Fundtech’s Global CASHplus Chosen by 12 Banks in Asia

Beijing - 11 May 2009

Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that 12 banks across five countries in Asia have contracted to use Global CASHplus.

Global CASHplus (GCP) is Fundtech’s next generation transaction banking solution that combines comprehensive global cash management with the full range of automated financial supply chain features. GCP is gaining momentum because it provides a complete solution for corporations who need to manage their working capital on a global basis particularly while the challenging operating environment is increasing pressure on financial supply chains. Across Asia, many banks are turning to cash management solutions which incorporate automated financial supply chain technology, to help their clients access hidden liquidity caught up in unpaid invoices or inefficiencies in the chain. GCP is the product of choice, as banks in Thailand, Indonesia, Malaysia, Philippines, and India have already leveraged Fundtech’s technology to strengthen the services they are offering to their corporate clients.
Gil Gadot, Fundtech’s managing director, Asia-Pacific, said, “The momentum we are experiencing throughout Asia-Pacific is in response to Global CASHplus’ comprehensive set of features, and its ability to meet the wide range of needs of multi-national corporations. With over 400 employees in five offices throughout the region, Fundtech is well positioned for growth in Asia-Pacific.”

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