Monday September 6, 9:00 am Eastern Time
Company Press Release
Fundtech Announces Internet-Enabled, Next Generation Electronic Payments, Electronic Banking and Treasury Management Solutions At SIBOS '99
Fundtech's NT Offerings Extended to Operate On Multiple Platforms
JERSEY CITY, N.J.--(BUSINESS WIRE)--Sept. 6, 1999-- Fundtech Ltd. (Nasdaq: FNDT - news), a leading provider of electronic payment and cash management systems, today announced its participation at SIBOS '99, S.W.I.F.T.'s annual conference and exhibition. SIBOS takes place September 13-17, 1999 at the International Congress and Fair Centre, Munich. Fundtech will occupy stand 2165.
At SIBOS Fundtech will demonstrate for the first time its Internet-enabled, electronic payments solutions for Windows NT and UNIX platforms. In addition, Fundtech will be launching PAYplus CLS(TM), NOSTROplus(TM), and enhanced versions of its existing solutions. The systems are all multi-currency, multi-lingual, web-enabled and operate in real-time.
Global CASHstar(TM) - an Internet-based corporate cash and treasury management solution that manages multiple bank relationships and global cash positions in real time and allows corporations to integrate internal workflows with payment activity throughout the organization.
ACCESS.pro - a robust electronic banking solution supporting a complete set of cash management services through a full range of delivery channels, including the Internet.
PAYplus RTGS- an integrated, multi-currency payments system that automates real-time gross settlement, S.W.I.F.T. messaging and liquidity management. Enhanced solution to be demonstrated, including new-generation Graphical User Interface (GUI).
PAYplus CLS - an inter-operable FX payment and settlement service designed for CLS Bank settlement members, user members and 3rd parties.
NOSTROplus - a nostro management solution to help manage multiple correspondent bank account positions worldwide, in real-time.
Fundtech has increased its participation at SIBOS for 1999, reflecting the significant success the company has enjoyed in the global electronic payments and electronic banking industry over the past year.
Reuven Ben-Menachem, Fundtech's Chairman and CEO, said, ``This year, Fundtech has continued its global expansion, adding new offices in London, Sydney and Zurich. In parallel, Fundtech's client base has grown considerably to over 300 banks worldwide. The technological developments to our Internet-enabled, standards-based solutions for payments, electronic banking, and treasury management applications have also been significant, and thanks to the broadening of Fundtech's solutions to operate on multiple platforms, leading financial institutions with high-volume trading operations are increasingly adopting Fundtech's solutions.'
Swiss electronic payments specialists, Biveroni Batschelet Partners AG, newly acquired by Fundtech, has helped extend Fundtech's increasing dominance of the European payments market and will also be present on Fundtech's stand.
About Fundtech
Fundtech is a leading provider of software solutions that facilitate e-commerce and e-banking by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. The Company's client/server and Internet software products automate the process of transferring funds among corporations, banks and clearance systems and enable businesses to manage global cash positions efficiently and in real-time. Fundtech's proprietary innovative software architecture, based on the Windows NT and UNIX operating systems, provides modular, scalable and secure solutions. Its solutions have been sold to more than 300 financial institutions across the globe.
Certain statements contained herein, including statements regarding the development of the Company's services, markets, product functionality and year 2000 compliance and future demand for the Company's products services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, dependence on key personnel, ability to effectively manage growth, risks associated with rapid technological advances, risks associated with possible acquisitions, any integration of those acquisitions into the company's present business, risks associated with the Company's strategic partnerships, various project associated risks, including Internet projects, substantial competition, risks associated with intellectual property rights, risks associated with international operations and other risk factors listed from time to time in the Company's filings and reports.
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Contact:
Fundtech Ltd., Jersey City
Michael Carus, COO & CFO
+1 201 946 1100
or
Write Image, London
Julia Gregory
Tel: +44 (020) 7493 5400
Email: julia@write-image.co.uk
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