promise of providing financial service
providers with the most sophisticated tools their customers need to conduct a
wealth of eFinance transactions."
Although S1 Consumer Financial Planning offers a number of substantial
advantages to financial service providers and their customers, two of the
software's most significant components are its goal planning and budgeting
programs. Utilizing the goal planning application, consumers are able to set
"real life" financial goals, such as retirement or home ownership, chart their
forecasted progress, and receive specific strategic recommendations on how to
reach these goals. The budgeting application enables consumers to track single
and recurring credits and debits, including income, expenses, saving plans,
asset conversions and debt repayments. This feature also offers reports on
current or projected surpluses and deficits.
"This alliance with S1 enables us to execute on our business strategy and
helps us achieve our objective of delivering a set of tools through which
financial service providers can offer personal accounting, budgeting and
financial planning," said Rick Hyde, president and CEO of Ticoon Technology,
Inc. "By partnering with the dominant global provider of eFinance solutions and
leveraging its extensive sales force, we gain an excellent opportunity to
significantly grow our customer base. In turn, we are pleased to be enabling S1
to build additional value into the widely adopted S1 Consumer Suite."
About Ticoon Technology, Inc.
Ticoon Technology, Inc., is a software development company based out of
Toronto, Canada, providing a customized, private label, Enterprise Personal
Financial Management (ePFM) solution to the financial services marketplace in
North America. Ticoon's ePFM application integrates goal planning, budgeting
and personal accounting components to help retail banking customers achieve
their goals and to enable financial service providers to strengthen customer
relationships, increase revenues and take a competitive lead in the financial
services marketplace.
For more information about Ticoon Technology Inc. visit our site at
www.ticoon.com or contact Jillian Bannister at 416 513 9271.
About S1 Corporation
S1 (Nasdaq:SONE), the pioneer of Internet banking, is a leading global
provider of innovative eFinance solutions and services that are centered on
banking, brokerage and insurance. S1 is enabling financial service providers to
create a complete Enterprise eFinance Experience(TM) by delivering the tools
necessary to meet the evolving demands of their customers across various lines
of businesses, market segments and delivery channels. Through its Open eFinance
Architecture(TM), S1 offers a broad range of applications that empower
financial institutions to increase revenue, strengthen customer relationships
and gain competitive advantage. Additionally, through the Company's
professional services organization, S1 applications can be implemented in-house
or hosted in an S1 Data Center. Additional information about S1 is available at
s1.com.
Forward-Looking Statements
This press release includes statements and other matters which are
forward-looking and subject to a number of risks and uncertainties that could
cause actual results to differ materially from expectations. The statements
contained in this release that are forward-looking are based on current
expectations and are subject to risks and uncertainties that could cause actual
results to differ materially from the results contemplated by the
forward-looking statements. These risks and uncertainties include, but are in
no way limited to:
-- the possibility that the anticipated benefits from our acquisition
transactions will not be fully realized;
-- the possibility that costs or difficulties related to our integration of
acquisitions will be greater than expected;
-- our dependence on the timely development, introduction and customers
acceptance of new Internet services;
-- rapidly changing technology and shifting demand requirements and Internet
usage patterns;
-- other risks and uncertainties, including the impact of competitive
services, products and prices, the unsettled conditions in the Internet and
other high-technology industries and the ability to attract and retain key
personnel; and
-- other risk factors as may be detailed from time to time in our public
announcements and filings with the SEC, including the Company's annual report
on Form 10-K for the year ended December 31, 1999.
In addition, nothing in the press release should be viewed as an update or
comment on earlier forward-looking statements provided by S1 Corporation. As
noted above, because actual results, performance or developments may differ
materially from forward-looking statements, S1 will not update such statements
over the course of future periods, except in the course of our reports under
applicable laws.
--30--mb/bos*
CONTACT: Sterling Hager, Inc. for S1 Corporation
Tracey Frederickson, 617-926-6665 ext. 327
tfrederickson@sterlinghager.com
or
Maverick Public Relations for Ticoon Technology Inc.
Andre Fuochi, 416-640-5519
andref@maverickpr.com
or
Investor Relations for S1 Corporation
Sam Perkins, 404-812-6200
sam.perkins@s1.com
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