Fundtech Ltd. says that they have added eight new customers to their established ASP (Application Service Provider) client base of more than 80 financial institutions in the US.
Fundtech’s ASP client list for its PAYplus USA and CASHplus payments and banking solutions now includes: Colorado Capital Bank, Community Bank System, Independent Bankers Bank, Doral Bank, First Bank, TierOne Bank, a bank in Montgomery, and a bank in Denver.
Fundtech offers in-house and ASP applications and supports their own internal ASP operations. Services include: payments, cash management, reconciliation, disaster recovery, and post-trade securities processing.
“The addition of these eight banks to our ASP solutions client list is just our most recent milestone,” says Mike Sgroe, the President and COO of Fundtech. “The ASP offering is a key part of our overall strategy, we believe giving institutions a choice allows them to design solutions which best fit their own and their customers’ needs. Increasingly, we see banks finding it more efficient to allow a trusted, experienced vendor to handle their hardware and maintenance up keep. That need for experience is our greatest strength; because we both developed and manage our ASP, and because we have a proven and time tested record in the industry.”