More NewsColorado Capital Bank Selects Fundtech ASP Platform

Colorado Capital Bank Selects Fundtech ASP Platform

Colorado Capital Bank has selected CASHplus, Fundtech’s cash management system. The bank has been live with Fundtech’s PAYplus™ USA wire transfer system since 2007, and will now have an end-to-end corporate banking system provisioned from Fundtech’s ASP operations center in Atlanta, Georgia. Colorado Capital Bank’s decision to upgrade its corporate banking services comes at an opportune time for community banks, as their large-bank competitors deal with recent mergers and are preoccupied with the current credit crisis. Patricia Hines, Research Director at TowerGroup commented: “Despite the challenging environment in the global banking industry, global transaction and cash management businesses continue to perform well, with double-digit revenue growth seen in 2008. TowerGroup believes that this growth trend will continue, given continued strength in cross-border trade and overall growth in payments volumes. This opportunity applies not only to the largest global players, but also to mid-tier and community banks as more middle market and small businesses look to take advantage of opportunities in global markets.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha