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Fundtech to Deliver SWIFT Corporate Access Briefings in 2007.


Corporates to Learn the Benefits of Streamlining Their Corporate-to-Bank Communications via SWIFT

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 they will host a series of educational briefing sessions in 2007. These sessions aim to raise corporate treasurer's awareness of the benefits to establishing connections with their banks through SWIFTNet, SWIFT's Internet Protocol See Internet and TCP/IP.

(networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol.
 (IP) messaging platform.

At the seminars, Fundtech, in their continuing support of SWIFT's corporate access plan, will convey the technology challenges and implementation options available to corporations. Corporations will be better equipped to make a decision based on the needs of their organisation - this is possible by comparing the benefits of establishing an in-house SWIFT infrastructure, versus outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  this activity to a SWIFT service bureau.

Corporates can now communicate securely with multiple banks through SWIFTNet, using common messaging standards. This presents the opportunity corporates have been waiting for - to move away from maintaining an array of proprietary banking connections and to streamline corporate-to-bank communication through a single interface. Currently corporates, with numerous bank connections that utilize multiple ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.  systems, are struggling to gain transparency into their true financial position.

Michael Sgroe, Fundtech President and COO said, "Fundtech is dedicated to enabling corporates to improve payment instruction quality. By working with SWIFT on the briefings, we are demonstrating our drive to react to changing market needs and provide corporates with the means of connecting to SWIFT's single, secure and reliable platform."

Luc Meurant, Head of the Corporate Access Programme for SWIFT said, "SWIFT's new corporate access model brings two major benefits to corporates: easier administration and higher standardisation Noun 1. standardisation - the condition in which a standard has been successfully established; "standardization of nuts and bolts had saved industry millions of dollars"
standardization
. This further reinforces the value which corporates can capture by using SWIFT. We are pleased that Fundtech, as a solution partner, is delivering briefings that will explain both the benefits corporates derive from SWIFT and how service providers like Fundtech can help them best take advantage of their connectivity options."

The briefings will take place in Mumbai, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Zurich in 2007. A white paper, titled "Moving SWIFT Corporate Access Forward: Benefits and Connection Choices for New Users," will be given to each participant. The sessions will be hosted by speakers from SWIFT and Fundtech and feature keynote speeches keynote speech
n.
See keynote address.

Noun 1. keynote speech - a speech setting forth the keynote
keynote address

keynote - the principal theme in a speech or literary work
 from banks.

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 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) and the Tel Aviv Stock Exchange Tel Aviv Stock Exchange

Israel's only 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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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 To restore the last editing operation that has taken place. For example, if a segment of text has been deleted or changed, performing an undo will restore the original text. Programs may have several levels of undo, including being able to reconstruct the original data for all edits  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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 10, 2006
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