a short-term solution for banks, so a ‘stepping stone’ to a broader SEPA solution. It would also be sold to corporates. Fundtech had built functionality on top, for areas such as mandate management. The growth of the Swift bureau business on the corporate


side was reflected in Fundtech announcing in September 2011 its 50th corporate customer (out of 300 bureau customers in total by this time) and then adding another 25 in the following twelve months (US-based Walter Energy Inc was officially the 75th).


On the cash management side, Fundtech combined the Accountis-derived e-invoice applications with CashPlus to produce Global CashPlus (GCP), touted as embracing Fundtech’s


end-to-end-to-end strategy, in this instance


combining traditional cash management functionality for payments, collections and liquidity management with financial supply chain features. GCP is intended to be multi- timezone, multi-lingual and multi-currency. Fundtech’s EVP, CTO, Gil Gadot, felt it was now well understood by banks that early capture of the invoice could provide the opportunity to provide finance, such as reverse factoring and pre-shipment financing. At the back-end the solution can interface to corporate ERP systems; at the front-end there would be a ‘personalised GUI, like Facebook’ for interaction. The solution is J2EE throughout. Different Fundtech clients had different parts of the combined product but there were no users with the whole suite when it was launched. Kotak Mahindra Bank in India had payments and collections and was set to add remittances and e-invoicing, with the intention of initially offering services to the motor industry. A bank in the Philippines was about to commence roll-out of the supply chain portion, according to Gadot. He saw Asia as a key market for the solution, with a fragmented cash management picture, with some countries relatively advanced and others, such as Vietnam and China, at a much earlier stage.


CashPlus has also been combined with mobile commerce technology from specialist supplier, Firethorn. This allows CashPlus users to view account details, transfer funds and initiate bill payments via mobile devices. There is also a trade management middle office solution,


TradePlus, which handles reformatting and routing of trade information.


ANZ is a notable recruit for GCP, taking it for an initial eleven


countries, with a first cut-over in Singapore on 5th November 2011, followed soon after by Hong Kong. The background, said ANZ’s global head of payments and cash management, Nigel Dobson, was the super-regional strategy put in place by the bank’s CEO, Mike Smith. The bank did not have a cash management solution for the region so embarked on an RFP-


based selection that came to settle on four suppliers. ANZ had been implementing Global PayPlus. For cash management, key criteria cited by Dobson were multi-country and multi- lingual support and a relatively swift deployment. The aim was to provide customers with a consolidated view of their available funds across the region and the ability to manage cash through one platform. The November cut-overs for GCP were as envisaged when the project commenced, and would see the system entering pilot mode, with full commercial availability from early the following year. The other nine countries were scheduled for roll-out during 2012. GCP was to be integrated with Global PayPlus. Sanjay Dalmia, EVP, global cash management and CEO for Fundtech India, said ANZ would be the first to go live with such a link, although National Bank of Greece was also currently implementing the combination. Early 2013 saw the launch of GCP on a hosted basis, dubbed GCP On-Demand. While GCP was mainly sold to larger and mid-tier financial institutions, its ASP version was aimed at smaller players, said Dalmia. Fundtech had also apparently encountered a lot of interest from large banks in having a hosted cash management system supporting their regional branches in emerging markets, for example, in India and Thailand, and some parts of Europe. These banks were ‘keen to get the solution up and running quickly and for an affordable price’, as the volumes of operations there were not large. New geographies were promising too, he added, such as Burma, which had just opened up. D+H Corporation announced a new partnership with Ripple to integrate the former’s Global Payplus offering with the latters’ distributed ledger technology. Customers using Global Payplus will be able to link their systems to a secure distributed ledger network accessible only by permission. The link will allow users to connect interbank networks, move money both domestically and cross-border, and access cheaper liquidity. In January 2017, D+H announced that it was offering banks a cloud-based testing environment to simulate connectivity to The Clearing House’s Real-time Payments System. D+H, now known as Finastra partnered with SIA, European payment infrastructures and service to enable financial institutions clients of Finastra to connect via SIAnet to RT1, EBA Clearing’s pan-European Instant payments infrastructure. The connectivity was completed in December 2017. In October 2017, Finastra began offering its payments


solutions to the cloud via Microsoft Azure, Microsoft’s enterprise cloud platform. This alliance is an extension of Finastra’s cloud-based lending oversight solution that was previously launched on Azure in the US and Canadian markets in 2016


Payment Systems & Suppliers Report | www.ibsintelligence.com 169


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180  |  Page 181  |  Page 182  |  Page 183  |  Page 184  |  Page 185  |  Page 186  |  Page 187  |  Page 188  |  Page 189  |  Page 190  |  Page 191  |  Page 192  |  Page 193  |  Page 194  |  Page 195  |  Page 196  |  Page 197  |  Page 198  |  Page 199  |  Page 200  |  Page 201  |  Page 202  |  Page 203  |  Page 204  |  Page 205  |  Page 206  |  Page 207  |  Page 208  |  Page 209  |  Page 210  |  Page 211  |  Page 212  |  Page 213  |  Page 214  |  Page 215  |  Page 216  |  Page 217  |  Page 218  |  Page 219  |  Page 220  |  Page 221  |  Page 222  |  Page 223  |  Page 224  |  Page 225  |  Page 226  |  Page 227  |  Page 228  |  Page 229  |  Page 230  |  Page 231  |  Page 232  |  Page 233  |  Page 234  |  Page 235  |  Page 236  |  Page 237  |  Page 238  |  Page 239  |  Page 240  |  Page 241  |  Page 242  |  Page 243  |  Page 244  |  Page 245  |  Page 246  |  Page 247  |  Page 248  |  Page 249  |  Page 250  |  Page 251  |  Page 252  |  Page 253  |  Page 254  |  Page 255  |  Page 256  |  Page 257  |  Page 258  |  Page 259  |  Page 260  |  Page 261  |  Page 262  |  Page 263  |  Page 264  |  Page 265  |  Page 266  |  Page 267  |  Page 268  |  Page 269  |  Page 270  |  Page 271  |  Page 272  |  Page 273  |  Page 274  |  Page 275  |  Page 276  |  Page 277  |  Page 278  |  Page 279  |  Page 280  |  Page 281  |  Page 282  |  Page 283  |  Page 284  |  Page 285  |  Page 286  |  Page 287  |  Page 288  |  Page 289  |  Page 290  |  Page 291  |  Page 292  |  Page 293