Fundtech and Systar Collaborate to Enhance Control over Payments Management Systems.Partnership Enables Payments Managers to Improve Operational Control and Customer Service in Real Time SYDNEY, Australia -- Fundtech Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FNDT FNDT Friday Night Drinking Thread ), a leading provider of end-to-end corporate banking software and services, today announced a strategic alliance with Systar (Bloomberg: SYSR NM), the leading provider of Business Activity Monitoring See BAM. (BAM Bam (bäm), town (1996 pop. 70,100), Kerman prov., SE Iran, on the intermittent Bam River. Located on the western edge of the Dasht-e Lut, Bam is a trade center in a henna-growing region. Dates and other fruits are also grown; camels are raised. ) solutions, to incorporate comprehensive Systar dashboard controls into its Global PAYplus payments solution. Systar's BAM solutions have recently been rated as a "strong positive" by Gartner in its recent publication, "Marketscope for Business Activity Monitoring Platforms, 3Q 06". The partnership will allow Fundtech clients who manage domestic, cross border, and global payment operations to achieve higher levels of operational control and customer satisfaction while driving down costs. Global PAYplus supports global payments operations that include a complex mixture of intersecting transaction and bulk file payment feeds. These originate from customer-facing and internal bank systems, automated and manual processing steps, and regulatory interdiction INTERDICTION, civil law. A legal restraint upon a person incapable of managing his estate, because of mental incapacity, from signing any deed or doing any act to his own prejudice, without the consent of his curator or interdictor. 2. completed within the tight constraints of customer service level agreements. Global PAYplus also supports banks as they work to consolidate to one, or a few payment platforms, and ensure compliance with new industry initiatives such as the Single European Payment Area (SEPA SEPA® Soft enhancer of percutaneous absorption Therapeutics A technology that enhances transdermal drug delivery. See Transcutaneous therapy. ) and Target 2 - both of which, change the processing ground rules. With an increase in competition as well as complexity, there is the need for banks to be able to identify and anticipate potential problems early. Banks that have implemented BAM gain the ability to identify which payments are at risk of missing internal and external deadlines in real-time, enabling managers to take immediate corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or . "Fundtech's Global PAYplus, was designed to provide end-users and system managers with real-time operational information", says Joe Mazzetti EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition Corporate Development. "Our alliance with Systar represents the integration of two "gold standard" products. This partnership will allow our clients to realize a new level of business performance measurement to improve customer service and reduce costs in their global payment operations through tailored management dashboards. " Laurent Van Huffel, EVP of North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. for Systar said "This alliance with Fundtech will provide customers real-time control Real-time control is a popular term for a certain class of digital controllers. For effective digital control, it is critical that sample time be constant. Real-time control achieves nearly constant sample time. See also
The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. rates, reduce processing costs and avoid penalties for missing cut-offs, significantly improving overall staff and operational efficiency." Systar BAM solution for Payments is used by business analysts, business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets managers and LoB executives to monitor payment process execution through each business step. By leveraging Systar's BAM portfolio, customers can identify abnormal transit times, volume and reject rates and measure business performance by clearing house, reserve bank, customer, sending party and region. By doing so, customers can better manage operational risks and workforce efficiency. Systar has the largest installed base of BAM solutions in the banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry being used to monitor end-to-end, key business processes such as payments, Image Deposit Cash Letter & Exchange, loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and trade processing. 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. With twelve offices on four continents, Fundtech is a significant provider of financial technology throughout the world. Fundtech is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , listed on NASDAQ (FNDT). The company was founded in 1993. For more information, please visit www.fundtech.com. About Systar Systar is the leading provider of Business Activity Monitoring (BAM) solutions for Business and IT Managers. Its BAM portfolio includes four solutions, BusinessVision, ServiceVision, WideVision and OmniVision which enable companies to achieve operational excellence through business process compliance monitoring, risk control and cost reduction. With 180 clients across the globe, including seven of the world's 15 leading banks, Systar is the only pure-play BAM technology investment available on the public market. Systar is quoted on the Euronext Stock Exchange (Bloomberg: SYSR NM) and has offices in North America and Europe. Forward Looking Statements: This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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