Fundtech Enhances Risk Management, Compliance and Automation With Wide Range of New U.S. Product Features

• Press Release
• Source: Fundtech Ltd.
• On 8:00 am EDT, Monday April 6, 2009

ORLANDO, Fla., April 6, 2009 (GLOBE NEWSWIRE) -- Fundtech Ltd. (NasdaqGS:FNDT - News), a market leader in global transaction banking solutions, today announced a wide range of new features available in its U.S. products that enhance risk management and compliance, extend process automation, and add many customer-facing services.

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New PAYplus USA(tm) features improve the speed and accuracy of screening for sanctioned parties and provide additional automation, lowering operational costs. With the introduction of the PARC (Payments and Research Archive Center) module, financial institutions will have unmatched capability for research and investigations of payments.

With the introduction of Cash Position Worksheets, Fundtech's CASHplus(r) now provides corporate users with an almost instant analysis of their cash positions across all of their banking relationships. The introduction of a Small Business Module will help financial institutions attract new small business customers with a wide range of targeted business services.

Commenting on the announcement, Brian Jou, executive vice president at Fundtech said: ``We are continually expanding our product functionality so that banks can be better positioned for the future. We have focused on enhancing risk management and compliance, improving automation in order to reduce operating costs, and providing many added-value features that banks can use to improve customer service and increase service-fee revenue.''

Notes to editors

PAYplus USA Enhancement

With new enhanced features related to the OFAC Hot List, financial institutions can quickly match new Hot List entries against their existing lists making the process much faster and more accurate, and thus reducing the risk of missing potential violations. With new support for the Accuity Full Global Watchlist, Global Interpol and UN Sanctions lists, PAYplus USA now automates screening of wires for destinations outside the USA, and can impose additional monitoring controls on senders and recipients.

In anticipation of additional reporting requirements from government regulators and greater scrutiny by corporate clients, PARC is able to quickly complete complex queries and produce easy-to-use reports. Financial institutions will be able to use PARC's capabilities to better manage their payments business through in-depth client analysis. The new module includes an optional FinCen Research feature, which provides a quick automated import process, saving a significant amount of manual processing as well as improving accuracy.

PAYplus USA has also been enhanced with a variety of automated features that will speed processing, lowering operational costs and improving customer service:

 * Automated extraction and conversion of ACH payment files into wire
   transfers;
 * Automated alerts for managing the financial institution's Due From
   Fed Account and customer's account for insufficient funds;
 * A rules-based, real-time transaction threshold data monitoring and
   reporting feature.

PAYplus USA has also added Fed Cover Payments, a mandatory change which will be instituted in November.

CASHplus Enhancement

Cash Position Worksheets provide corporate users with an almost instant analysis of their cash positions across all of their banking relationships, enhancing decision making. Banks will welcome the new feature because it offers new service-fee opportunities.

The Small Business Module will enable banks to offer a wide range of targeted small business services and make it more economical to support small businesses with their cash management service versus their retail platform. Simplifying service options and the user interface, as well as streamlined administration will make new customer on-boarding faster and less costly. The module also has enhanced information reporting, and auto-launch data transfer to Quicken(r) & QuickBooks(r).

About Fundtech

Fundtech (NasdaqGS:FNDT - News), 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 http://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, 2007, 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.

Quicken(r) and QuickBooks are registered trademarks of Intuit, Inc.

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