Strategic Direction
OUR VISION: A World of Untouched Paperless Payments
OUR MISSION: Be the Most Innovative Software and SaaS Provider in the Transaction Banking and the Corporate Treasury Industries.
To thrive in the current environment, financial institutions and businesses of all sizes need the advantages of next-generation software and world-class operational support. To serve this need, Fundtech develops and delivers an integrated suite of best-in-class financial technology solutions uniquely tailored to the needs of institutions and corporations across a broad range of sizes and geographies around the world.
The company develops leading-edge Transaction Banking software for the world’s largest, most demanding financial institutions, while its Software as a Service (SaaS) business provides extensive functionality to regional and large community banks. Product lines include payments, cash management, and financial messaging. Its line of products and services for business include SWIFT for Corporates, Remote Deposit Capture, Merchant Services, payments and electronic invoice presentment.
The company is well positioned to help financial institutions and companies meet and surpass the growing challenges of today’s financial services marketplace. In the wake of the global financial crisis, foremost among these challenges is the increased spotlight on liquidity management and compliance. Banks and businesses that are able to automate and track their cash flows in a real-time, integrated fashion are best positioned to meet these heightened liquidity management and regulatory requirements.
Furthermore, in light of the current lending environment, banks are under pressure to deliver innovative technologies that increase profitability from their transaction-based revenue streams and better serve their corporate customers who are increasingly migrating away from paper-based to electronic payments. The company is well-positioned to address the unique demands of today’s transaction banking and payments marketplace.
SaaS Computing – An Evolving Market throughout Financial Services
SaaS has a strong foothold in payments processing, particularly as a way for regional banks to cost-effectively offer global services to their increasingly sophisticated business customers. Through SaaS, regional banks can replicate the products and services provided by multinational banks, without incurring the cost of software licensing or large in-house technology support staff. Eventually, even multinational banks may be drawn to the cost-effectiveness of SaaS offerings for certain applications.
Services Oriented Architecture (SOA)- Building Blocks for the Future
Another advanced technology with a high investment profile in Fundtech is Services-Oriented Architecture (SOA). SOA provides a set of standardized design principles for system development and integration through interoperable services. It allows banks to address the pervasive problem of aging legacy software applications by incrementally upgrading these systems, and by using shared services across applications to break down existing silos. This significantly increasing straight through processing (STP) of payment transactions, by creating an integrated back-end that is simpler. In addition, the front-end user experience is more consistent. The building-block approach of SOA lets banks orchestrate a controlled software upgrade across geographies, as opposed to imposing a massive change all at once.
Fundtech has been a market leader in implementing SOA-based Payment Services Hubs for banks to enhance their flexibility to meet client and regulatory demands, increasing fees, and reducing the cost and complexity of their operations.
Mobile Technology – Transforming Service Delivery
New mobile technology for smart phones and tablet devices offers a unique opportunity to transform the delivery of client-facing payment services. Fundtech provides mobile remote deposits capture, mobile credit card processing, support for mobile payments and electronic invoice presentment. The demand for mobile financial services in every customer segment is very strong, and this growth is expected to continue as the industry fully embraces new technology.
Investing in Growth – GTCR’s Private Equity Formula for Success
Customers can expect the company to invest continuously in new products, even as it preserves existing ones. As a privately owned entity, the company is focused on creating long-term growth and value, free from the challenges of managing to quarterly expectations faced in the public markets, to the benefit of its customers around the world.
