30-Year Banking Technology Veteran to Join Fundtech
                          Management Team

JERSEY CITY, N.J., Feb. 18, 2010 (GLOBE NEWSWIRE) -- Fundtech Ltd.
(Nasdaq:FNDT), a market leader in global transaction banking solutions,
today announced the hire of Dr. Ed Gainer III as Head of its US Cash
Management Business Unit. Dr. Gainer was formerly a co-founder of
Generated Systems Technologies, an innovator in automated small
business banking and a provider of professional consulting services. He
brings over 30 years of experience in the financial technology
industry, including senior management positions at Brokat Technologies,
Transaction Software Technologies, and National Data Corporation.

Dr. Gainer will be responsible for product development and growth
strategies for Fundtech's North American cash management business.
Specifically, he will oversee the development and deployment of the
Fundtech cash management product suite, including CASHplus(R) , one of
the industry's leading electronic banking systems and recently rated
the most technologically advanced by analyst group Celent. Fundtech
customers will benefit from Dr. Gainer's depth of experience in
providing banks with a competitive edge via sophisticated software
solutions.

Commenting on the appointment, Fundtech President and COO Michael Sgroe
said: "We are absolutely delighted that Ed is joining Fundtech's
management team and look forward to his leadership and contributions to
our cash management business. We remain committed to bringing on board
the most experienced, talented and hard-working minds in the industry.
By giving our clients access to this pool of expertise, we enable them
to become the preferred providers of treasury management services."

Commenting on his appointment, Dr. Gainer said: "Fundtech has a strong
foothold in the cash management business, and I look forward to further
building upon this platform for growth. The company is very well-poised
to take advantage of the banking industry's increased appetite for
technology innovation and focus on improving the client experience."

Prior to joining Fundtech, Dr. Gainer was a co-founder of Generated
Systems Technologies, Inc., where he consulted with top 50 banks on
portal development and cash management product development... Prior to
that, Dr. Gainer was the Senior Vice President of Strategy for
Corporate e-Banking at Brokat Technologies. He was also the CEO and
co-founder of Transaction Software Technologies, Inc. and the Vice
President of Cash Management Development at National Data Corporation.
Dr. Gainer holds a Doctor of Philosophy in Industrial and Operations
Engineering and Master of Arts in Mathematics from the University of
Michigan.

Dr. Gainer will be based in Fundtech's Norcross, Georgia office close
to where he currently lives with his family.

About Fundtech

Fundtech (Nasdaq:FNDT), was founded in 1993, and is a leading provider
of software and services to banks of all sizes around the world.
Payments systems include wire transfers, ACH origination, cross-border
payments and remittance. Cash management systems are designed for large
corporate through small business clients. Fundtech operates the world's
largest SWIFT service bureau. We offer an extensive line of financial
supply chain applications including electronic invoice presentment and
supply chain financing. And we are the leading provider of CLS systems
to the world's largest banks. More than 1,000 clients throughout the
world rely on Fundtech solutions to improve operational efficiency and
provide greater competitiveness through innovative business-to-business
services. For more information, visit www.fundtech.com.

Forward Looking Statements:

This news release contains forward-looking statements made pursuant to
the safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995. Such statements may include, but are not limited to,
projections of revenues, income or loss, capital expenditures, plans
for growth and future operations, competition and regulation.
Forward-looking statements are inherently subject to risks and
uncertainties, many of which cannot be predicted or quantified. When
used in this Release, the words, "estimates," "expects," "anticipates,"
"believes," "plans," "intends," and variations of such words and
similar expressions are intended to identify forward-looking statements
that involve risks and uncertainties. Future events and actual results
could differ materially from those set forth in, contemplated by or
underlying the forward-looking statements. The factors that could cause
actual results to differ materially from those discussed or identified
from time to time in Fundtech's public filings, including its Annual
Report on Form 20-F for the year ended December 31, 2008, including
general economic and market conditions, changes in regulations and
taxes and changes in competition in pricing environment. Undo reliance
should not be placed on these forward-looking statements, which are
applicable only as of the date hereof. Fundtech undertakes no
obligation to revise or update these forward-looking statements to
reflect events or circumstances that arise after the date of this
Release or to reflect the occurrence of unanticipated events.




CONTACT:  Cognito
          Press Contact:
          (USA) 
          Binna Kim
          +1 646 395 6304
          Binna.Kim@cognitomedia.com

          Metia Inc.
          Press Contact:
          (UK and APAC)
          Chanda Gathani
          +44 (0) 20 3100 3605
          chanda.gathani@metia.com

          Fundtech Ltd.
          George Ravich
          +1 201 215 6530
          george.ravich@fundtech.com