White Paper Shows Fundtech’s Global Payment Services Hub Exceeds Customer Requirements
Large European commercial bank uses Fundtech to process 15 million transactions in 35 minutes during benchmark testing
New York – April 16, 2015 – Fundtech, a market leader in global transaction banking solutions, today announces the availability of a white paper that reveals a benchmarking performance for its global payment services hub.
In response to increasing market demand, one of Europe’s largest commercial banks, embarked on a major initiative to simplify and improve the payments process for corporate customers. The bank commissioned a proof-of-concept exercise to validate that Fundtech’s global payment services hub, Global PAYplus, has the capacity to manage a massive number of files in a predefined timeframe. Running on Oracle software and an Oracle Engineered Systems hardware stack, the solution exceeded the bank’s performance goals by a wide margin, while demonstrating near-linear scalability. The proof-of-concept focused on end-to-end payment processing across the validation, conversion, and routing for a high volume of mass payments. Fundtech’s payments hub processed and validated 15 million transactions in 35 minutes, beating expectations by 40%. The system was also able to execute 20 million transactions across 29 thousand files in 72 minutes, well in advance of the customer’s target of four hours.
“Fundtech's global payment services hub achieved these outstanding performance results in tests carried out in Oracle’s labs, following several years of partnership and solution optimization” says Hanoch Herman, Partners Business Manager, Oracle. “Together, we were able to exceed requirements for various business scenarios as dictated by the bank.”
“The results of the benchmarking test have confirmed that Fundtech’s global payments solution had the ability to handle the large payments volumes processed by the bank’s payments systems in an extremely fast, efficient, and reliable way,” says Fundtech’s Isaac Yaniv, Executive Vice President, Global Payments. “These tests proved that not only could the solution manage the bank’s current volumes, but could easily scale to meet future demand in a predictable and cost-effective manner.”
For a copy of the benchmarking white paper, please email email@example.com.
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech’s customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm’s major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.
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