FirstBank Chooses Fundtech Cash Management to Grow Commercial Treasury Business
May 28, 2014
Bank Adds Second Fundtech Product to Serve Corporations of All Sizes
Jersey City, NJ – May 28, 2014 - Fundtech, a market leader in global transaction banking solutions, today announces that FirstBank, a $2.2 billion bank headquartered in Tennessee, has selected Fundtech’s CASHplus to grow its commercial treasury business. The bank uses Fundtech’s payments solution for wire transfers, and chose CASHplus based on its positive experience with Fundtech as well as with the cash management product’s scalability, mobile and tablet delivery channels, and overall user experience.
FirstBank sought to enhance its corporate treasury offering, and turned to Fundtech to provide a solution that could scale to accommodate its growing corporate treasury business, while continuing to service its business customers of all sizes. An out-of-the-box, highly configurable cash management solution, CASHplus provides a full suite of banking and payment functionality. Using a single dashboard across all delivery channels, it gives customers the ability to personalize dashboards and client screens, create shortcuts and set up favorites. The ability to create these tailored offerings allows banks to deepen their customer relationships and to improve overall customer satisfaction.
“CASHplus allows us to service all bank and corporate market segments using a single set of interfaces across all delivery channels,” says Wade Peery, Senior Vice President, Director of Treasury Services at FirstBank. “This means we can provide even our smallest customers with a world-class solution that will grow with their business. Meanwhile, it will help us to achieve our objective to significantly expand our small, medium and large corporate businesses.”
“In today’s competitive environment, banks must ensure that their customers are able to access a broad selection of services,” says Kyle McGaffey, Head of Sales, Americas, Fundtech. “By providing enhanced and differentiated services to corporate customers, banks are able to increase their competitive advantage and ultimately grow their customer base.”
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech’s customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm’s major product lines include: 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. 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.
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