Strategic Alliance Agreed by Fundtech And Aurum Technology
Fundtech, a provider of global electronic payments, settlement and cash management solutions, has formed a strategic alliance and signed a partnership agreement with Aurum Technology, a leading provider of information technology services to community and mid-tier financial institutions in the US. Under the agreement, Aurum will promote Fundtech’s PAYplus USA product to its MISER software customer base. The two companies will integrate Fundtech’s PAYplus USATM funds transfer payment system with Aurum’s MISER Enterprise Automation System. By integrating the two solutions, banks can leverage two complementary systems to streamline and automate many functions associated with wire-transfer actions in a real-time processing environment. In doing so, banks will realize reduced operational costs, as well as a reduction in operator and system errors.