Fundtech Signs 50th SWIFT Corporate Client within 3 years

September 15, 2011  |  Uncategorized

FUNDtech 230x200After three years of rapid growth in its corporate business, Fundtech (NASDAQ: FNDT) signed its 50th corporate client for its SWIFT services. The 50 clients now on the Fundtech’s ServiceBureau include major global corporations such as: Unilever, Carlsberg Group, and Coca-Cola Hellenic.

It is both an important milestone as well as a signal that corporations are showing increased interest in communicating with their banks via SWIFT. Fundtech believes that corporations as they seek to simplify and standardize these connections to automate and lower costs, following the global financial crisis.

Quotes
Ben Schol, Subject Matter Expert SAP & Treasury at Unilever:

“When we operated our SWIFT connection in-house it was complex and expensive, requiring on-staff specialists to maintain it. We decided to outsource to Fundtech in order to simplify our operations and achieve the reliability that we require. The switch to the Fundtech ServiceBureau was transparent to our end-users.”

Theis Jensen, Treasury Manager of Carlsberg Breweries A/S:

“Communicating with our banks via a standard SWIFT interface will enable us to reduce operating costs by eliminating proprietary bank connections and achieving higher STP (Straight Through Processing) rates. By outsourcing to the Fundtech ServiceBureau we are able avoid the investment in an in-house capability and we will benefit from their experience.”

Bart Jansen, Director of Treasury & Risk Management for Coca-Cola Hellenic:

“SWIFTNet connectivity helps Coca-Cola Hellenic reduce complexity, driving standardization and efficiencies across the group. Our decision to work with Fundtech was logical given their strong track record with corporates and experience with SAP Treasury integration.”

Fundtech


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