Thailand's United Overseas Bank deploys Fundtech Global CASHplus

The US vendor says its system combines global cash management with automated financial supply chain features, enabling the bank to offer corporate clients an easy-to-implement, secure, 24x7 environment to manage their cash functions online, including payments, collections and balance reporting.

Global CASHplus covers channel finance and services, collections management, payments processing, receivables management, liquidity management and account reconciliation, says the vendor.

Sanjay Dalmia, MD, Fundtech India, says: "The product's innovative features will enable UOB to offer the industry's most comprehensive and competitive corporate banking service."