Fundtech's CASHplus® Goes Live at First National Bank; Community Bank Sees Growth Through Market Segmentation

Business Wire, May 4, 2006

JERSEY CITY, N.J. -- Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking software and services, today announced that First National, a subsidiary bank of FNB Corporation (Christiansburg, VA) has gone into live production with CASHplus, Fundtech's premiere cash management system.

First National is a community bank that sees an opportunity for growth by targeting under-served market segments in their operating area with customer-centric cash management services. They chose CASHplus because of its ability to easily develop uniquely tailored cash management services across their client segments.

"We plan to provide a different look, feel and offering of services tailored to each of our customer segments," said Laurie Knowles, Vice President of Cash Management Services at FNB Corporation. "We outgrew our previous cash management system, and were looking for a new system that would enable us to implement our growth strategy. CASHplus allows us to offer our clients a one-stop-shop service that is rich in functionality."

Michael Sgroe, President and COO of Fundtech said: "We are delighted that First National has gone live with their new cash management system. We continue to see how CASHplus is helping community banks compete more effectively with the larger banks in their market. We look forward to working closely with FNB team as they expand their business."

About Fundtech

Fundtech Ltd is a leading provider of software solutions and services to financial institutions around the world. The Company develops and sells a broad array of products across the "financial supply chain" that enable banks to automate their corporate banking activities in order to improve efficiency; while providing their customers with more choices, more convenience and more control. Fundtech offers products in four major categories: cash management, payments, settlements and financial messaging. Fundtech has recently expanded its product line with a securities post-trade settlement processing system.

With twelve offices on four continents, Fundtech is a significant provider of financial technology throughout the world. Fundtech is a publicly traded company, listed on NASDAQ (FNDT) and the Tel Aviv Stock Exchange. The company was founded in 1993. For more information, please 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, 2004, 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.