First American Bank Utilizes Fundtech For Complete Cash Management Solution.

Business Editors

JERSEY CITY, N.J.--(BUSINESS WIRE)--Dec. 18, 2001

Fundtech Ltd. (NASDAQ: FNDT), a leading provider of global electronic payments, settlement and cash management solutions, today announced that First American Bank will implement a complete end-to-end transaction solution consisting of Fundtech ACCESS(TM), PAYplus USA(TM) and ReconStar(TM) solutions.

First American Bank is a Texas-based community bank with more than 2.5 billion in assets.

"The tremendous growth of customers on our cash management service led us to seek a real-time and fully integrated solution set for its transactions," said Alan Bruton, Vice President, Manager, Cash Management for First American. "We now are able to offer our corporate customers straight through transactions and a complete end-to-end processing of payments with no manual intervention required."

"The fact that First American turned to us for a full-service solution showed their confidence in our ability to deliver tailored, state-of-the-art technology," said Reuven Ben-Menachem, Chairman and CEO, Fundtech. "Long-standing customers, such as First American, know that we are committed to delivering solutions available nowhere else."

First American needed to automate its funds transfer operation to facilitate growth. The funds transfer room currently handles 225 in/out transactions per day, but it is estimated that number will more than double to roughly 500 by the end of 2002, and the number of First American's corporate customers, now approximately 200, is expected to at least double in that period.

Fundtech recommended that First American move to its ACCESS product line, integrating it with two other Fundtech payment products, PAYplus USA and ReconStar. ACCESS is a single server, multi-channel e-banking solution designed for mid- and large-sized banking institutions. PAYplus USA is an Internet-enabled intelligent payment system and ReconStar is a comprehensive reconciliation and transaction matching solution. The resulting package gives the bank's corporate customers the ability to check balances and automatically debit funding accounts.

First American, based in Bryan, Texas with more than 70 branch offices throughout the state, began using Fundtech Banker(TM) and Banker Web products in 1997. In 2000 it acquired the Web delivery channel for Banker, an important step in the bank's progress toward full-service cash management capability.

"With the integrated solution Fundtech provides, our bank will be able to grow its core cash management business, yet continue to offer the services of a community bank," said Bruton.

About Fundtech

Fundtech (www.fundtech.com) is a leading provider of software solutions and services that facilitate payments, settlement and 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.

Fundtech ACCESS, PAYplus USA, ReconStar and Fundtech Banker are trademarks of the Fundtech Corporation. All other trademarks and service marks are properties of their respective owners.