Fundtech Ltd., a market leader in global transaction banking solutions, announced that it has significantly expanded its SOA Services Platform introduced in 2009. Fundtech has added a wide range of cash and liquidity management services derived from its Global CASHplus(r) product; completed the web service interface for its financial messaging suite, as well as making it fully SOA compliant.
Fundtech continues to invest in its Services Platform, an initiative that began several years ago, and was introduced last year with Global PAYplus(r) - Services Platform and the Payment Services Hub. Fundtech's Services Platform has been installed in two major European banks as well as Bank of America.
Today's announcement from Fundtech is part of a company-wide transition to a services-based approach that transforms all of Fundtech's transaction banking products into an integrated suite of SOA services including payments, cash and liquidity management, financial messaging, and financial supply chain. Fundtech has developed a single shared-services framework that is platform independent, based on an open architecture and XML-based data model, ensuring compatibility with bank-developed and third-party SOA-based services.
"Our Services Platform is one of the most important initiatives at Fundtech because it has the potential to offer unmatched results to our clients. With the flexibility, speed-to-market, and cost savings of our SOA platform, banks who adopt our technology will have the competitive edge," said Michael Sgroe, President and COO of Fundtech.