Fundtech Introduces Global CASHplus Enhancement Pack at Annual Mumbai Bankers’ Meet
Over 50 Indian banking executives hear about new features that improve business processes and operations
Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced the introduction of the Global CASHplus Enhancement Pack during its Annual Bankers Meet, held at the Grand Hyatt in Mumbai on 28th January.
Fundtechs Annual Bankers Meet provides a forum for senior Indian banking executives to discuss important local industry topics and share views on global trends. Among the banks participating this year were executives from HDFC Bank, IDBI bank, ICICI Bank, YES bank and Syndicate Bank.
At the event, Sanjay Dalmia, Managing Director of Fundtech India Ltd., and Gil Gadot, Managing Director of Fundtech Asia Pacific shared an update on Fundtech's growth in 2010 and their strategy for the future.
Fundtech introduced the Global CASHplus Enhancement Pack, which offers 16 innovative new product features that meet the evolving cash management business and operations requirements of banks. New features for liquidity management, receivables and payments will improve both business process and operations.
Commenting on the evening events, Gadot said: This years event was exceptionally valuable because we were able to hear a wide variety of perspectives on the local and regional financial services industry. For Fundtech, the Bankers Meet offers us an opportunity to interact with our customers to better understand the trends that are driving their strategy, and how Fundtechs product roadmap can enhance their market position.
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.
(UK) Chanda Gathani - Metia Ltd.
+44 (0) 20 3100 3605
(USA) Binna Kim, Cognito
+1 646 395 6304
George Ravich Fundtech Ltd.