ANZ Receives Celent Model Bank Award for Payments Innovation Using Fundtech’s Global Payments Solution
ANZ receives industry honor for implementing a payments solution to complement regional expansion
New York – March 27, 2015 – Fundtech, a market leader in global transaction banking solutions, is proud to announce that ANZ has received Celent’s prestigious Model Bank Award in the category of Payments Innovation. The award recognizes the implementation of leading banking solutions that result in a clear and sustainable impact on business, improving sales or services, reducing risks or costs, and improving business processes for banks and their customers. ANZ was selected for this honor from over 70 nominations for Celent Model Bank Awards.
ANZ received Celent’s Model Bank Award for the technology innovations related to its journey toward becoming a super regional bank. Starting in 2008, the bank began to expand its network both organically and via investments and acquisitions throughout the Asia Pacific region, adding branches and new countries of operation. As a key element supporting its super regional strategy, ANZ chose Fundtech to support the development of a global payments hub solution to process high-value, international and cross-border payments. Using the solution, ANZ has been able to cost-effectively scale the system as its business has grown. Today, it has centralized and automated its payments operations across ten countries in the region.
“Fundtech congratulates ANZ for having the vision to transform itself into recognized leader in the Asia Pacific region,” says Isaac Yaniv, Executive Vice President, Global Payments, at Fundtech. “We are honored to have played a role in ANZ’s success.”
According to Gareth Lodge, Senior Analyst at Celent: “The Model Bank Awards recognize how banks are using technology to change the face of banking. These banks should serve as an inspiration to others looking for strong examples of best practice implementation that will have a truly meaningful impact on business results and the industry overall. The entry from ANZ clearly demonstrated this.”
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech’s customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm’s major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.
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