Jersey City, N.J., November 15, 2004 - Fundtech Ltd. (NASDAQ: FNDT), a leading provider of financial technology, has been ranked 59th in the first annual FinTech 100 rankings developed by American Banker and Financial Insights. The ranking was based on revenue derived from providing technology to financial institutions.
Commenting on the ranking, Mike Sgroe, president of Fundtech said: "We are delighted and honoured to be part of the prestigious FinTech 100. This industry recognition is a result of our commitment to developing and delivering quality products that address our client's needs. Banks using Fundtech's products have reduced their operating costs through automation (STP), and are offering their clients innovative features that deliver more choices, more convenience, and more control. We have been able to turn industry-leading innovation into proven technology that has set new standards."