Fundtech Contact: Media Contact: George Ravich Justine Schneider Fundtech Ltd. Ruder Finn, Inc. (201) 946-1100 (212) 583-2750 [email protected] [email protected]

FOR IMMEDIATE RELEASE

FUNDTECH’S INTERNET BANKING SOLUTION LAUNCHED BY SOUTHTRUST BANK Browser-Based System Provides Web Access to Full Range of Commercial Cash Management Services

JERSEY CITY, N. J., April 5, 1999 -- Fundtech Ltd. (Nasdaq: FNDT) announced today that SouthTrust Bank has launched its SouthLink.web™ Internet banking product, which is based on Fundtech's webACCESS solution. The system allows SouthTrust's commercial customers to obtain information reporting, account transfer, check management and electronic messaging services via the Web using industry-standard browser technology.

Fundtech's webACCESS is the company's latest addition to its ACCESS line of electronic banking products, which offer commercial banking customers a full range of banking services via a single electronic window. The system provides end-to-end security and interfaces with all major back office systems: demand deposit accounting (DDA), funds transfer, Automated Clearing House (ACH), loans, lockbox, reconciliation, account analysis, securities and bank reports. Approximately 60 banks in seven countries use ACCESS for commercial electronic banking.

"We believe that we can increase market share by adding Web-based services to our current electronic banking offering. We chose webACCESS

Fundtech Corporation 30 Montgomery Street, Suite 501, Jersey City, NJ 07302, USA ■ Tel: +1-201-946-1100 ■ Fax: +1-210-946-1313 www.fundtech.com for our SouthLink.web banking product because it allowed us to meet the demands of a rapidly growing Internet marketplace quickly and cost- effectively," said Larry Cohan, SouthTrust's Senior Vice President of Treasury Services. "An additional advantage of webACCESS is that it was exceptionally easy to install within our existing electronic banking infrastructure."

"We developed webACCESS to offer a competitive advantage to banks that want to capitalize on the growing popularity of the Internet as a business tool," said Reuven Ben Menachem, Fundtech's Chairman and CEO. "With its superior functionality, features and security, webACCESS is the Web extension of our ACCESS product line and furthers Fundtech's position as a leading provider of value-added Web-based banking services."

Fundtech Ltd. designs, develops, markets and supports a suite of mission- critical client/server and Internet software products that enable financial institutions and large business enterprises to process payments, transfer funds and manage their cash positions electronically. The Company's products are among the most technologically advanced and cost-effective electronic payments, funds transfer and cash management solutions. The Company's proprietary innovative software architecture, which is based on the Windows NT and UNIX operating systems, provides modular, scaleable and secure solutions that have been sold to more than 220 financial institutions.

SouthTrust Bank, N.A., is an affiliate of SouthTrust Corporation, a $38 billion bank holding company with offices in , , , , , , and . The company offers a complete line of banking and other related financial services to commercial and retail customers.

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Fundtech Corporation 30 Montgomery Street, Suite 501, Jersey City, NJ 07302, USA ■ Tel: +1-201-946-1100 ■ Fax: +1-210-946-1313 www.fundtech.com