Fundtech extends local presence in Middle East 12 February 2015Abu Dhabi Reporter: Stephanie Palmer
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Transaction solutions provider Fundtech has partnered up with Abu Dhabi IT systems integrator Gulf Data International (GDI) in a bid to strengthen support capabilities in the Middle East.
Through the partnership, Fundtech will be able to provide firms in the region with local sales, servicing and solution support capabilities.
GDI will support transaction banking and payments solutions, including payments hubs and channel solutions such as cash management and financial messaging services such as connectivity to SWIFT and other interbank services.
Peter Reynolds, Fundtech’s managing director for Europe, the Middle East and Africa, said: “Maintaining a strong presence in the Middle East requires local engagement, support and delivery.”
He added: “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.”
Stewart Jack, CEO of GDI, said: “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.”
“It is essential for the burgeoning UAE market—and especially the financial sector—to have access to globally acclaimed payments processing and cash management systems that are supported by an established local partner. We look forward to working with Fundtech to deliver these mission critical solutions to the UAE market."
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