Fundtech Receives Best SWIFT Utility Access Award from Global Finance
Recognized Among the World’s Best Treasury & Cash Management Providers for its SWIFT Service Bureau
Jersey City, NJ, September 18, 2013 - Fundtech, a market leader in global transaction banking solutions, has received the “Best SWIFT Utility Access” award from Global Finance as part of the publication’s 2013 World’s Best Treasury & Cash Management Awards. Fundtech was recognized at a September 18 ceremony during Sibos 2013 in Dubai; Per Trifunovic, Chief Executive Officer, Fundtech BBP, accepted the award on the company’s behalf.
The Global Finance award winners were selected by the publication’s editors, coupled with input from industry analysts, corporate executives and technology experts, in addition to reader feedback. Selection criteria included market share and reach, customer service, product innovation, pricing and differentiation.
Global Finance publisher Joseph D. Giarraputo says, “In the current volatile global economic environment, treasurers need the best tools and advice available to make capital work harder than ever. Our awards identify the banks and providers of products and services that consistently improve transaction processes to speed collections, cut costs and reduce risks.
”Fundtech’s recognition as “Best SWIFT Utility Access” is attributable to the expansive global reach and comprehensive technology of the Fundtech SWIFT service bureau, which provides treasurers greater coverage and capabilities while reducing complexity. With more than 400 customers in over 70 countries, Fundtech operates the world’s largest SWIFT service bureau. Fundtech has six data centers around the world, processing more than 25 million messages per month.
“We’re thankful to the industry and our clients for recognizing our commitment to delivering the leading SWIFT service bureau in the world,” says Trifunovic. “At Fundtech, we challenge ourselves every day to innovate SWIFT services for corporate treasurers, knowing that our clients are simultaneously expanding their global treasury operations and seeking new opportunities while managing cost and efficiency.”
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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