The Company recently confirmed as the market share leader in distributed check capture market for the third consecutive year
Turin: MEFTEC is the world's premier financial technology event, with a specific focus on the Middle East, Africa and South Asia (MEASA) region and increasing participation from other high-growth international markets.
This important event will take place in Bahrain on February 10th and 11th, under the auspices of the Central bank of Bahrain.
Panini is attending and exhibiting at MEFTEC as a must to meet bankers and financial operators of the MEASA region. As the undisputed financial capital of the region and one of the world's leading financial hubs, no other venue could be more fitting for MEFTEC's profile than Bahrain. The island currently hosts more than 400 financial institutions, the largest concentration in the region, and continues to attract new financial firms.
As the world's premier Islamic financial center, the Country currently hosts 30 Islamic banks and 11 Islamic insurance firms as well as key industrial institutions such as the AAOFI, CIBAFI and the International Islamic Financial Market. The Middle East, Africa and South Asia (MEASA) region is one of the world's fastest growing markets for banking & financial technology. In particular, GCC Countries are strongly focused on payment system technological innovation.
In accordance with the international trend towards the introduction of Image Check Clearing System (ICCS), also GCC countries are planning to introduce this new check-image-based payment system, with Saudi Arabia and the UAE as first examples. In this scenario, Panini is the right ally to provide payment technology innovation. International customers have acknowledged Panini check scanners as the worldwide standard for bank imaging applications, thanks to the company's unparalleled installed base.
In US market Panini has recently been confirmed as the market share leader in distributed check capture market for the third year running, based on independent, third-party research. This dominant international market share position gives to Panini the experience and expertise necessary to propose customized solutions for Remote Deposit Capture and Banking Automation.
The Company is ready to support banks and financial institutions in implementing fully-scalable, technological solutions to help banking partners focus on customer services, improving their competitiveness.
To know more about Panini ICCS solutions, please come to visit our booth N7 and our website www.panini.com
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About Panini
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company's expertise in research & development. Panini's market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini North America, a wholly owned subsidiary, offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini's scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, cash vault, microfilm replacement and remittance processing. For more information please call +39 011 8176011 or visit www.panini.com.
© Press Release 2009
