Fundtech, a market leader in global transaction banking solutions, today announces that it has entered into a partnership with Abu Dhabi-based IT systems integrator, Gulf Data International (gDi).
The partnership with gDi will complement Fundtech’s significant investment in the Middle East by further strengthening its ability to provide banks and corporations in the region with local sales, service, and solution support capabilities. Through the partnership, gDi will support Fundtech’s transaction banking and payments solutions, including payment hubs, channel solutions such as cash management, and financial messaging services including connectivity to SWIFT and other interbank services.
“Maintaining a strong presence in the Middle East requires local engagement, support and delivery,” says Peter Reynolds, Fundtech’s London based Managing Director for Europe, Middle East and Africa. “Fundtech’s strength lies in its ability to provide global presence, yet local perspective. Our recent wins in the region make it the right time to establish a regional partner to help to better service the needs of our customers, and to expand our business in the market.”
“We are delighted to have the opportunity to extend our range of solutions and services, and the Fundtech suite of solutions—particularly their cash management and payments capabilities—are very complementary to the gDi portfolio,” says Stewart Jack, Chief Executive Officer of gDi. “It is essential for the burgeoning UAE market—and especially the financial sector—to have access to globally acclaimed payments processing and cash management systems that are supported by an established local partner. We look forward to working with Fundtech to deliver these mission critical solutions to the UAE market."