Fundtech's Service Bureau for SWIFTNet Retains Worldwide Leadership.

JERSEY CITY, N.J. -- Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end wholesale banking systems and services, today announced that its SWIFTNet Service Bureau successfully migrated 90 clients to the new SWIFTNet IP-based messaging platform well ahead of the January 1 2005 deadline, and that during the first quarter of this year became one of the world's top volume processors with an average of 45-50 thousand SWIFT messages per day. In addition to processing SWIFTNet messages, Fundtech has helped launch one of the industry's first Member Administered Closed Access Groups (MA-CUGs) and is supporting FileAct, a new bulk processing feature of SWIFTNet.

Fundtech operates it's SWIFT business in Europe through its subsidiary, Biveroni Batschelet Partners AG (bbp), located in Baden Switzerland. In addition to operating the world's largest service bureau for SWIFTNet, the company has installed its SWIFT connectivity software in 100 banks, and is the SWIFTNet connection for Cable & Wireless' Real Time Nostro system.

"The migration to SWIFTNet has been an important step in the advancement of worldwide financial services. Financial institutions can now leverage the economies of the IP technology, making the most of the security and standards that SWIFT offers. We are encouraged by the growth in our business and the market for SWIFTNet services," said Reuven Ben Menachem, Fundtech's CEO.

"The transition to SWIFTNet is an important evolutionary step for SWIFT that delivers a new level of efficiency and flexibility in automation. Financial institutions and their service providers now have the opportunity to take advantage of many new services supporting a variety of new business areas. Service Bureaus play an important role in this evolution since they are enabling our end users and extending the reach of SWIFTNet," said Thomas Ramadan, Regional Director SWIFT Switzerland.

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 products are designed to increase efficiency while enabling banks to better serve their corporate clients. Fundtech operates the world's largest SWIFTNet service bureau through its Swiss subsidiary bbp; and the company is the leading developer of CLS systems having been selected by 20 of the CLS Settlement Members Banks. Fundtech was established in 1993 and is a public company listed on the NASDAQ and the Tel Aviv Stock exchange.

Forward Looking Statements:

This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. 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 its Annual Report on Form 20-F for the year ended December 31, 2004, 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.