February 27, 2015 8:30 AM ET

Software

Company Overview of Fundtech Ltd.

Company Overview

Fundtech Ltd. provides end-to-end financial transaction processing software solutions for financial institutions in Israel and internationally. Its payment solutions include PAYplus USA, a payment solution for banks; Global PAYplus to manage payment activities; Global PAYplus-Service Platform; Pan-European PAYplus for Single European Payments Area and the European Central Bank’s Target 2 initiative compliance; Global PAYplus Liquidity Manager to provide centralized control of bank’s liquidity management needs; and PAYplus FTS, a SWIFTReady application for payments processing, message management, and related services. The company’s payment solutions also comprise ACHplu$ to automate processin...

10 Hamada Street

5th Floor

Herzliya,  46140

Israel

Founded in 1991

1,024 Employees

Phone:

972 3 611 6500

Key Executives for Fundtech Ltd.

Co-Founder, Chief Executive Officer, Director and Member of Integration Committee
Age: 53
President, Chief Operating Officer and Director
Chief Financial Officer and Executive Vice President
Age: 56
Corporate Executive Vice President and President of Fundtech Asia-Pacific
Age: 52
Executive Vice President, General Counsel, Secretary and Chairman of Disclosure Committee
Age: 68
Compensation as of Fiscal Year 2014.

Fundtech Ltd. Key Developments

Axis Bank Selects Fundtech's Cash Management Solution Global CASHplus

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.

Standard Bank Selects Fundtech for Corporate Payments

Fundtech Ltd. announced that Standard Bank has selected Fundtech's cash management solution, Global CASHplus, to provide real-time liquidity management, cash flow forecasting, and balance reporting services to its corporate customers. The solution will give the bank the ability to provide its corporate customers with improved liquidity through full visibility into accounts and transactions, as well as the ability to forecast and act on this information.

Republic Bank Selects Fundtech's Solutions for Payment Execution and Advanced Online Services for Corporate Customers

Fundtech announced that Republic Bank will utilize Fundtech's solutions to meet corporate demand for integrated cash management, payment execution and compliance filtering with straight-through processing and end-to-end transparency. Republic Bank will use a combination of Fundtech solutions to provide transaction banking services to its corporate customers through a single vendor. Using a combination of Fundtech's cash management (CASHplus), wire payments (PAYplus Connect) and compliance filtering (Global Compliance Plus) solutions, the bank will enable the initiation and verification of wire transfers, report to the Federal Reserve, record the transaction and provide confirmation to the client in real-time. Fundtech will host these solutions in its industry leading data center, providing Republic Bank with cost-effective service and enhanced data security, while eliminating the need for the bank to add internal technical staff.

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