Fundtech Ltd. announced a product that tracks payments and lets banks monitor and manage risk.
The Global PAYplus Dashboard consolidates account data and gives executives a "bird's-eye view" of key indicators, the Amsterdam company said Wednesday. It allows banks to verify that sufficient funds are in settlement accounts and deadlines are met.
"The need for improved liquidity and risk monitoring has never been greater," Isaac Yaniv, Fundtech's executive vice president, said in a press release. "The Dashboard enables users to see current performance data overlaid by historical patterns … providing context to the data and enabling more informed decisions than ever before."
Fundtech makes banking software for corporate cash management and foreign exchange.
