Fundtech Ltd. (NASDAQ: FNDT), a leading provider of global electronic payment, settlement and cash management solutions announced today that 10 major Israeli banks have moved into production with Fundtech's Global PAYplus Liquidity Manager for real-time liquidity management.

Fundtech has implemented its Global PAYplus Liquidity Manager product in these commercial banks as part of the new RTGS (Real Time Gross Settlement) regulation in Israel, introduced by the Central Bank of Israel on July 2007.

Fundtech's solution enables banks to manage intraday liquidity in real time ? thus improving their ability to repay the exchange at day end. Additional benefits include the capability to control and centralize all liquidity management needs into one system. This ensures more efficient control and management of multi-currency, multi-bank liquidity assets across bank accounts, clearing systems, and central bank channels. It improves liquidity control whilst lowering exposure to risk and errors.

?We selected Fundtech and successfully implemented Fundtech's Global PAYplus Liquidity Manager solution due to their leadership and market expertise in payments and liquidity management. The system allows us to automate the collection of transaction information; track liquidity positions from multiple systems and entities; and actively manage the flow of funds,? stated Daniel Dotan, Delivery Channels Applications Manager, iteam, a subsidiary of Mizrahi-Tefahot Bank. ?The other critical factor in our decision was the ease of integration with our existing solutions, and that as banking regulations change in Israel, the product is enhanced and supported accordingly.?

Michael Sgroe, President and COO, Fundtech, states, ?Fundtech has made progressive growth in the Israeli market in recent years as demonstrated by the addition of these 10 new banks. We will continue to serve the region by supplying comprehensive solutions and support to meet their growing demands.?

About Fundtech

With thirteen offices on four continents, Fundtech Ltd is a leading provider of software solutions and services to financial institutions around the world. The Company develops and sells a broad array of products across the "financial supply chain" that enable banks to automate their corporate banking activities in order to improve efficiency, while providing their customers flexibility, convenience and control. Fundtech offers products in five business segments: payments, cash management, settlements, financial messaging, and post-trade securities settlement.

Fundtech is a publicly traded company, listed on NASDAQ (FNDT). The company was founded in 1993.

Forward Looking Statements:

This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2006, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undo reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.

Press:
Metia Inc.
Ben Jarrold, +44 (0) 20 3100 3610
ben.jarrold@metia.com
or
Charlotte Crivelli, +1 917-320-6452
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Corporate:
Fundtech Corporation
Amy Osborn, +1 201-215-6550
amy.osborn@fundtech.com