Initially, PROFILE will be the outlet for Fundtechâs SEPA offering in the area. With Romania and Bulgaria joining the European Union this year, both countries will be looking to ensure they meet European Central Bank (ECB) guidelines for payments processing. In addition, the distributor will act as re-sellers for Fundtechâs financial supply chain products, Transact Cash In and Transact Cash Web, which improves bank-to-corporate working capital efficiency. Fundtechâs SWIFTNet Service Bureau solution will also be available enabling corporate connectivity to SWIFT.
âWe selected PROFILE as a preferred partner because the company has extensive local knowledge of banksâ needs in these countries and a strong track record in selling to these markets,â commented Joe Mazzetti, EVP, Corporate Development, Fundtech. âPROFILE has proven its credentials as a tier-one software provider for institutions in geographies we see as key to our continued expansion. We can also benefit from its development, implementation and sales resources in locations which would have been less accessible without the local knowledge. This expertise has already led to a number of new prospects.â
Mr. Charalambos Stasinopoulos, CEO of PROFILE stated, âWe are excited to be able to offer Fundtechâs market leading product suite to our customers. Fundtech has worked with the most innovative banks around the world for many years - this experience and the companyâs continued dedication to meeting and exceeding market requirements in Europe, such as SEPA, is attractive to many institutions we work with in Greece, Cyprus, Romania and Bulgaria. PROFILE via this partnership expands its existing portfolio to offer high end systems for cash management to large banking organizations in the region, and along with its long-standing experience, to provide the support and consultation they need.â