Fundtech Rolls Out CASHplus Version 2.2 to 12 Banks; CASHplus to be Marketed to Fundtech's 300+ Existing Cash Management Clients and the General Market

JERSEY CITY, N.J.--Feb. 4, 2004--Fundtech Ltd.

(NASDAQ: FNDT), a leading provider of cash management, payments, and settlement software and services, announced today the rollout of CASHplus version 2.2, the industry's leading cash management software solution. The product has important new features such as: Windows 2000 support, funds transfers, and ACH.

Enhancements have also been made to uCustomize, the product's most differentiating technology, which is used to quickly and easily develop customized service versions tailored to support the needs of the bank's small business, middle-market and large corporate segments.

CASHplus has been highly rated by industry analysts. Celent reported in their December 2003 Ranking of US Vendors: "Bank customers have described the solution as intuitive and very international, with a consistent interface." Adding: "Fundtech customers have praised the uCustomize module for being easy to use and enjoy the individual attention provided by Fundtech. Fundtech's reputation continues to be strong in the cash management space and the company remains one to watch over the next year."

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