Fundtech Ltd. announced that Republic National Bank of New York, a global leader in commercial banking, has chosen the ACCESS.pro suite of products from Fundtech to provide them with world-class internet banking software as the progression of their cash management suite.
“We were looking for an innovative solution that would expand the functionality of our electronic banking options and bridge us to the 21st Century,” stated Republic First Vice President Paul Campbell. “We have relationships with thousands of clients around the world. These clients depend on our ability to remain technologically innovative and supportive in order to support them quickly and efficiently. Fundtech’s ACCESS.pro family of products will enable us to provide superior service to our client base while expanding our market reach to a far broader segment than ever before possible.”
ACCESS.pro will give Republic the opportunity to provide its clients with access to a full complement of electronic banking services via a variety of input devices including Windows PCs, Internet browsers, audio response, fax and thin-client devices. It supports English, French, Spanish, Chinese and Japanese and will greatly reduce long-term service and support costs for the bank. The electronic banking applications encompass balance reporting, book and wire transfers, check management, ACH originations, positive pay, letter-of-credit and e-mail. In addition, the system features multiple levels of security, including end-to-end encryption, network level security, authentication, authorization, confidentiality, auditing and non-repudiation. It is both Y2K and Euro compliant.
“We are pleased that Republic has decided to adopt our industry-leading electronic banking solution for their world-wide client base”, said Paul Citarella, Fundtech’s Senior Vice President and General Manager. “Republic always has been recognized as a leader in providing its clients with tools and services to help them better manage their business needs. Our ACCESS.pro products will help them maintain and strengthen their position, as well as move aggressively into other markets”.
Republic National Bank of New York is a full-service international and domestic commercial bank with locations on five continents. Republic’s services include international and domestic private banking, institutional banking, consumer banking and middle market services, as well as acting as a dealer in high-quality bonds, precious metals, foreign exchange and interest rate swaps and other derivatives. The bank is a wholly owned subsidiary of Republic New York Corporation, a holding company with assets of $50.4 billion at September 30, 1998.
Fundtech Ltd. designs, develops, markets and supports a suite of mission-critical client/server software products that enable financial institutions and large business enterprises to process payments, transfer funds and manage their cash positions electronically. The Company’s products are among the most technologically advanced and cost-effective electronic payments, funds transfer and cash management solutions. The Company’s proprietary innovative software architecture, which is based on the Windows NT and UNIX operating systems, provides modular, scaleable, and secure solutions that have been sold to more than 180 financial institutions.Details