April 29, 2010 (FinancialWire) — Fundtech Ltd. (NASDAQ: FNDT) said it is expanding its Swift ServiceBureau into North America, making its full line of financial messaging and value-added services available to U.S. financial institutions and corporations.

This expansion builds upon Fundtech's leadership as the world's largest Swift service bureau through its European operations centered in Zurich and London, where the company supports over 250 clients.

Swift services complements Fundtech's existing North American ServiceBureau products including wire transfers, ACH (Automated Clearing House) transactions, and cash management, to become the industry's most comprehensive Transaction Banking service bureau.

Fundtech's Swift ServiceBureau integrates seamlessly with back-office banking and corporate treasury management applications. It offers all Swift messaging functionality to manage file transfers, FIN messaging, MX messaging, and RMA. It provides access to Swift's FileAct service to efficiently exchange IAT files, and other types of files with Swift counterparties. In addition, Fundtech provides: high performance applications to check incoming and outgoing transactions in real-time against embargo lists; a wide range of reconciliation services; message transformation services; and data backup services.

This initiative provides North American financial institutions and corporations easy access to the Swift global financial community, along with the full array of Swift utilities and standards.

Fundtech (NASDAQ: FNDT) was founded in 1993, and is a provider of software and services to banks of all sizes around the world.

Streaming Research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[frlylrf] [bnkngnknb] [tchnlgy]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.