Fundtech Wins Financial-I Innovation Award for Payment Processing
02 Feb 2011
Newly introduced Mobile ACCESSplus and CASHplus SmartNav cited as truly innovative.
Jersey City, NJ, February 01, 2011 – Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that it has won the Innovation for Payment Processing award in Financial-I’s 5th Annual Leaders in Innovation competition.
The award recognizes a company with demonstrable innovation in business solutions for payments challenges. Fundtech was recognized for its Mobile ACCESSplus™ and CASHplus® SmartNav™ solutions that were introduced in 2010.
Anita Hawser, Editor of Financial-I, comments, “Competition this year was very tough. We selected Fundtech for their innovation in payment processing because of their ongoing commitment to developing cutting edge technology that represents the future of the transaction banking business.”
Mobile ACCESSplus is the first mobile platform designed specifically for corporate electronic banking. It is an extension to Fundtech’s Services Platform, a SOA services-based approach that consolidates all of Fundtech’s transaction banking products into an integrated suite of SOA services. CASHplus SmartNav redefines the user experience by harnessing the power of Web 2.0 technology to offer the treasury professional a new level of convenience, personalization and productivity.
Financial-I’s Leaders in Innovation annual awards are given based on research by Financial-I’s journalists and input from an advisory panel, which includes industry analysts, consultants, and experts. Recipients of the award are global transaction banks and financial software and hardware providers that, within the span of the previous 12 months, have excelled in providing innovative business solutions.
“Product innovation is a central tenant of our company culture,” said Rhys Jones, Chief Innovation Officer of Fundtech. “Working closely with our customers, Fundtech is able to address the industry’s most critical challenges, enabling technology to improve bank services and achieve operational excellence.”