Fundtech enhances CLS product offerings
The US payment, settlement and cash management technology provider is currently the largest supplier of CLS services to settlement members, and is seeking to repeat this success with the latest version of PayPlus, the company claimed. The new version of PayPlus was developed to allow third-party members of CLS to manage their own CLS activities, which may involve branches, subsidiaries or corporate customers.
Users with a significant volume of foreign exchange activity, or a client base including foreign exchange customers, will benefit from a heightened level of control and independence over their activities by running their own back office while connecting to settlement members and to Swift, Fundtech claimed.
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