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Fundtech has added a customer for its cash management system.
April 16 -
A new hosted version of Fundtech's Global CASHplus is targeted at small and mid-sized banks looking to offer treasury management.
January 22 -
Edward Ho ran the capital markets division at Misys for nine years and has taken Michael Sgroe's position at Fundtech.
January 7
Some products offered by bank technology company Fundtech now include counter-fraud tools by ACH Alert.
ACH Alert services will help Fundtech customers ward off ACH and wire fraud, according to a Monday press release. Financial institutions can use ACH Alert tools to detect unauthorized debits and credits and prevent corporate account takeover by validating credit transactions.
"FFIEC guidance is clear that financial institutions are responsible for developing processes to detect suspicious fund transfer activity," ACH Alert Chief Executive Officer Deborah Peace said in the release. "Since financial institutions must address fraud and regulatory compliance, the ability to provide value-added solutions that customers demand and then monetize these solutions turns a burden into a benefit."
Fundtech, founded in 1993, is based in Jersey City, N.J. ACH Alert is based in Ooltewah, Tenn.
