SAN ANTONIO, Texas, Nov. 8, 2010 (GLOBE NEWSWIRE) -- AFP Conference -- Fundtech Ltd. (Nasdaq:FNDT), a market leader in global transaction banking solutions, announced the introduction of major enhancements to CASHplus, the award winning cash management system. Most visible is a complete overhaul of the user interface and the introduction of SmartNav, a breakthrough in user experience that will redefine personalization and productivity.
SmartNav harnesses the power of Web 2.0 technology to offer the treasury professional unparalleled flexibility and ease-of-use.
According to Christine Barry, Research Director at Aite Group: "User experience is one of the most important aspects of any cash management system because it determines the user's level of productivity and satisfaction. Many of the new CASHplus features are innovative and will enhance the user experience."
Speaking about the introduction, Ed Gainer, Senior Vice President of Fundtech's North American cash management business said: "We have redefined the notion of user experience with SmartNav because it provides a new level of convenience, personalization and productivity. We have built upon the existing strong foundation of CASHplus and now are offering the market a cash management systems that can lower operating costs though system consolidation while providing the most innovative user experience – a winning combination."
About Fundtech
Fundtech (Nasdaq:FNDT), was founded in 1993, and is a leading provider of software and services to banks of all sizes around the world. Payments systems include wire transfers, ACH origination, cross-border payments and remittance. Cash management systems are designed for large corporate through small business clients. Fundtech operates the world's largest SWIFT service bureau. We offer an extensive line of financial supply chain applications including electronic invoice presentment and supply chain financing. And we are the leading provider of CLS systems to the world's largest banks. More than 1,000 clients throughout the world rely on Fundtech solutions to improve operational efficiency and provide greater competitiveness through innovative business-to-business services. For more information, visit www.fundtech.com.
Forward Looking Statements:
This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2009, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undo reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.
CONTACT: Metia Inc. Press Contact: (UK) Chanda Gathani +44 (0) 20 3100 3605 chanda.gathani@metia.com Cognito Press Contact: (USA) Binna Kim +1 646 395 6304 Binna.Kim@cognitomedia.com Fundtech Ltd. George Ravich +1-201-215-6530 george.ravich@fundtech.com