Treasury Management Internation Logo

Barclays and Bankgirot Receive Celent Model Bank Awards for Payments Innovation Using Fundtech’s Global Payments Solution


Two Fundtech customers awarded for leading-edge payments technology implementations

Jersey City, NJ – Fundtech, a market leader in global transaction banking solutions, is proud to announce that two customers have received Celent’s prestigious Model Bank Award in the category of Payments Innovation, for initiatives executed using Fundtech’s Global PAYplus, a global payment platform for high value, mass payments and immediate payments. The award, given to two Fundtech customers—Barclays and Bankgirot—recognizes leading banking solutions that have a clear and sustainable impact on business, improving sales or services, reducing risks or costs, and improving business processes for banks and their customers. The Barclays and Bankgirot projects were selected from among 83 nominations for Celent Model Bank Awards.

Barclays Global Payments received the award for its ambitious initiative to overhaul its entire payments infrastructure. The bank identified an opportunity to replace its legacy payment application with a cohesive payment platform that maintained distinct configurations based on a country’s payments infrastructure and regulatory environment.

Bankgirot, Sweden’s clearing house for mass payments and the first non-bank entity to receive the award, was honored for furthering the goal of achieving a cash-free society in Sweden. Using Fundtech’s Global PAYplus, Bankgirot launched Sweden’s first new payment system in more than fifty years, making the dream of real-time payments a reality. At the time of launch, there was an immediate spike in payments processed through the seven banks Bankgirot supports, and by October 2013, 850,000 users had adopted the system, transacting payments to the value of SEK 1.3 billion.

“Fundtech congratulates both Barclays and Bankgirot, and is honored to have worked with each of these outstanding firms on payments initiatives that are both forward-thinking and groundbreaking,” says Isaac Yaniv, Executive Vice President, Global Payments, at Fundtech. “Our customers’ desire to reshape and advance the payments industry is what drives us at Fundtech to provide the most innovative solutions in the market.”

“We are pleased to have both of our customer submissions in this category receive this award from Celent,” says Edward Ho, Fundtech’s President and Chief Operating Officer. “Our Global PAYplus platform exhibits the resiliency to successfully address both the banking and clearinghouse markets.”

According to Bob Meara, Senior Analyst at Celent: “The Model Bank Awards recognize how banks are using technology to change the face of banking. These banks should serve as an inspiration to others looking for strong examples of best practice implementation that will have a truly meaningful impact on business results and the industry overall.”

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...


HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...


The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...


HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....


Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...


HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...


Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...


Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...


Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...