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bcpbank Selects Fundtech's Global PAYplus(tm). Web-based Payments to Drive Expanded Customer Services

Jersey City, N.J., June 16, 2004 - Fundtech Ltd. (NASDAQ: FNDT), a leading
provider of payments, cash management and settlement software and services,
announced today that bcpbank has chosen Fundtech's Global PAYplus to support
US dollar and multi-currency payments processing.

bcpbank is the North American retail banking unit of the Millennium bcp
financial group, the leading financial group in Portugal and one of the top
100 in Europe. bcpbank is headquartered in Newark, New Jersey with branches
in New Jersey, New York, Massachusetts, and Ontario, Canada.

bcpbank will deploy Global PAYplus to enhance payments processing efficiency
by integrating Global PAYplus into its highly advanced web-based branch and
customer service operations. Global PAYplus offers bcpbank the ability to
quickly tailor its payments-related services to the unique needs of clients,
providing customized services that are expected to expand fee revenues.

"We selected Global PAYplus because it will allow us to provide enhanced
streamlined services to our customers, while reducing costs", says Miguel
Carvalho, bcpbank's chief administrative officer.

"We welcome the innovative and fast-growing bcpbank as a new client, and look forward to working with them to meet their strategic goals," said Michael Sgroe, president and chief operating officer of Fundtech Corporation.