19 March 2018

Fundtech renames Accountis

28 September 2010  |  2153 views  |  0 Source: Fundtech

Fundtech Ltd. (Nasdaq:FNDT), a market leader in global transaction banking solutions, today announced that Accountis Ltd has been fully integrated into a new operating unit with other Fundtech subsidiaries focused on financial supply chain products and services, and as a result, has changed its name to Fundtech FSC Ltd.

Fundtech acquired Accountis in February 2008 to extend its financial supply chain product line. The change will consolidate Accountis products and personnel into an operating unit that will offer seamless integration of the company's financial supply chain solutions including corporate cash & liquidity management, electronic invoice presentment and trade services. Accountis EIP is the new name for Fundtech's electronic invoicing presentment products and services for corporates and financial institutions worldwide.

Fundtech FSC also is a leading provider of UK Bacs payments software with over 8,000 corporate users and more than 2,000 direct clients. Bacsactive-IP is the name for Fundtech's Bacs payment product suite for corporates and financial institutions in the UK.

According to Gil Gadot, managing director of Fundtech's Financial Supply Chain Services strategic business unit: "By bringing together all of Fundtech's financial supply chain solutions into a single business unit we are able to offer the market the broadest line of seamlessly integrated products and services. This emerging field will become increasingly important as banks and corporations seek new ways to improve operating efficiencies related to cash flow operations and improve liquidity management."

Dyfan Williams, Managing Director of Fundtech FSC, adds: "Offering a treasury management system with integrated electronic invoice presentment gives banks the opportunity to serve their business customers well with tools that can deliver greater efficiency and visibility. Our UK clients will gain additional benefits from our Bacsactive-IP system."

Fundtech FSC is based in Bangor, Wales in the United Kingdom.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukvisit www.ebaday.com

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
8803 views comments | 27 tweets | 37 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8342 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7156 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
7114 views comments | 15 tweets | 28 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job