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VSoft News & Events

VSoft Corporation Press Releases

2017 Press Releases

September 14, 2017 VSoft Named to the 2017 IDC FinTech Rankings

VSoft Corporation, a global provider of information and technology solutions for financial institutions, today announced they have been named in the 2017 IDC Financial Insights FinTech Rankings, the most comprehensive vendor ranking within the financial services industry.

The annual IDC Financial Insights FinTech Rankings is based on 2016 calendar year revenues attributed to financial institutions, and it recognizes companies that are among the top financial technology providers worldwide. Global providers of financial technology in hardware, software and services are categorized and evaluated by IDC to determine key players in the space.

“A position on the IDC FinTech Rankings is a significant achievement, demonstrating a fintech company’s commitment to the success of their financial institution clients,” states Karen Massey, senior analyst at IDC Financial Insights. “The IDC FinTech Rankings, now in its 14th year, is the global industry standard who’s who of financial services technology providers, and we congratulate the 2017 winners.”

VSoft serves thousands of financial institutions of all sizes in the United States and globally. Known for its deep history in payment processing solutions, the company has succeeded by adapting to evolving technology and supporting dynamic solutions that meet key business strategies. VSoft’s evolution helps them stand out as a diversified company offering a wide variety of products and services, including its core, payment and digital banking solutions, which reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels.

Most recently, VSoft launched Arya, the industry’s first fully integrated digital banking platform, combining both mobile banking and digital banking with native, built-in features including VSoft’s industry-leading mobile deposit. Combining multiple products into one, Arya allows financial institutions to consolidate their online banking, mobile banking and mobile deposit applications without time-consuming and costly integrations. Financial institutions streamline vendor management responsibilities, further reducing costs. Arya also seamlessly integrates into any core banking solution.

“Our inclusion in IDC’s FinTech ranking attests to VSoft’s steadfast commitment in leading financial institutions forward through modern, reliable solutions,” said Murthy Veeraghanta, chairman and CEO of VSoft. “Because we continue to innovate, we continue to see impressive adoption by not only community financial institutions, but some of the largest banks and credit unions in the world. With the latest release of our digital banking platform, Arya, and the continued success of our proven payment processing solutions, we anticipate furthering that growth now and in the future.”

About IDC Financial Insights

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial, email info@idc-fi.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


August 16, 2017 VSoft Corporation Experience Strong Growth Among Nation’s Largest Financial Institutions

VSoft Corporation, a global provider of information and technology solutions for financial institutions, today announced rapid growth of its OnView™ Product Suite among the nation’s largest financial institutions, demonstrating strong demand for the company’s technology and the need to modernize outdated systems.

With more than two decades of experience and trusted by thousands of banks and credit unions worldwide, VSoft has gained substantial momentum among the top financial institutions. Several of the top 100 financial institutions in the U.S. are now leveraging VSoft’s solutions, including a top ten bank. VSoft also provides OnView payment solutions to the majority of the nation’s corporate credit unions and leagues as well as two of the top ten credit unions in the U.S. Not only has VSoft seen growth among large financial institutions in the U.S. but the company is expanding its global reach by working with a top ten global bank as well as many of the largest banks in the Caribbean and South America.

VSoft’s OnView suite of payment processing solutions provides institutions the ability to process all day one and day two payments through one single unified platform. VSoft’s solutions facilitate payment processing services, data perfection, image exchange for inclearing and cash letters, fraud risk reduction, returns and chargebacks, as well as research and archive functionality. The application’s open architecture includes business operations, rules and workflows, and data integration. VSoft’s single platform approach allows financial institutions to set up and manage business rules in one place that can be applied to deposits and payments across all channels.

“Historically, financial institutions have adopted technology with a best-of-breed approach, where multiple platforms from different vendors are combined to create – what they think is – the most innovative system. This has especially been the case for check processing,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “The challenge with this approach is managing those platforms and vendors, with the end result being a disjointed system that is felt by not only the institution but also its customers.”

To process a single check through this legacy model, a financial institution captures the check with one system. It is then passed to a second system for validation, moved on to a third system for archiving and then a fourth system to research the item. This process leads to an entire host of operational inefficiencies, fragmented systems, multiple points of failure, image duplication and added costs.

