Fundtech Wins the Banker Technology 2004 Award for Best Cash Management Solution; CASHplus Named as Best Cash Management Solution in Wholesale Markets

JERSEY CITY, N.J.--June 1, 2004--Fundtech, (NASDAQ: FNDT), a leading provider of payments, cash management and settlement software, today announced that it has won an award from The Banker magazine for the best cash management solution in wholesale markets. Fundtech won the award for CASHplus(TM), its cash management platform, which helps banks increase customer acquisition and retention in multiple market segments.

The Banker, part of The Financial Times Group, awards innovative technology vendors who have made a real contribution to advancing shareholder value and customer service within the last 12 months. The awards were judged by a panel of leading, highly respected industry commentators.

According to The Banker: "Fundtech's effort to renew traditional systems with a totally new, platform-independent cash management system is commendable... Also notable are the returns on investment and benefits observed by client organizations."

CASHplus' key differentiating technology is called uCustomize, which is used to rapidly develop multiple service versions tailored to the unique needs of the bank's small business, middle-market and large corporate segments. All versions are run on a single platform, improving efficiency and eliminating the need to support multiple platforms for each market segment. Its web-based services eliminate software costs, and customer self-service functions reduce
administration expense.

CASHplus has been highly rated by industry analysts. Celent reported in its December 2003 report entitled Ranking the US Vendors of Cash Management Solutions 2003: Survival of the Fittest, "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."

Paul Campbell, Senior Vice President of the Fundtech's Cash Management Business Unit says, "We are delighted that CASHplus has been recognized as the best cash management solution on the market by The Banker. We are encouraged by the positive results our clients report as they roll out CASHplus, and are happy to see market demand for the product increase."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development