MANHATTAN'S SIGNATURE BANK LAUNCHES FUNDTECH CASH MANAGEMENT SOLUTION

Signature Bank Leverages Fundtech Solution and Interface to Reap the
Benefits of an Automated Cash Management Environment

JERSEY CITY, N.J., - January 29, 2003, - Fundtech Ltd. (NASDAQ: FNDT), a
leading provider of global electronic payments, settlement and cash management solutions, announced today that Signature Bank is live with Fundtech's cash management solution. Signature Bank, which has grown to rank among the top five percent of commercial banks in the United States based on its $1.13 billion in total assets, provides a single point of contact for personalized financial service, including full cash management solutions through its relationship with Fundtech.

Signature Bank leverages a Fundtech interface, which connects to the bank's
Direct Deposit Accounting System (DDA). With Fundtech's integrated cash
management solution, Signature is able to provide improved and expanded
services to its client base at low cost.

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