Partnership Strengthens Fundtech’s Middle East Presence

Fundtech has entered into a partnership with Abu Dhabi-based IT systems integrator, Gulf Data International (gDi).

The banking software specialist said that the partnership with gDi will complement its investment in the Middle East by further strengthening its ability to provide banks and corporations in the region with local sales, service, and solution support capabilities.

gDi will support Fundtech’s transaction banking and payments solutions, including payment hubs, channel solutions such as cash management, and financial messaging services including connectivity to SWIFT and other interbank services.

“Maintaining a strong presence in the Middle East requires local engagement, support and delivery,” said Peter Reynolds, Fundtech’s London-based managing director for Europe, Middle East and Africa (EMEA).

“Fundtech’s strength lies in its ability to provide global presence, yet local perspective. Our recent wins in the region make it the right time to establish a regional partner to help to better service the needs of our customers, and to expand our business in the market.”

“We are delighted to have the opportunity to extend our range of solutions and services, and the Fundtech suite of solutions – particularly their cash management and payments capabilities – are very complementary to the gDi portfolio,” added Stewart Jack, chief executive officer (CEO) of gDi.

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