Survey of banking executives reveals outsourcing as key focus for 2004 Fundtech gets bank executives' feedback on topical issues

London, 13 January 2004 - Fundtech Ltd. (NASDAQ: FNDT), a leading provider of payments, settlement and cash management software and services, held their second International Client Forum in London on 11 December, 2003. The event was attended by senior executives from 20 leading global banks who manage wholesale payments and foreign exchange settlement (CLS) systems. During the event, Fundtech conducted a live interactive survey, which resulted in real-time opinions on hot topics in the industry.

Issues surveyed at the forum comprised some of the key industry trends for
2004. Key findings of Fundtech's survey include:

- 53% of the respondents expect to increase their spending on outsourced applications and processing over the next three years. This is consistent with recent research from TowerGroup that projects outsourcing in the payments segment to increase significantly faster than the overall industry with a predicted growth rate of 6.5%.
- 45% of the respondents see Real-Time Nostro as the initiative with the biggest impact on their business in the long term.
- 57% of the respondents are planning to use SWIFTNet beyond
traditional FIN messages as of 2004/05. This could include cash reporting
and FIX Services.

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