Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking software and services, today announced they will host a series of educational briefing sessions in 2007. These sessions aim to raise corporate treasurerâs awareness of the benefits to establishing connections with their banks through SWIFTNet, SWIFTâs Internet Protocol (IP) messaging platform.
At the seminars, Fundtech, in their continuing support of SWIFTâs corporate access plan, will convey the technology challenges and implementation options available to corporations. Corporations will be better equipped to make a decision based on the needs of their organisation â this is possible by comparing the benefits of establishing an in-house SWIFT infrastructure, versus outsourcing this activity to a SWIFT service bureau.
Corporates can now communicate securely with multiple banks through SWIFTNet, using common messaging standards. This presents the opportunity corporates have been waiting for - to move away from maintaining an array of proprietary banking connections and to streamline corporate-to-bank communication through a single interface. Currently corporates, with numerous bank connections that utilize multiple ERP systems, are struggling to gain transparency into their true financial position.
Michael Sgroe, Fundtech President and COO said, âFundtech is dedicated to enabling corporates to improve payment instruction quality. By working with SWIFT on the briefings, we are demonstrating our drive to react to changing market needs and provide corporates with the means of connecting to SWIFTâs single, secure and reliable platform.â
Luc Meurant, Head of the Corporate Access Programme for SWIFT said, âSWIFTâs new corporate access model brings two major benefits to corporates: easier administration and higher standardisation. This further reinforces the value which corporates can capture by using SWIFT. We are pleased that Fundtech, as a solution partner, is delivering briefings that will explain both the benefits corporates derive from SWIFT and how service providers like Fundtech can help them best take advantage of their connectivity options.â
The briefings will take place in Mumbai, New York and Zurich in 2007. A white paper, titled âMoving SWIFT Corporate Access Forward: Benefits and Connection Choices for New Users,â will be given to each participant. The sessions will be hosted by speakers from SWIFT and Fundtech and feature keynote speeches from banks.