NIB Capital rolls out Fundtech system to global operations

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.

The bank has been using the system for transactions and multi-currency cross border traffic at branches in the Netherlands since 2001. It plans to extend its use of the software to automate payments at its London, Singapore and Dutch Antilles operations.

Han Joosten, head of payments and settlements, NIB Capital Bank, adds: "Fundtech has allowed us to replace several payments systems with one global infrastructure that automates our payment processes in all locations."

Fundtech says the bank will also integrate the software with its accounting system for centralised reporting and monitoring.

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