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Fundtech Wins The Banker’s Innovation in Banking Technology Award for Best Payments Technology

Global PAYplus Payment Services Hub and Global CASHplus recognised as truly innovative

Fundtech, a market leader in global transaction banking solutions, has won The Banker’s Innovation in Banking Technology Award for Best Payments Technology, announced earlier this month.

The awards are based on research done by journalists at The Banker and determined by a panel of over 20 senior bank technology executives from across the world. Fundtech was recognised for demonstrable innovation in its payment solutions including Global PAYplus® Payment Services Hub (PSH) and Global CASHplus®.

John Beck, technology and trading editor at The Banker, explained: “Few activities are more fundamental to banking operations than payments, but customer requirements in this core activity are growing in scope and complexity, even as regulatory demands soar. A judging panel of more than 20 banking CIOs from across the globe felt that the performance and scalability of Fundtech's comprehensive suite of payments technology helped financial services firms meet these challenges better than any other.”

“Product innovation is a central tenet of our company culture,” said Reuven BenMenachem, Fundtech CEO. “This award from The Banker is very significant because it is voted on by bank CIOs and is recognition of our commitment to innovation. We are dedicated to helping our customers address the industry’s most critical challenges, using technology to improve bank services and achieve operational excellence.”

The Fundtech Payment Services Hub architecture enables banks to consolidate multiple payment system channels into a single view for the end user – drastically simplifying the user experience. The hub meets the need for agility when introducing new products and entering new markets and also minimises the impact on legacy infrastructure while building a future payments platform. This advancement is a direct result of combining SOA with a robust rules engine, which takes flexibility to a new dimension.

Fundtech’s Global CASHplus is a new generation transaction banking platform that offers multicountry cash and liquidity management allowing corporations access and visibility to their entire bank relationship. Corporations benefit from unprecedented levels of global financial control enabling them to optimise their working capital while managing risk and effectively manage financial transactions with global buyers and suppliers.