Leading financial solutions provider Swedish Export Credit
Corporation chooses Progress DataDirect for real-time data access and
faster, more secure customer information processing
BEDFORD, Mass.--(BUSINESS WIRE)--
Progress
(NASDAQ: PRGS) today announced that Swedish Export Credit Corporation
(SEK), a leading provider of access to financial solutions for the
Swedish export industry, has selected the Progress® DataDirect®
solution for seamless ODBC data connectivity. The SEK's shift to the
Progress connectivity solution will provide real-time data access while
increasing speed and security in client financial information processing.
"Security and operational excellence have always been high on the agenda
of financial services organizations. By nature of their business,
including handling large amounts of highly confidential data, choosing a
reliable data connectivity partner is among the most important decisions
a financial organization can make," said Mark Armstrong, Vice President
and Managing Director EMEA at Progress. "We're pleased the Swedish
Export Credit Corporation selected Progress because of our long-standing
success record and unmatched data connectivity capabilities."
The Swedish Export Credit Corporation (SEK) was established by the
Swedish state and commercial banks in 1962, to give Swedish industry
better access to long-term financing. Since 2003, SEK has been wholly
owned by the Swedish state. The SEK's main task is to ensure access to
sustainable financing solutions for Swedish export industries on a
commercial basis. SEK licensed Progress DataDirect ODBC for Oracle to
enable its application to report and process customer financial
information. Using the Progress DataDirect solution, the SEK has
improved response time and reduced maintenance, and now has the
scalability necessary for continued business growth.
In addition, the SEK's update to the Progress DataDirect solution was
seamless and did not require any additional investment or large amount
of code changes. The Progress DataDirect ODBC standards-based
connectivity improves performance with efficient memory management to
process large data sets using the industry-leading wire protocol
technology.
"The Progress DataDirect solution met our complex technical needs to
retrieve large amounts of customer data. With its extensive ODBC API
coverage, we can easily port data via Oracle into our Fidelity/Lansa
application, which frees us to focus on reporting and processing
customers' financial information," said Helene Olsson, IT Solution
Manager, Swedish Export Credit Corporation.
The Progress DataDirect suite of data connectivity tools provides
proven, high-performance connectivity to all enterprises, big and small,
with simple or complex data migration, integration and management needs.
Companies needing to better manage and integrate data across relational,
Big Data and cloud data sources now have access to a unique data
connectivity solution. For more information about Progress DataDirect, click
here.
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About SEK
SEK's mission is to ensure access to financial
solutions for the Swedish export industry on commercial and sustainable
terms. SEK has a complementary role in the market, which means we act as
a complement to bank and capital market financing for exporters wanting
a range of financing sources. SEK's vision is to strengthen the
competitiveness of Swedish exporters, which helps create employment and
sustainable growth in Sweden.
About Progress
Progress (NASDAQ:
PRGS) is a global software company that simplifies the development,
deployment and management of business applications on-premise or in the
cloud, on any platform or device, to any data source, with enhanced
performance, minimal IT complexity and low total cost of ownership.
Progress can be reached at www.progress.com
or 1-781-280-4000.
Progress and DataDirect are trademarks or registered trademarks of
Progress Software Corporation or one of its subsidiaries or affiliates
in the U.S. and other countries. Any other trademarks contained herein
are the property of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160223005075/en/
Progress
Alexandra Mechkova, +1 888-365-2779
PR@progress.com
Source: Progress
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