Progress Systems
- Company typePrivate
- Founded1980
- HeadquartersDublin, Ireland
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Progress Systems firmographics
Firmographics- Name
- Progress Systems
- Legal name
- Progress Systems Ltd.
- Website
- https://progress.ie
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Progress Systems industry classification
Industry- Product category
- Credit Union Banking Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Computer Processing & Data Preparation (7374), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
- akta.pro secondary industries
- Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ), Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH)
Keywords
Where Progress Systems is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices1 record
Markets served
Progress Systems business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Software Licensing and Subscriptions: Progress Systems provides Credit Union core banking software on a licensing basis. The company provides the complete package including core banking, website design, mobile banking, digital lending, digital signatures, biometric onboarding, and AML workflows. Revenue is generated through software licensing, implementation fees, and ongoing support contracts.
- Support and Maintenance Services: Customer support is a primary revenue driver. Over 90% of Progress employees are in Support and Development departments. Support services follow ISO27001 standards with a structured process including call allocation, severity evaluation, authorised connections, and email reporting. Training seminars are held annually. Support is available six days a week with emergency cover outside hours.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Progress Systems product offering
Product offeringCore offering
Progress Systems provides an integrated core banking and digital services platform (Progress Banking) to credit unions in Ireland and the UK. The offering combines core banking operations, member onboarding with biometric ID verification, online loan origination with digital signatures, mobile and online banking, credit union website design, and clearing network integration to Intesa San Paulo and CUSOP — all delivered as a single managed software and support package.
Differentiator
Problem solved
Functional benefit
Products and services
- Progress Banking Feature-rich Credit Union core banking platform providing core banking, digital services, and compliance functionality integrated into a single application. Developed using Microsoft .NET with Microsoft SQL Server as the core database. Installed in over 200 credit unions with over 3,000,000 member accounts.
- Website Design Credit union website design and hosting service using Umbraco CMS technology, with built-in editing controls, 24-hour access, SSL encryption, and responsive design. Over 200 Credit Union websites built across Ireland and the UK with public and members-only areas.
- Online Banking
Quantifiable outcome
- 220+ Credit Unions served, with 15% annual user base growth
- +4 more outcomes
Companies that use Progress Systems
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles1 record
Progress Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability2 records
Feature7 records
Progress Systems partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- CUDS (Credit Union Development Society)coreCUDS is the Progress User Group that meets every two months with the Progress executive to discuss product development, new requirements, new users, and analysis of the two months support service. They have commissioned independent certifications and audits including Grant Thornton reviews and FMB Accountants financial audits. CUDS is central to Progress's product strategy and customer retention.
- JumiocoreProgress partnered with Jumio, the global leader in digital biometric ID verification, to provide integrated biometric member onboarding. This API partnership combined with Progress's knowledge of Credit Unions allows Progress to offer what it describes as the most secure, convenient and effective digital member onboarding on the market.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Progress Systems competitors and assessment
Company assessmentBroad incumbents
- Jack Henry & Associates: US-listed banking technology provider whose Symitar/Episys core platform serves thousands of US credit unions. Most directly comparable as a credit-union-specialist core banking vendor at much larger scale; operates a horizontally broader portfolio than Progress.
- Fiserv: Global financial services technology incumbent with credit union DNA, Payments and core banking solutions (formerly Open Solutions DNA). Comparable as a vertically broad banking-software incumbent competing for the same customer modernization dollars as Progress.
- Temenos: Swiss-listed global core banking software vendor serving retail, SME, and credit union-style cooperatives worldwide. Comparable as a horizontal core banking incumbent that Progress competes against when credit unions evaluate large modernization projects.
- Sopra Banking Software: European banking software vendor serving retail, cooperative, and specialized banks across the UK and Ireland. Comparable as a regional incumbent with overlapping core banking, lending, and digital capabilities relevant to credit union RFPs.
Direct peers
- COCC: US core banking and digital services provider exclusively focused on credit unions, similar in vertical-specialization profile to Progress. Closest US analog to Progress's "credit union only, integrated suite" positioning.
- Corelation: US credit union core processing vendor built on modern architecture, serving hundreds of US credit unions. Direct peer given shared exclusive credit union focus and integrated core/digital offering.
Emerging players
- Thought Machine: UK-headquartered cloud-native core banking platform challenging incumbent core vendors across retail and cooperative banking. Comparable as a modern architecture alternative Progress may face in UK credit union modernization cycles.
- Mambu: Cloud-native core banking platform serving challenger banks, lenders, and cooperatives globally. Comparable as a SaaS-native alternative to legacy on-prem core stacks such as Progress's .NET/SQL Server platform.
- nCino: Cloud banking platform with strong credit union and community bank presence, focused on digital lending, onboarding, and account opening workflows — directly overlapping Progress's digital lending and biometric onboarding modules.
- Backbase: Digital banking platform provider delivering omnichannel, online, and mobile banking software to banks and credit unions. Comparable as a digital-front-end competitor that could be deployed alongside, or instead of, Progress's online/mobile modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Progress Systems social profiles
Digital presenceProgress Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Progress Systems leadership team
Management profileNumber of profiles
Profiles2 records
Progress Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Progress Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Progress Systems
What does Progress Systems do?
Progress Systems provides an integrated core banking and digital services platform (Progress Banking) to credit unions in Ireland and the UK. The offering combines core banking operations, member onboarding with biometric ID verification, online loan origination with digital signatures, mobile and online banking, credit union website design, and clearing network integration to Intesa San Paulo and CUSOP — all delivered as a single managed software and support package.
Is Progress Systems a public or private company?
Progress Systems is a private company. It is classified as venture growth investor backed and is currently operating.
When was Progress Systems founded?
Progress Systems was founded in 1980. It employs 51 to 100 people.
Where is Progress Systems based?
Progress Systems is headquartered in Dublin, Ireland, in the Europe region.
How does Progress Systems make money?
Two revenue lines are on record. Software Licensing and Subscriptions are the primary driver. The others are support and Maintenance Services.
Who are Progress Systems's main competitors?
Broad incumbents on record are Jack Henry & Associates, Fiserv, Temenos and Sopra Banking Software. Direct peers are COCC and Corelation. Emerging players are Thought Machine, Mambu, nCino and Backbase.
Does Progress Systems have an API?
No public API is recorded for Progress Systems.
What industry is Progress Systems in?
Progress Systems's product category is Credit Union Banking Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts), with a secondary code of FSAMABAJ, Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure). Its NAICS code is 522320 and its SIC code is 7374.