Orders in Israel for Fundtech's Global Liquidity Manager
Ten Israeli banks have moved into production with Fundtech’s Global PAYplus Liquidity Manager for real-time liquidity management. The company has implemented its solution in these commercial banks as part of the new real time gross settlement (RTGS) regulation in Israel, introduced by the Central Bank of Israel on July 2007. Fundtech’s solution is designed to enable banks to manage intraday liquidity in real time and therefore improve their ability to repay the exchange at day’s end. The company says that the solution also includes the capability to control and centralise all liquidity management needs into one system. This is aimed at ensuring efficient control and management of multi-currency, multi-bank liquidity assets across bank accounts, clearing systems, and central bank channels.