Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking systems and services, today announced the introduction of PAYplus Liquidity Manager, a system that helps banks track and manage their global liquidity more accurately and in real time.
PAYplus Liquidity Manager consolidates all positions into a single system, enabling banks to improve their liquidity control whilst lowering their exposure to risk and errors. With this tool, banks can reduce borrowing costs while maximizing investment income.
PAYplus Liquidity Manager allows financial institutions to automate the collection of transaction information; track liquidity positions from multiple systems and entities; and to actively manage the flow of funds.
"Currently, very few banks have the centralized data and analytical tools needed to forecast intra-day cash positions. PAYplus Liquidity Manager is a comprehensive rules-based solution that meets this need by ensuring more efficient control and management of multi-currency, multi-bank liquidity assets across bank accounts, clearing systems, and central bank channels," states Michael Sgroe, President and COO.
Key features of PAYplus Liquidity Manager include:
- Centralization of liquidity data providing a single point for the collection and concentration of all relevant data;
- Rules-based processing system that can be tailored to the exact processing and operational needs of the bank;
- Multi-banking capability, allowing multiple organizations to use the same system, with sharing of data controlled as per the relationship between these entities and their unique requirements.