Fundtech Enhances Liquidity & Risk Management Features of Global PAYplus®
New Dashboard monitors payment operations and global liquidity for the bank and its key clients
Fundtech Ltd., a market leader in global transaction banking solutions, today announced the introduction of the Global PAYplus Dashboard, a web-based application that monitors all aspects of the payment lifecycle, enabling the bank to monitor and manage liquidity and risk throughout the world.
The Dashboard consolidates a vast amount of system and account data giving payments operations executives a birds-eye view of many key indicators in graphical display. Operations executives will be better able to manage liquidity for themselves as well as key clients, ensuring that sufficient funds are in settlement accounts and that key cutoff deadlines are met. Each user is able to customize their Dashboard to their specific needs, and can drill down from a global view to country and even manage branch-level data.
Commenting on the introduction, Isaac Yaniv, Fundtechs Executive Vice President and Chief Architect Officer said: The need for improved liquidity and risk monitoring has never been greater, and we are providing Global PAYplus clients with the ability to improve their payment operations with the new Dashboard. The Dashboard enables users to see current performance data overlaid by historical patterns thus providing context to the data and enabling more informed decisions than ever before.
The Dashboard offers a new concept in systems monitoring called Paylets, which are portlets that monitor payment operations. Among the Paylets being introduced are:
- Account Position Paylet that monitors key customer and Nostro accounts by providing up-to-the-minute account balance, relevant currency data, and account limits;
- Traffic Status Paylets that analyze, distill and aggregate the payments processing traffic, monitoring limits and volumes;
- Technical Status Paylet that monitor internal, behind-the-scenes, queues that will identify potential backlogs and bottlenecks before they develop;
- Operational Status Paylet shows how many payments are in the processing pipeline and ensures that there are enough logged in users, bearing relevant roles, to handle these payments effectively; and
- Cutoff Paylet - highlights approaching cut offs and aids in identifying operational issues.
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 operates the worlds largest SWIFT service bureau. We offer an extensive line of financial supply chain applications including electronic invoice presentment and supply chain financing. And we are the leading provider of CLS systems to the worlds 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, visit www.fundtech.com.
Forward Looking Statements:
This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2009, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undue reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.
(On-site Sibos support)
+44 (0)7746 934804
Rhiannon Davies (UK office support)
+44 (0) 203 100 3508
(USA) Binna Kim, Cognito
+1 646 395 6304
George Ravich Fundtech Ltd.