Latest Fundtech News: Finextra Research

Fundtech adds support for BEA WebLogic 8.1

New Jersey-based Fundtech is to upgrade its payments and cash management software in support of the latest release of BEA's WebLogic platform, version 8.1.

09 September 2003

/retail

Bank of Cyprus selects Fundtech for payments processing

Bank of Cyprus is rolling out Fundtech's payments processing platform, Global PAYplus, across its network of branches.

05 August 2003

/Sibos

Fundtech names Argov chairman and Stern member of board

New Jersey-based EFT firm Fundtech has named equity investor Gideon Argov as chairman of its board of directors and has appointed Stanley Stern as member of the board.

23 July 2003

/payments

Fundtech announces new sales, reduced losses

Wholesale payments systems vendor Fundtech has narrowed first quarter losses and kicked off the second quarter with two additional orders for its flagship payments product Global PAYplus totalling approximately $10 million.

01 May 2003

/Sibos

Fundtech benchmarks Global PAYplus

New Jersey-based EFT vendor Fundtech says its Global PAYplus solution processed over a million payments in eight hours, during benchmark tests conducted with Sun Microsystems.

21 March 2003

/retail

BankAtlantic and FundTech deliver cheque imaging for business customers

Florida-based BankAtlantic has integrated FundTech's cash management service with its image provider solution to deliver a Web-based cheque imaging system to its business customers.

18 February 2003

/retail

Brief: Signature Bank selects Fundtech for cash management

Manhattan's Signature Bank has gone live with an integrated cash management system from New Jersey-based vendor Fundtech.

30 January 2003

/Sibos

Fundtech restructures under new COO

New Jersey-based EFT firm Fundtech is to take an additional $900,000 charge in the fourth quarter following fresh staff cuts incurred as a result of a major restructuring under new chief operating officer Michael Sgroe.

03 January 2003

/Sibos

NIB Capital rolls out Fundtech system to global operations

Netherland's NIB Capital Bank is extending its implementation of Fundtech's e-payments software PayPlus to its global branches.

14 November 2002

/retail

Brief: Co-operative bank selects Fundtech for cash management

UK based Co-operative Bank has gone live with Fundtech's cash management solution Cashplus.

01 October 2002

/payments

Fundtech's bbp offers banks SwiftNet migration service

Switzerland-based Biveroni Batschelet Partners (bbp), a Fundtech company and provider of applications and managed services, has announced plans to offer banks the ability to outsource the migration and management of the new SwiftNet messaging service.

01 October 2002

/regulation

Fundtech makes CLS splash at Sibos

New Jersey-based Fundtech has launched PAYplus for CLS Third Party Edition and IOSwaps Manager, two new products for the CLS market designed to help financial institutions eliminate risk associated with cross-currency foreign exchange transactions and manage liquidity requirements.

30 September 2002

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