Industry Adoption of Message Standard ISO 20022 Portends
                      Strong Growth for eBAM

JERSEY CITY, N.J. and GLASTONBURY, Conn., June 27, 2012 (GLOBE
NEWSWIRE) -- Fundtech, who operates the world's largest SWIFT service
bureau, and Open Solutions Inc., the leading provider of corporate bank
account management software, jointly announced their partnering
agreement to offer Electronic Bank Account Management (eBAM) services
over the SWIFT network. This first ever end-to-end cloud-based service
enables corporations to better manage their bank accounts by reducing
errors, improving security and streamlining the entire process through
automation. Improved cash visibility is also an important benefit for
corporate treasurers.

Through this collaboration, users of Open Solution's Weiland BAweb(TM),
a browser-based electronic bank account management platform, will be
able to connect seamlessly to their banks via SWIFT, allowing them to
exchange eBAM messages safely and securely. Time-consuming
administrative tasks such as opening and closing accounts, managing
signatories and obtaining account information will be automated,
dramatically reducing errors, reducing response time and increasing the
treasurer's level of control.

eBAM has been a slow growing industry initiative for over ten years.
However in 2010, when SWIFT adopted the financial industry's XML
message standard ISO 20022, many of the barriers to growth were
eliminated. With a single message standard, corporations can now
automate their bank account management across all of their banking
relationships.

"By enabling accurate, real-time corporate-bank communications, the
partnership allows Weiland BAweb clients to close the audit gap that
has always existed between the company's records and the bank's
records," states Dan Gill, Director of Corporate Solutions at Open
Solutions. "With this agreement, the world of automated, electronic
bank account management now becomes a reality for the vast number of
Fortune 1000 companies that use Weiland BAweb."

According to Mary Ellen Putnam, Fundtech's Executive Vice President of
US Banking Products: "Our partnership with Open Solutions offers the
market an end-to-end service that addresses important needs that
corporate treasury departments have with managing their banking
relationships such as improved accuracy and security, while
streamlining a time-consuming process. Corporate treasuries can now
take full advantage of SWIFT's global financial network to obtain true
global cash visibility, enhanced payments processing and reporting
services from their SWIFT partner banks, all across the world."

About Fundtech

Fundtech offers a comprehensive line of transaction banking solutions
to banks and corporations of all sizes around the world. As a strategic
supplier, our clients benefit from lower operating costs and an
enhanced end-user experience through our integrated and feature-rich
solutions. Our major product lines are: global and regional payments,
corporate cash and liquidity management, financial messaging,
electronic invoice presentment, supply chain financing, remote deposit
capture, merchant services, credit card gateway and mobile banking
products. Fundtech offers its software through a traditional software
license or a Software-as-a-Service (SaaS) contract. We operate Fundtech
Connect, one of the world's largest services bureaus that addresses the
unique needs of the financial services industry. Thousands of financial
institutions and companies worldwide rely on Fundtech's innovation to
improve operational efficiency, increase revenues, and provide greater
competitiveness through business-to-business services. Founded in 1993,
Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity
firm. For more information please visit www.fundtech.com

About Open Solutions, Inc.

Open Solutions Inc.(R) is dedicated to helping its client community of
Fortune 1000 companies and community-based financial institutions
succeed through revolutionary technology solutions. Through the Weiland
product suite, Open Solutions helps the treasury departments of private
and public corporations, universities, government entities and
insurance companies reduce their cash-management fees, increase control
over their financial relationships and retain investment income. With
more than thirty years of innovation and an unshakable commitment to
treasury technology leadership, Open Solutions provides reliable
solutions to improve productivity and increase revenue.

For more information about Open Solutions, visit Open Solutions at
www.opensolutions.com. You can also fan Open Solutions at
http://www.facebook.com/opensolutionsinc or follow Open Solutions via
Twitter @OpenSolutionsCC.


CONTACT: Press Contacts:
         
         (USA) Binna Kim - Cognito
         +1 646 395 6304
         Binna.Kim@cognitomedia.com
         
         (Europe & Asia) Chanda Gathani - Metia Ltd.
         +44 (0) 20 3100 3605
         chanda.gathani@metia.com
         
         (Corporate Contact) George Ravich - Fundtech
         +1 201 215 6530
         george.ravich@fundtech.com
         
         Open Solutions
         (Corporate Contact) Dan Gill - Open Solutions
         +1 847 810 6112
         dan.gill@opensolutions.com