During the first quarter of this year Fundtech became one of the worlds top volume processors with an average of 45-50 thousand SWIFT messages per day. In addition to processing SWIFTNet messages, Fundtech has helped launch one of the industrys first Member Administered Closed Access Groups (MA-CUGs) and is supporting FileAct, a new bulk processing feature of SWIFTNet. Fundtech operates its SWIFT business in Europe through its subsidiary, Biveroni Batschelet Partners AG (bbp), located in Baden Switzerland. In addition to operating the worlds largest service bureau for SWIFTNet, the company has installed its SWIFT connectivity software in 100 banks, and is the SWIFTNet connection for Cable & Wireless Real Time Nostro system.
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