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Fundtech’s Global PAYplus Achieves Oracle Exadata and Oracle Exalogic Optimized Status

October 30, 2012

Fundtech, a leader in global transaction banking solutions, today announced Global PAYplus® – Services Platform (GPP-SP) version 4 has achieved Oracle Exadata Optimized and Oracle Exalogic Optimized status through Oracle PartnerNetwork (OPN), demonstrating GPP-SP has been tested and tuned on Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud to deliver speed, scalability and reliability to customers. Fundtech’s GPP-SP is a premier payments platform that is used by many of the largest global banks. Fundtech is a Gold level member in Oracle PartnerNetwork.

GPP-SP testing was done in the third quarter of 2012 in the Oracle Exastack Lab located in the Oracle Solution Center in Linlithgow, Scotland. It showed that an integrated solution can result in a highly streamlined installation, enabling reduced cost of evaluation, acquisition and ownership. Highlights of the transaction processing test are as follows:

  • 9.3 million Mass Payments per hour
  • 5.7 million Single Payments per hour

The test found that the optimized combination of GPP-SP running on Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud is able to increase transactions per second (TPS) output per core, and able to reduce total cost of ownership (TCO). The volumes achieved were using only 25% of Exadata/Exalogic processing capacity.

By achieving Oracle Exadata Optimized and Oracle Exalogic Optimized status, Oracle recognizes Fundtech for developing, testing and tuning GPP-SP on Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud. Customers can be confident when selecting GPP-SP that it has been tested and tuned to achieve optimal performance, scalability and reliability customers require.

According to Eli Biton, Fundtech’s EVP of Global R&D, “The combination of GPP-SP and Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud is the high-performance, scalable and cost effective solution for converged Mass and Single payment processing for leading global and domestic banks.”

“Oracle Exastack Optimized status recognizes partners who have optimized their solutions on a complete, integrated and cloud-ready infrastructure in order to help them accelerate innovation, unlock new features and functionality, and deliver superior value to users,” said Chris Baker, Senior Vice President, Worldwide ISV and OEM Sales, Oracle. “By achieving Oracle Exadata Optimized and Oracle Exalogic Optimized status, Fundtech has demonstrated its Global PAYplus – Services Platform is tested and tuned to work with Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud to help deliver optimum performance, scalability, and reliability to their customers.”

Oracle Exadata Optimized and Oracle Exalogic Optimized are part of the Oracle Exastack Optimized program that allows partners such as Fundtech to leverage OPN enablement resources and dedicated lab environments to help develop, test and tune their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud and Oracle SPARC SuperCluster engineered systems. The Oracle Exadata Database Machine is the only database machine that provides extreme performance for both data warehousing and online transaction processing (OLTP) workloads, making it the ideal platform for database consolidation and database clouds. It is a complete package of servers, storage, networking, and software that is massively scalable, secure, and redundant. Oracle Exalogic Elastic Cloud is hardware and software engineered together to provide extreme performance, reliability and scalability for Oracle, Java and other business applications, while delivering lower TCO, reduced risk, higher user productivity and one-stop support.

About Fundtech

Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, our clients benefit from lower operating costs and an enhanced end-user experience through our integrated and feature-rich solutions. Our major product lines are: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. We operate Fundtech Connect, one of the world’s largest services bureaus that addresses the unique needs of the financial services industry. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com

About the Oracle Exastack Program

The Oracle Exastack program helps enable Independent Software Vendors (ISVs) and other members of Oracle PartnerNetwork (OPN) to rapidly build and deliver faster, more reliable applications. Leveraging the Oracle Exastack program, qualifying OPN members have access to Oracle performance experts and dedicated labs for testing and tuning their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud and Oracle SPARC SuperCluster. With Oracle Exastack Optimized status, partners will receive access to corresponding Oracle branding, logos and related benefits to effectively differentiate their offerings. Customers can be confident when selecting Oracle Exastack Optimized applications that they are supported, and have been tested and tuned with the goal to achieve optimal performance, scalability and reliability. Also part of the program, Oracle Exastack Ready is dedicated to helping ISVs run their solutions on the latest major release of Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle SPARC SuperCluster and their component products, including Oracle Database, Oracle WebLogic Server, Oracle Solaris, Oracle Linux and Oracle VM. These products provide partners with a lower cost and high performance infrastructure for database and application workloads across on-premise and cloud based environments. To find out more, visit http://www.oracle.com/partners/goto/exastack

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be the registered trademarks of their respective owners.

Press Contacts:

(UK) Chanda Gathani - Metia Ltd. +44 (0) 20 3100 3605 chanda.gathani@metia.com

(USA) Binna Kim - Cognito +1 646 395 6304 Binna.Kim@cognitomedia.com

Corporate Contacts:

George Ravich – Fundtech +1 201 215 6530 george.ravich@fundtech.com

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