FUNDTECH and AURUM TECHNOLOGY FORM STRATEGIC ALLIANCE TO IMPROVE BANKS' AUTOMATION AND STRAIGHT THROUGH PROCESSING (STP) RATES

Companies Enter into an Agreement to Integrate Fundtech's PAYplus USATM with
Aurum's MISER* Enterprise Automation System

JERSEY CITY, NJ, - July 31, 2002 - Fundtech Ltd. (NASDAQ: FNDT), a leading
provider of global electronic payments, settlement and cash management solutions, today announced that it has formed a strategic alliance and
signed a partnership agreement with Aurum Technology, a leading provider of
information technology services to community and mid-tier financial
institutions. Under the agreement, Aurum will promote Fundtech's PAYplus
USA product to its MISER software customer base.

The two companies will integrate Fundtech's PAYplus USATM funds transfer
payment system with Aurum's MISER Enterprise Automation System. By
integrating the two solutions, banks can leverage two complementary systems
to streamline and automate many functions associated with wire-transfer
actions in a real-time processing environment. In doing so, banks will
realize reduced operational costs, as well as a reduction in operator and
system errors.

"Aurum is taking an active role to ensure our customer base has the
technology necessary to effectively compete with other financial
institutions on a daily basis," said Santo Cannone, president of Aurum's
MISER Division. "PAYplus supports these efforts by allowing our customers to
automate the wire-transfer payment process and the associated database and
reporting functions."

PAYplus USA is a new generation, intelligent funds transfer solution that
helps financial institutions process payments more efficiently and
cost-effectively. The solution's unique features include an enhanced user
interface that allows an institution to customize the workflow design to
meet its own needs, as well as a flexible and scaleable three-tier design
with separate database components. The scaleable design allows for new
features and functionality to be added. In addition, the solution's
rules-based logic allows a bank to accommodate a wide variety of existing
business practices while reducing errors.

MISER merges the flexibility of client/server technology with the stability,
reliability, and power of an enterprise server. MISER is built around a
single, integrated database that encompasses all customer relationship
information in a single view and also offers rich data mining capabilities.
MISER's flexibility also includes Aurum's commitment to continually upgrade
the software to meet changing market conditions and customer expectations
and an open architecture design, which facilitates third-party software
integration.

"Fundtech continuously strives to bring its customers, as well as the
banking community at large, best of breed solutions to achieve the
efficiencies of automation and integration," said Reuven Ben Menachem,
Chairman and CEO, Fundtech. "We have partnered with Aurum to not only
extend our sales reach and bring more banks the benefits of PAYplus USA, but
to integrate our new generation solution with MISER to help banks meet their
overall daily processing needs and allow them to improve their straight
through processing (STP) rates."

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