Asseco SEE And Fundtech Signed Partnership Agreement For MRDC

Asseco South Eastern Europe (Asseco SEE), a European leader in banking and financial applications, and Fundtech, a market leader in global transaction banking solutions, have signed a partnership agreement to develop products for the USA market.

Zagreb (I-Newswire) October 4, 2012 - Through this agreement Asseco SEE and Fundtech will work together to develop and deliver mobile, card and banking solutions by combining complementary technologies, people and experience. Both companies believe that the development partnership will bring added value to their Clients.

The partnership will combine Asseco SEE’s mobile and security technology, which has been deployed in banks in Europe, and Fundtech’s mobile remote deposit capture and payment technology expertise, significant market presence, and distribution capabilities in the USA. The partnership will initially deliver a mobile Remote Deposit Capture application with a roadmap of future applications to include additional mobile services to USA customers.

“Our partnership offers bankers easy-to-use, quick to deploy, and secure mobile services. These can expand their direct banking channels, generate new revenues and position these banks more strongly in today’s mobile banking/payment ecosystem. We are excited to work with Fundtech in this fast growing mobile banking marketplace,” said Drazen Pehar, Member of the Board of Asseco SEE.

“As market leaders in the Remote Deposit Capture business, we are delighted to partner with Asseco in order to expand our business further through the introduction of new and innovative mobile banking applications. Together we will define solutions, develop the market and deliver cost effective services to a broad range of current and underserved customers,” said Danne Buchannan, executive vice president, and head of North America Operations.

About Asseco SEE

The group Asseco SEE is the largest operator in South-Eastern Europe in terms of revenue derived from sales of its software and services. We came into being as a result of the integration of the experience, knowledge and solutions of major, segment leading IT companies operating in the region. Our mission is to build a trustworthy and profitable global IT company providing our customers with high quality software and services.
Today, Asseco SEE Group operates mainly in the following six segments of the information market: solutions and services for the banking sector, solutions in the area of the mobile banking & authentication, supply, installation and services in the field of ATMs and payment terminals, solutions and services to the general business and telecommunication’s sector, integration services and delivery and implementation of ICT systems and equipment, payment gateway solutions. Today, Asseco SEE has 1221 employees. For more information please visit: http://www.asseco.com/see/

About Fundtech

Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, our clients benefit from lower operating costs and an enhanced end-user experience through our integrated and feature-rich solutions. Our major product lines are: 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. We operate Fundtech Connect, one of the world’s largest services bureaus that addresses the unique needs of the financial services industry. 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


Contacts:

Asseco SEE
Maja Bajza Ljubicic
Ulica grada Vukovara 269d, 10000 Zagreb, Croatia
e-mail: info@asseco-see.hr
www.asseco.com/see

Fundtech
Press contacts:
(UK) Chanda Gathani - Metia Ltd. , +44 (0) 20 3100 3605, chanda.gathani@metia.com
(USA) Binna Kim – Cognito, +1 646 395 6304, Binna.Kim@cognitomedia.com
Corporate Contacts:
George Ravich – Fundtech, +1 201 215 6530, george.ravich@fundtech.com