Bank Julius Baer in Zurich Selects Fundtech's NOSTROplus and RECONstar Solutions.

Business/Technology Editors

JERSEY CITY, N.J.--(BUSINESS WIRE)--Nov. 7, 2001

Fundtech Ltd. (Nasdaq: FNDT), a leading provider of electronic payments and global cash management solutions, announced today that Bank Julius Baer, one of Switzerland's leading banking institutions, has selected Fundtech's NOSTROplus(TM) and RECONstar software to automate the process of monitoring their correspondent accounts and actively managing their liquidity.

NOSTROplus and RECONstar are treasury management tools based on Fundtech's next generation technology platform. NOSTROplus helps financial institutions boost profitability by effectively managing their cash assets. It facilitates the management of correspondent bank accounts worldwide by enabling the bank to minimize balances at both the account and currency level. RECONstar integrates with NOSTROplus to support the matching and reconciliation of expected cash flows against actual payment activity.

"Bank Julius Baer marks our first NOSTROplus and RECONstar contract in Switzerland. We are delighted to have Bank Julius Baer as one of our clients," said Reuven Ben-Menachem, Chairman and Chief Executive Officer, Fundtech.

"We scanned the market and found no other product with the same functionality as Fundtech's integrated NOSTROplus and RECONstar solutions," said Roman Kessler, First Vice President, Treasury Operations, Bank Julius Baer. "Fundtech's willingness to work within our tight time frame and the functionality of their product will enable us to rapidly achieve significant cost savings, and thus made them the obvious choice."

About Bank Julius Baer

The Julius Baer Group is one of Switzerland's leading banking institutions and manages assets in excess of CHF 140 bn for private and institutional clients all over the world. The Group's services consist mainly of asset management and investment counseling, investment funds for private and institutional investors, institutional brokerage and securities and foreign exchange trading.

About Fundtech

Fundtech (www.fundtech.com) is a leading provider of software solutions and services that facilitate payments and global cash management by enabling businesses and their banks to electronically manage cash, process payments and transfer funds. The Company's client-server and Internet software products automate the process of transferring funds among corporations, banks and clearance systems and enable businesses to manage global cash positions efficiently and in real-time. Its solutions have been sold to more than 700 financial institutions around the globe.

Forward Looking Statements:

Statements included in this Release may contain forward-looking statements. Such forward-looking statements are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may relate, but are not limited, to projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undo reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.

NOSTROplus and RECONstar are trademarks of the Fundtech Corporation. All other trademarks and service marks are properties of their respective owners.