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Fundtech Expands Global CASHplus In Europe

Banks can help their corporate customers optimise funds usage across their complex network of account and credit facilities in multiple countries

Fundtech, a global transaction banking solutions provider, has launched Global CASHplus solution throughout the European market. Reportedly, the product, at present, has 13 clients across the Asia-Pacific region, and has recently added two banks in Europe, one of them the National Bank of Greece.

It has been reported that the product’s breadth of cash and liquidity management features can be purchased on a modular basis. Its Web 2.0 user interface enables users to customize portals and it’s multi-country capabilities provide corporate clients with the cross-border transactions and working capital visibility they require, claims the company.

According to Trevor LaFleche, senior research analyst for IDC Financial Insights, said: European Bank 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 favour in the marketplace.

Mark Wilson, managing director of Fundtech’s European business, said: Global CASHplus is perfectly suited for the European market because cross-border commerce is a way of life for companies of all sizes. With Global CASHplus, banks can help their corporate customers optimise 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.