Fundtech Wins XCelent Award for Innovative CASHplus Product
Fundtech takes the crown and an XCelent Award in the advanced technology category. Celent Report
Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that it has won the title for Advanced Technology in Celents Evaluating the Vendors of Small Business Online Banking Solutions 2010 Awards. Celent is a leading research and consulting firm in IT and financial services.
The award recognizes Fundtechs CASHplus for its high degree of interoperability, security and performance. Areas of particular note are the products SOA Services Platform, which was first introduced by Fundtech in 2009. Fundtechs advances in usability were reflected in the firms top GUI flexibility score, highlighting the products customization capabilities. Fundtech also scored high in security features due to the companys partnerships with Digital Resolve and Vasco as well as the firms entitlements capabilities.
Jacob Jegher, Celent senior analyst and author of the report writes, Fundtech takes the crown in the advanced technology category. He continues, The Fundtech [CASHplus] solution excels at traditional cash management functionality ACH and wire payments, reporting and a robust admin tool.
CASHplus provides a comprehensive set of Internet banking services that empower a corporate customer with secure access to transaction management, along with highly advanced reporting and audit modules. It enables banks to tailor services, fees and branding to the unique needs of various market segments.
We are delighted that CASHplus has been recognized by Celent for advanced technology. We continue to invest in the products so that our clients have the most compelling cash management service available in the marketplace. Innovation in cash management is a core strength of Fundtech, said Ed Gainer, Senior Vice President of Fundtechs cash management business unit.
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 Inc.
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(USA) Binna Kim/Renee Sieli, Cognito
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George Ravich Fundtech Ltd.