JERSEY CITY, N.J., Oct. 7, 2013 (GLOBE NEWSWIRE) -- Fundtech, a market leader in global transaction banking solutions, earned three "Best-in-Class" designations for its cash management solutions in CEB TowerGroup's annual Commercial Online Banking Technology Analysis.
Fundtech's Global CASHplus, a global cash management solution able to support the complex needs of multi-country regional and large domestic banks worldwide, was named "Best-in-Class" in three product categories: Core Functionality, User Experience, and Design & Security. The report, released September 25, 2013, evaluates commercial online banking solutions across four dimensions: product functionality, usability, enterprise support and design and security.
"Global CASHplus is a configurable online banking solution with granular support for all commercial lines of business," says Joanne Pollitt, Senior Director, CEB TowerGroup. "We expect the solution, initially marketed towards large and mid-sized global banks, to quickly gain notice in the North American market, among banks in search of robust cash management capabilities."
"Fundtech is honored to be recognized by CEB TowerGroup analysts for its cash management solutions," says Gil Gadot, Head of Fundtech's cash management solutions. "Our team has worked hard to deliver an industry-leading solution capable of supporting the entire span of transaction banking and treasury."
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About Fundtech
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech's customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm's major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech's innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.