Fundtech

59 results about this entity

Period: 28 Sep 2004 - 12 Oct 2015

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Fundtech warns on Q4 delays as global banks stall on contracts

Fundtech warns on Q4 delays as global banks stall on contracts

US financial systems software house Fundtech has missed consensus estimates for revenues and income in the third quarter and warned of delays in the fourth quarter as bank clients stall on closing deals.

Fundtech acquires UK Swift services outfit Synergy

Fundtech acquires UK Swift services outfit Synergy

BBP, the Swiss subsidiary of fintech vendor Fundtech, has acquired Synergy Financial Systems, a UK Swift service bureau, in a deal worth up to £3.6 million.

Fundtech Q3 earnings hit by Lehman-related charge

Fundtech Q3 earnings hit by Lehman-related charge

US financial technology vendor Fundtech says it will record a charge in the third quarter of up to $600,000 relating to the bankruptcy of Lehman Brothers.

Banks face five year wait to recover lost revenue from Sepa

Banks face five year wait to recover lost revenue from Sepa

Almost half of European banks expect it to take over five years to replace payments-related revenue lost following the introduction of the European Union's single euro payments area (Sepa), while 13% say they will never be able to recover the lost revenue, according to a poll by e-payments outfit Fundtech.

Thomson Reuters and EDB drag Finextra50 down 3.1%

Thomson Reuters and EDB drag Finextra50 down 3.1%

Led by major falls for Thomson Reuters, Bravura and EDB, the Finextra50 Financial Technology Index closed Friday at 84.8, down 3.1% for the week.

Royal Bank of Scotland selects Accountis for e-invoicing

Royal Bank of Scotland selects Accountis for e-invoicing

The Royal Bank of Scotland (RBS) is implementing technology from Fundtech-subsidiary Accountis to provide bank-branded electronic invoicing services to its corporate customers.

Finextra50 up 1.2% led by ChoicePoint and Microgen

Finextra50 up 1.2% led by ChoicePoint and Microgen

The Finextra50 Financial Technology Index closed up 1.2% to 86.91 last week as Reed Elsevier's planned acquisition of ChoicePoint saw the latter's stock rise by 41%, while lower than expected quarterly results and outlook from Vasco Data Security saw its stock hit a 52 week low.

Fundtech acquires EIPP outfit Accountis

Fundtech acquires EIPP outfit Accountis

US financial technology vendor Fundtech has acquired Accountis, a UK provider of electronic invoice presentment and payment (EIPP) systems, for a total consideration of £5.8 million in cash.

Finextra50 starts year with record low

Finextra50 starts year with record low

Led by big falls for Fundtech and ACI Worldwide, the Finextra50 Financial Technology Index fell 4.31% by the end of the year's first week, reaching 91.24. Few companies saw any gains in a depressed start for most markets worldwide, but Gresham Computing did see a bounce back after a recent slump, while FirstSource and Nucleus Software in India also rose.

Barclays to step up focus on liquidity management

Barclays to step up focus on liquidity management

Barclays has selected a liquidity management system from payments provider Fundtech as part of its efforts to improve the monitoring of its cash flows and in preparation for the introduction of the Single Euro Payments Area (Sepa) and Target2 Securities (T2S) initiatives.

Citi and Fundtech team up for cross-border payments

Citi and Fundtech team up for cross-border payments

Citi Global Transaction Services has signed a reciprocal deal with EFT vendor Fundtech designed to streamline international funds transfer processing for correspondent banks.

Fundtech buys Germany's Prang; posts flat Q4 earnings

Fundtech buys Germany's Prang; posts flat Q4 earnings

US e-payment processor Fundtech has acquired Prang, a Frankfurt-based provider of payments software, for a maximum consideration of EUR8 million in cash.

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