Fundtech Introduces Global CASHplus® - Transaction Banking Platform

Seamless integration of global cash management with financial supply chain is designed for the expanding global banking needs of businesses.

Bangalore, Karnataka, IND, 2008-09-11 16:56:18 (IndiaPRwire.com)
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Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions,announced the introduction of Global CASHplus (GCP), a new generationtransaction banking platform that combines comprehensive global cash managementwith the full range of automated financial supply chain features. For banks,GCP provides a competitive edge with its integrated features, operationalefficiency, and Web 2.0-inspired user interface. Corporations will benefit froman unprecedented level of global financial control, enabling them to optimizetheir working capital while managing risk.

GCP is an extension of Fundtech’send-to-end-to-end (also referred to as E-to-E2) strategy, which expands thetraditional boundaries of global end-to-end transaction banking to includecorporate clients and their trading partners. With far more visibility intotheir clients working capital needs, banks are able to provide new servicesthat deliver greater financial leverage through just-in-time cash.

“As business becomes more global and electroniccommerce more widespread, automated financial supply chain features arebecoming a competitive necessity for both banks and their corporate clients,”said Sanjay Dalmia, managing director of Fundtech India, and head of Global CASHplus.“We have listened to hundreds of banks who currently use our cash managementand financial supply chain products, and brought together the strengths of ourworldwide products to create a true E-to-E2 community from invoicing to paymentand collections.”

“There is no more powerful method fordemonstrating to corporate clients that an institution is committed toproviding holistic, integrated solutions than by offering a unified experienceon the Web,” says Susan Feinberg, senior research director for wholesalebanking at TowerGroup. “As banks look to enhance either cash management ortrade offerings, it is important that they consider the needs of both theircorporate clients conducting open account cross-border trade and those clientslooking to automate and enhance the financial supply chain for domestic B2Bcommercial activity.”

IntegratingGlobal Cash Management and Financial Supply Chain

For corporate users, GCP offers anabundance of cash management features. The multi-country / multi-currencypayments and collections management functions support the full spectrum ofelectronic and paper-based transactions, and integrate with corporate ERPsystems. The global liquidity management functions include cash pooling (real,notional, and cross-border), cash concentration, and a variety of sweeps.

With integrated financial supply chainfeatures, corporate clients and their trading partners are connected to aseamless stream of transaction-related documents and information, which areconnected to the flow of funds. Key features include: electronic invoicing andassociated document management and a wide variety of open account trade financefeatures such as factoring, receivables financing, pre-shipment financing andreconciliation.

AdvancedUser Interface

Global CASHplus has a web 2.0-inspired userinterface with many unique features. Utilizing Fundtech’s proprietaryuCustomize™ technology, GCP will enable each individual user to define apersonalized dashboard view of the data and services, as well as customizealerts and notifications. A “buddy list” of colleagues, trading partners andbank relationship managers is used to share transaction banking documents in asecure and audited manner.

Technologythat Offers Operational Efficiency and Flexibility

GCP is a 100% Java (J2EE) solution, withmany functions built in SOA (Service Oriented Architecture). This advancedtechnology makes the GCP platform highly efficient and extensible across thebanks service channels. With the uCustomize technology, a single instance ofGCP can support a global operation by creating an almost endless number ofversions that can be targeted to specific market segments (e.g. small, medium,and large businesses), as well as country-specific versions that support locallanguage and banking requirements. GCP enables banks to consolidate transactionbanking systems within countries, while easily expanding services in newcountries. This level of efficiency and flexibility will make banks morecompetitive, both in their pricing as well as their ability to service theneeds of their global clients.

GCP– Built Upon a Successful Heritage

Fundtech has been a leading provider oftransaction banking software for 15 years and has hundreds of cash managementand financial supply chain clients throughout the world. GCP is a newgeneration global transaction banking platform that is an outgrowth ofFundtech’s existing cash management, financial supply chain and transactionbanking products and technology.

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About Fundtech

Fundtech (NASDAQ: FNDT), was founded in 1993, and is a leading provider of software and services to banks of all sizes around the world. Payments systems include wire transfers, ACH origination, cross-border payments and remittance. Cash management systems are designed for large corporate through small business clients. Fundtech is a leader in SWIFT services, operating one of the world’s largest SWIFT service bureaus in the world. We offer an extensive line of financial supply chain applications including electronic invoice presentment and supply trade financing. And we are the leading provider of CLS systems to the world’s largest banks. More than 1,000 clients throughout the world rely on Fundtech solutions to improve operational efficiency and provide greater competitiveness through innovative business-to-business services. For more information, visitwww.fundtech.com.

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