25 October 2016
Find out more

Philadelphia's Republic Bank turns to Fundtech for transaction banking tech

05 August 2014  |  1958 views  |  0 Source: Fundtech

Fundtech, a market leader in global transaction banking solutions, today announces that Republic Bank, a full-service commercial bank based in Philadelphia, 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.

"In order to deliver a new level of productivity to our corporate customers, Republic Bank will be able to provide sophisticated payments and cash management capabilities," says Rhonda Costello, Executive Vice President and Chief Retail Officer, Republic Bank. "This solution brings added value and streamlined back office operations to our customers while increasing our market penetration."

"Fundtech is excited to add Republic Bank to the roster of customers tailoring Fundtech solutions to serve a specific purpose," says Kyle McGaffey, Head of Sales, Americas, at Fundtech. "The addition of sophisticated payments functionality provides a solid platform for a bank to expand its corporate customer base. By combining three of Fundtech's flagship solutions, Republic Bank will realize smoother interconnectivity and compatibility than would other banks that are working with multiple vendors."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Find out more http://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
8777 views comments | 33 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8614 views comments
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
7919 views comments | 12 tweets | 27 linkedin
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
7889 views comments | 26 tweets | 28 linkedin
The payments cake is growingThe payments cake is growing
7809 views comments | 6 tweets | 11 linkedin

Featured job

Basic £100-120K plus significant MBO and quota Bon...
London based with substantial international travel

Find your next job