Fundtech Wins the Banker's Innovation in Technology and Transaction Banking Award for Best Payment Technology
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Press release date: September 6, 2013
Fundtech's Global PAYplus Solution Honored for Its Role in Enabling Bankgirot's Real-Time Payments Solution
JERSEY CITY, N.J. -- Fundtech, a market leader in global transaction banking solutions, has won The Banker's Innovation in Technology and Transaction Banking Award for Best Payments Technology.
Fundtech received the honor for its Global PAYplus solution and the role the product played as the core processing engine for Bankgirot, a European clearing house operative within the Swedish market. Using Global PAYplus, Bankgirot, through its Payments in Real Time (PRT) system, was able to deliver the world's first real-time mobile payments clearing solution to the Swedish market.
The awards are based on research done by journalists at The Banker and determined by a panel of CIOs and CTOs from 20 of the world's largest bank.
"The Banker surveyed leading CIOs to pick its technology provider award winners," said Brian Caplen, editor of The Banker. "For payments technology they chose Fundtech on the basis of its excellent Global PAYplus Service Platform for high value, mass and immediate payments. The system's key features are a 24-hour real-time service and its integration with other data and systems which cuts down on risk. Congratulations to Fundtech on this triumph."
"With the implementation of a real-time payments system, Bankgirot achieved its goal of providing a unique payment platform that improves customer service and helps cement its market-leading position," said Gene Neyer, SVP, Product Management at Fundtech. "This helps propel Bankgirot, its partner banks and Sweden toward the goal of achieving a cashless society. Further, it helps advance Immediate Payments as the new standard in the payments industry, worldwide."
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech's customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm's major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. The firm is also the world's largest SWIFT service bureau operator. Thousands of financial institutions and companies worldwide rely on Fundtech's innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.
Bankgirot is a European clearing house tasked with delivering market-leading solutions in the payments area that increase customers' competitiveness. As the only clearing house for mass payments in Sweden, Bankgirot has a central role in the Swedish payments infrastructure and processes the great majority of these types of payments. Bankgirot's operations were founded in 1959 and today the company employs about 240 people. Bankgirot is owned by SEB, Swedbank, Handelsbanken, Nordea, Danske Bank, Skandiabanken and Länsforsäkringar Bank. For more information please visit www.bankgirot.se.
Patrick Kilhaney - Fundtech