Fundtech Upgrades webBANKER(TM) - Cash Management System for Community Banks.

JERSEY CITY, N.J. -- New Features Enable Community Banks to More Effectively Compete for Deposits and Fee-Based Revenue from Corporate Clients

Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking and securities processing software and services, today announced significant enhancements to its web-based, corporate cash management solution, webBANKER. This affordable solution provides community banks with the features needed to effectively compete in the corporate banking arena.

webBANKER's new features make cash management more convenient for business banking clients, enabling community banks to diversify and expand their deposit base while increasing service-fee revenue. The new features include:

--FEDLine Advantage Compatibility - initiate wire files to the FED;

--NACHA File Creation - NACHA files go to the FED or into the banks' host system, splitting the On-Us transactions;

--ACH Warehousing - ability to build, maintain, send and report ACH batches and transactions that may fall outside the normal processing range;

--EPN 820 Support - electronic data interchange is now more accessible to community banks.

These new features are hosted on a central SQL database sever.

webBANKER's new features further reduce manual handling and processing time, delivering greater efficiency and faster service for corporate clients. Other features include: balance reporting from previous and current day, information reporting, automated invoicing, cash concentration and disbursement, cross-border payments and more.

"Fundtech is committed to leveling the playing field for community banks. We understand their business needs and can offer them a significant competitive edge. We help community banks offer sophisticated business banking services while retaining the lead in personalized service," said Brian Jou, Fundtech's Senior Vice President of U.S. Payments Systems.

webBANKER is easy to install and maintain. It can be operated as an in-house solution or can be outsourced through Fundtech's managed service facility. webBANKER fully integrates with Fundtech's payments system, PAYplus USA(TM).

*** Fundtech has produced a free report, "Building a Commercial Banking Business." To receive a copy of the report, call [phone] or you download it at: www.fundtech.com/fasteasy.

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.