Offering Integrated Transaction Banking Services to Clients

Thailand-based United Overseas Bank (UOB) has implemented Global CASHplus (GCP), a new transaction banking system from Fundtech, a provider of global transaction banking solutions. FundTech said that the solution combines comprehensive global cash management with automated financial supply chain features.

From  FundTech's website: CASHplus^® is Fundtech's global cash management solution, leveraging the most advanced technologies, the most efficient system architecture and the most progressive functionality to provide cash management services for an ever widening global marketplace. CASHplus is a multi-lingual, multi-currency product that offers a comprehensive set of Internet banking services through a full range of delivery channels.

Fundtech said that GCP is equipped with a suite of solutions that manages channel finance & services, collections management, payments processing, receivables management, liquidity management and account reconciliation. The company claimed that GCP offers UOB's corporate clients a secure environment to manage their cash functions online, including payments, collections and balance reporting. Its front-end capabilities, including multi-lingual support, offer a single-window interface for all types of cash management transactions.

Sanjay Dalmia, Managing Director, Fundtech India, said: “We are delighted that UOB has selected Fundtech's Global CASHplus to provide advanced transaction banking services to its clients. The product's innovative features will enable UOB to offer the industry's most comprehensive and competitive corporate banking service.”

Fundtech is a provider of software and services to banks 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, UOB, United Overseas Bank