More NewsFundtech Launches FIRST ServiceBureau for Financial Transaction Processing

Fundtech Launches FIRST ServiceBureau for Financial Transaction Processing

Fundtech, a provider of transaction banking solutions, has launched FIRST ServiceBureau, co-ordinating the firm’s six owned and operated service bureaus to deliver global transaction banking services.

Fundtech offers a wide range of advanced services that are available to customers (both financial institutions and corporations): financial messaging (SWIFTNet connectivity), transaction monitoring (anti-money-laundering), reconciliation (cash, securities, confirmation, investigations), data transformation and archiving, payment processing (US wire and ACH, UK Bacs), cash management, and electronic invoice presentment.

Reuven BenMenachem, Fundtech chief executive officer (CEO), said: “Aligning all of our service bureau operations makes Fundtech one of the world’s largest service bureau providers. FIRST ServiceBureau offers the market a wide range of transaction banking services across the globe with reliable and consistently high quality service levels.”

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