Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that it has won the title for Advanced Technology in Celentâs âEvaluating the Vendors of Small Business Online Banking Solutionsâ 2010 Awards. Celent is a leading research and consulting firm in IT and financial services.
The award recognizes Fundtechâs CASHplusÂ® for its high degree of interoperability, security and performance. Areas of particular note are the productâs SOA Services Platform, which was first introduced by Fundtech in 2009. Fundtechâs advances in usability were reflected in the firmâs top GUI flexibility score, highlighting the productâs customization capabilities. Fundtech also scored high in security features due to the companyâs partnerships with Digital Resolve and Vasco as well as the firmâs entitlements capabilities.
Jacob Jegher, Celent senior analyst and author of the report writes, âFundtech takes the crown in the advanced technology category.â He continues, âThe Fundtech [CASHplus] solution excels at traditional cash management functionalityâ ACH and wire payments, reporting and a robust admin tool.â
CASHplus provides a comprehensive set of Internet banking services that empower a corporate customer with secure access to transaction management, along with highly advanced reporting and audit modules. It enables banks to tailor services, fees and branding to the unique needs of various market segments.
âWe are delighted that CASHplus has been recognized by Celent for advanced technology. We continue to invest in the products so that our clients have the most compelling cash management service available in the marketplace. Innovation in cash management is a core strength of Fundtech,â said Ed Gainer, Senior Vice President of Fundtechâs cash management business unit.