Fundtech Expands SWIFT Corporate Access with Support for New Closed User Group Category.

JERSEY CITY, N.J. -- Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking software and services, today announced its support for SWIFT's new Corporate Access program. As a leading SWIFT service bureau provider for SWIFT's Member Administered Closed User Group (MA-CUG) model, Fundtech will directly benefit from the expansion of corporate access to the SWIFT network.

The decision to create a new category of corporate access that facilitates connection to multiple banks will simplify corporate setup and use of the SWIFT network. Corporations participating in the new category will benefit from more efficient communications with their banks, improving their ability to manage working capital and initiate transactions.

Michael Sgroe, Fundtech President and COO said: "We support SWIFT's decision to create a new category of corporate access to their network. We believe that simplified access to multiple banking relationships will enhance the value that corporations can derive from SWIFT, and will result in greater corporate participation."

Luc Meurant, Head of Corporate Access Programme from SWIFT said: "We look forward to working with Fundtech as we roll out the new model for Corporate Access. Service providers such as Fundtech will play an important role to enable the corporate community to benefit from this new, simplified access to the SWIFT network."

About Fundtech

Fundtech Ltd is a leading provider of software solutions and services to financial institutions around the world. The Company develops and sells a broad array of products across the "financial supply chain" that enable banks to automate their corporate banking activities in order to improve efficiency; while providing their customers with more choices, more convenience and more control. Fundtech offers products in four major categories: cash management, payments, settlements and financial messaging. Fundtech has recently expanded its product line with a securities post-trade settlement processing system.

With twelve offices on four continents, Fundtech is a significant provider of financial technology throughout the world. Fundtech is a publicly traded company, listed on NASDAQ (FNDT) and the Tel Aviv Stock Exchange. The company was founded in 1993. For more information, please visit www.fundtech.com.

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.