Fundtech signs European banks to Global Cashplus

Fundtech signs European banks to Global Cashplus

Fundtech has signed National Bank of Greece and another, unnamed, European financial institution, to its transaction banking system, Global Cashplus.

The vendor says its modular system offers banks a breadth of cash and liquidity management features. A Web 2.0 interface enables users to customise portals while its multi-country capabilities provide corporate clients with the cross-border transactions and working capital visibility they require.

Fundtech initially pushed the technology in Asia Pacific but says it is now also targeting the European market, highlighting its ability to help corporate clients manage Sepa credit transfers and direct debits.

Mark Wilson, MD, European business, Fundtech, says: "Global Cashplus is perfectly suited for the European market because cross-border commerce is a way of life for companies of all sizes. With Global Cashplus, banks can help their corporate customers optimise funds usage across their complex network of account and credit facilities in multiple countries, and ultimately provide effective working capital management via integrated cross-border cash and liquidity management services."

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