Tuesday, June 8, 2010

Panini Announces New Subsidiary and Product at Ciab FEBRABAN 2010

http://www.panini.comCompany Extends Commitment to Brazilian Financial Service Customers
Ciab FEBRABAN 2010
TORINO, Italy--(BUSINESS WIRE)--Panini, the global market leader in distributed check capture, is announcing the establishment of Panini Ltda, a fully-owned company subsidiary with its main office in São Paulo, Brazil. This news, along with the announcement of a new Panini product tailored to the needs of the Brazilian financial services market, was made public today at Ciab FEBRABAN 2010, one of the world’s largest financial services events, in São Paulo, Brazil at the Transamerica Convention Center.
“As the global leaders in distributed capture, we are committed to the success of this market and have been involved from the beginning in many aspects of Brazil’s new check truncation legislation”
Panini has been engaged in the Brazilian financial services market for many years and has experienced growing success. Panini Ltda gives the company a direct presence in a country that’s moving towards check truncation in the banking industry. “As the global leaders in distributed capture, we are committed to the success of this market and have been involved from the beginning in many aspects of Brazil’s new check truncation legislation,” says Nicola Aliperti, CEO, Panini. “The establishment of Panini Ltda allows us to continue to support the industry’s transition to check truncation while enhancing our market capabilities.”
Romeo Gonçalez, an executive with over 20 years experience in the Brazilian banking industry, will lead the development of Panini’s presence and leadership in Brazil as well as the growing business in the other Latin American countries. Romeo, before joining Panini, held several management positions in different companies working on technology and services for the banking industry and was Sales Director for NCR Brazil. Mr. Gonçalez can be reached at romeo.goncalez@panini.com.
The company also announced a new product at Ciab FEBRABAN 2010 today. In addition to utilizing Panini’s worldwide market-leading Vision X and I:Deal check scanners, Brazilian financial institutions can now combine check capture and document automation with this new, state-of-the-art technology. The new product, capable of processing a wide range of documents, will be available to order later this year.
“We have a constant pulse on the market, and our product strategy is a direct result of ongoing customer and industry interaction,” adds Gonçalez. “It will allow Brazilian financial institutions to continue cost effective automation of their paper documents and processes.”
Panini is exhibiting at Ciab FEBRABAN 2010 in Booth N˚. A2. Attendees can visit the booth for a demonstration of Panini’s world-class check capture solutions. Additionally, Panini’s CEO, Nicola Aliperti and Panini Ltda’s Director, Romeo Gonçalez are in attendance.
Panini Ltda is located at Rua Joaquim Floriano, 871 – 11ºA, CEP 04534-013 São Paulo – Brazil. The office telephone number is +5511 3168-5521.
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 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, remote deposit capture and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.

Contacts

PANINI

Jessica Back, Media Contact, +1 937-291-2195 x128

jessica.back@panini.com
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