Fundtech Wins Award
Fundtech Wins Award
Fundtech has been named one of the banking industry’s top technology innovators by Bank Technology News, the leading magazine for senior financial technology executives. The 2009 Annual Innovators Ranking recognized Fundtech for its industry-leadership and innovation in transaction banking, specifically with the development of its Global PAYplus™ Services Platform (SP). “Fundtech’s Global PAYplus-SP was selected because it allows banks to take great strides in the degree of service they offer clients around payments at a time when payments is a crucial area of competitive advantage in financial services,” said Rebecca Sausner, editor-in-chief of Bank Technology News. Here is the full press release:
Fundtech Wins Top Technology Innovator Award from Bank Technology News
Innovation in Service-Oriented Architecture Recognized
Jersey City, N.J., December 01, 2009: Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, today announced it has been named one of the banking industry’s top technology innovators by Bank Technology News, the leading magazine for senior financial technology executives. The 2009 Annual Innovators Ranking recognized Fundtech for its industry-leadership and innovation in transaction banking, specifically with the development of its Global PAYplus™ Services Platform (SP).
“Fundtech’s Global PAYplus-SP was selected because it allows banks to take great strides in the degree of service they offer clients around payments at a time when payments is a crucial area of competitive advantage in financial services,” said Rebecca Sausner, editor-in-chief of Bank Technology News
Global PAYplus-SP is the first SOA based payments platform built from the ground-up to accelerate business transformation of bank payment systems. This single platform allows financial institutions to consolidate processing for all payment types; reduce costs by eliminating the waste and duplication of multiple payment silos; and offer consistent service regardless of the payment type anywhere on the globe. Global PAYplus SP will be the foundation for Bank of America Merrill Lynch’s next-generation online banking channel for treasury management.
“Global PAYplus-SP offers banks the most comprehensive approach to implementing SOA across their transaction banking enterprise,” said Michael Sgroe, president and COO of Fundtech. “We worked closely with SOA-leaders, such as IBM and Oracle, on the development of this platform and the result is a quantum leap forward in software development that truly delivers on the promise of SOA for the banking industry. We are delighted to be acknowledged by Bank Technology News for our commitment to innovation and leadership in SOA payments.”
Bank Technology News annually recognizes the innovative people, technologies and processes that move the financial services industry forward. Nominations are solicited from the industry and considered alongside those promulgated by the magazine’s editors. Selection is based on the potential of the technology or company to create positive change in the industry, the relative importance that a given technology has in meeting a pressing industry need and on individual’s demonstrated achievements in bringing innovative ideas to market.
The full rankings can be found on the Bank Technology News website.
For more information on Fundtech, please visit: www.fundtech.com.