Veeraghanta continued, “IT resources are maintaining multiple systems, vendor management and compliance teams are managing multiple relationships, and financial institutions are paying maintenance on multiple systems, all to process a single check. This simply does not work. VSoft has solved this challenge through our OnView suite, which continues to see impressive adoption by not only community financial institutions, but some of the nation’s largest banks and credit unions. This is a testament to our technology, and we look forward to OnView’s continued success.”

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


May 23, 2017 VSoft Premieres Product Updates at Annual Client Conference

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced product updates and new feature functionalities at its annual client user conference, VISION 2017, on May 2-4 at the Atlanta Marriott Northwest. Nationwide users of VSoft’s Vantage Platform, which includes: remote deposit capture, image processing, digital banking and core processing software, received a first hand look at new features and functionalities in the VSoft product suite.

On the second day of the conference, VSoft product manager, Abhishek Veeraghanta, unveiled the latest release of VSoft’s OnView Suite, a truly cloud-based and device agnostic platform that was created with Angular, a JavaScript framework. The architecture was designed to provide a consistent look and feel across devices as well as an easy-to-use interface.

“Financial Institutions want the flexibility to conduct business on any device, just as account holders expect in their everyday lives. The infrastructure of the OnView Suite was carefully designed as a sustainable, scalable solution to the ever changing taste and preferences of account holders,” said Abhishek Veeraghanta. “VSoft’s OnView Branch deposit was updated to allow branch staff to be more flexible and provide an interactive experience with account holders.”

The three-day event also featured updates on VSoft’s CoreSoft™ core processing system and its IRIS digital banking platform. Complimentary product training was provided, along with industry-focused sessions like “What’s in Your Playbook?,” where attendees considered their business banking strategy and learned best practices for attracting, engaging and retaining business customers – a rapidly growing market segment. The agenda also included a motivational keynote delivered by JJ Birden and social events to provide networking opportunities with industry peers.

“For over 20 years, it has been our privilege to support banks and credit unions with our product suite by streamlining processes and creating efficiencies, enabling our clients to meet the growing needs of their customers,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “As VSoft continues to provide innovative solutions to the financial technology industry, our client conference will act as the source that keeps clients informed on up-to-the-minute industry trends and VSoft’s latest product offerings.”

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


January 17, 2017 Corporate America Credit Union Chooses VSoft
for Single Sign-On

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that Corporate America Credit Union (CACU), a not-for-profit financial cooperative, recently selected and is now in production with its OnView Single Sign-On (SSO) application.

VSoft’s Single Sign-On solution will enable CACU to better manage its third party software applications, including user roles and restrictions. The application will aggregate all third party applications together in one place for ease of use. Member credit unions will benefit from advanced technology that retrieves all credentials for secure authentication and login. Eliminating the need to manage multiple login credentials provides added convenience for users.

“Having worked with VSoft for over eight years, we know the value of their products and have been pleased with their outcomes. The Single Sign-On feature is no exception,” said Lisa Coffey, Chief Operating Officer of Corporate America Credit Union. “By integrating this feature, we’re able to improve our processes and the quality of service we provide our member credit unions.”

VSoft’s SSO solution provides simple and secure access management. Financial institutions are often plagued with the hassle of password management for a variety of legacy systems as well as on-premise applications. With VSoft’s cloud solution, institutions can access a variety of applications securely and conveniently with a single login.

“Corporate America is dedicated to providing outstanding service and access to the latest technology to all its member credit unions, which aligns with our mission,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “We are pleased to collaborate with them once again to offer this application.”

About Corporate America

Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not-for-profit financial cooperative governed by a board of directors elected from and by our member-owner credit unions. Corporate America serves nearly 500 credit unions across the nation and seeks to add value to member credit unions by providing access to a comprehensive list of products and services including investments, liquidity solutions, and correspondent services such as ACH, item processing, and remote deposit capture. Our priority is serving the needs of our member-owners to help ensure their future success. For more information, call (800) 292-6242 or visit www.corpam.org.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.