Fundtech Introduces First SWIFTReady Global Payment Service Bureau

Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced the introduction of PAYplus ServiceBureau, the first SWIFTReady global payments platform combined with SWIFT services, available as an outsourced service. The new Software as a Service (SaaS) offering packages Fundtech’s successful PAYplus FTS with its SWIFT ServiceBureau, to provide banks with a complete outsourced global payments solution that is priced on a per-transaction basis.

PAYplus ServiceBureau offers banks the ability to upgrade their payments platform without the large up-front investment of a new system; and relieves them of the ongoing support costs of maintaining and extending it. After a small integration fee, banks will pay a monthly fee combined with a per-transaction charge, which makes the service affordable for institutions of any size. This SaaS pricing model provides greater choice, flexibility and security to the marketplace.

Commenting on the introduction, Dieter Prang, managing director of Fundtech EMEA-Frankfurt said: "PAYplus ServiceBureau combines a payments platform that is rich in functionality with the operational integrity of the BBP SWIFT ServiceBureau in Switzerland. Together they provide the marketplace with a low-cost and easy-to-implement alternative to in-house payments processing. PAYplus ServiceBureau will enable banks of all sizes to be competitive with global payments.”

The PAYplus ServiceBureau supports payment processing for all the major European payment networks, including SWIFT, EBA, TARGET2, SEPA and many domestic clearing and settlement systems in Europe and Asia-Pacific. PAYplus ServiceBureau offers banks an easy and low-cost option for adding SEPA payments, including Direct Debits and the conversion into ledger format.

In addition to the full range of SWIFT messaging, including FIN, FileAct, Interact and Browse, the service also provides transaction filtering for PEP (Politically Exposed Persons), OFAC and other watch lists, as well as message archiving and reconciliation.

The payments system utilizes PAYplus FTS, Fundtech’s successful payments platform that is currently used by about 50 banks throughout the world, and supports a multi-entity / multi-branch configuration. The system will be deployed in the service bureau operated by BBP, Fundtech’s subsidiary located in Switzerland, which is the largest SWIFT service bureau in Europe.

PAYplus ServiceBureau will be available in the first quarter of 2009.

About Fundtech

Fundtech (NASDAQ: FNDT), was founded in 1993, and is a leading provider of software and services to banks of all sizes around the world. Payments systems include wire transfers, ACH origination, cross-border payments and remittance. Cash management systems are designed for large corporate through small business clients. Fundtech is a leader in SWIFT services, operating one of the world’s largest SWIFT service bureaus in the world. We offer an extensive line of financial supply chain applications including electronic invoice presentment and supply trade financing. And we are the leading provider of CLS systems to the world’s largest banks. More than 1,000 clients throughout the world rely on Fundtech solutions to improve operational efficiency and provide greater competitiveness through innovative business-to-business services. For more information, visit www.fundtech.com.

Forward Looking Statements:

This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2007, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undo reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.