Fundtech Ltd., a transaction banking solutions, announced the availability of its highly successful Global CASHplus solution throughout the European market. Currently the product has 13 clients across the Asia-Pacific region, and has recently added two leading banks in Europe, including the National Bank of Greece.
The success of Global CASHplusin Asia-Pacific has been due to its comprehensive set of advanced features that offer banks an edge in the highly competitive cash management business. Most importantly: the products breadth of cash and liquidity management features that can be purchased on a modular basis; its advanced Web 2.0 user interface that enables users to customize portals; and its multi-country capabilities that provide corporate clients with the cross-border transactions and working capital visibility they require.
According to Trevor LaFleche, Senior Research Analyst for IDC Financial Insights: “European banks are managing their corporate application portfolio more closely than ever. Offerings that can help banks improve their service from the interface and across the key lines of business that need refreshing will win favor in the marketplace.”
Global CASHplus is perfectly suited for the European market because cross-border commerce is a way of life for companies of all sizes, says ark Wilson, managing director of Fundtechs European business. With Global CASHplus, banks can help their corporate customers optimize funds usage across their complex network of account and credit facilities in multiple countries, and ultimately provide effective working capital management via integrated cross-border cash and liquidity management services.
Global CASHplus offers a complete solution for corporate clients to manage SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). Its J2EE technology and SOA enabled modules ensure the flexibility that modern banking systems require, says Sanjay Dalmia, CEO of Fundtech India.
D.C.