Company Overview of Fundtech Ltd.
Fundtech Ltd. develops transaction banking solutions that automate payments, cash management, financial messaging, and merchant services worldwide. Its payment solutions include Global PAYplus, a payment platform that integrates various payment types, currencies, and systems; PAYplus USA that provides wire transfer automation solution for the U.S. national and regional banks; and PAYplus FTS (Europe), an integrated application for processing various European national and international financial payments. It also offers PAYplus for CLS that provides integrated CLS services; ACHplus, an ACH processing solution; OrigiNET that spans the range of ACH transactions; Bacsactive-IP that handles vario...
New York, NY 10005
Founded in 1991
Key Executives for Fundtech Ltd.
Co-Founder, Chief Executive Officer, Director and Member of Integration Committee
President, Chief Operating Officer and Director
Executive Vice President of International Payment Solutions Delivery
Senior Vice President and Head of North America Services
Compensation as of Fiscal Year 2014.
Fundtech Ltd. Key Developments
Fundtech Ltd. Announces Earnings Results for the Year of 2014
Mar 31 15
Fundtech Ltd. announced earnings results for the year of 2014. For the year, the company reported revenues of $263 million and earnings before interest, taxes, depreciation, and amortization of $68 million.
DH Corporation, Fundtech - M&A Call
Mar 30 15
To enter into a definitive agreement to acquire Fundtech
Axis Bank Selects Fundtech's Cash Management Solution Global CASHplus
Oct 15 14
Fundtech announced that Axis Bank, has gone live with Fundtech's cash management solution, Global CASHplus, for remittances. The solution enables Axis Bank to efficiently process cross border remittances by automating the money transfer process for retail customers. Using the solution Axis Bank will achieve greater operational efficiency, improved control, and be able to offer its customers a differentiated customer experience. The solution also gives Axis Bank the capability to process higher transaction volumes helping the bank to capture a larger market share in the fast growing remittances business. Fundtech's remittance solution is also compliant with the requirements set forth in the amended Dodd-Frank Act for foreign remittance transfers. The service, branded as AxisRemit, allows Axis Bank to accept inward remittances from Canada, Hong Kong, Singapore, the United Arab Emirates, the United Kingdom, the United States and the 18 European countries that use the Euro. Using AxisRemit, a remitter can choose from any funding method -- ACH, online transfer or Smartwire. The remitter can then deposit the funds into an Axis Bank bank account, or electronically transfer the funds to another bank account.
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March 30, 2015