Fundtech Introduces First CLS ASP Service

Wednesday 13 October 2004 13:14 CET | News

Fundtech has introduced a CLS managed service (ASP) available to all Settlement Members. Banks can now outsource their CLS system to Fundtechs ASP, greatly simplifying their operations and reducing costs.

Fundtech is the dominant CLS product supplier with 20 Settlement Member clients who collectively account for an estimated 50% of the value of all daily CLS trades. Fundtech expects that all Settlement Members will benefit from the operational simplicity and cost savings of its new ASP proposition and eliminate the cost, time, and risk of deploying new features mandated by CLS Bank. Fundtechs PAYplus for CLS is the industrys leading application and offers superior integration of Third-Party services and sophisticated liquidity management features. Fundtech will operate its CLS ASP in a high-security facility in Europe with full redundancy, auto notification and alerting, and scheduled proactive maintenance.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce