CONTACTS:

       Yoram Bibring                            Claudia Gatlin
       Fundtech Ltd.                            CMG International
       Tel: 1-201-946-1100                      Tel: 1-212-830-9080
       Email: yoramb@fundtech.com               Email: cmginternational@msn.com



                   FUNDTECH ANNOUNCES SHARE REPURCHASE PROGRAM


Jersey City, NJ, November 7, 2001 - Fundtech Ltd. (NASDAQ:FNDT), a leading
provider of global payments and cash management solutions, today announced that
its Board of Directors has authorized the Company to petition the Tel Aviv
District Court for statutory approval to use up to $7 million of the Company's
funds to repurchase ordinary shares in the Company, but in no event may the
Company repurchase more than 10% of its outstanding ordinary shares. The Company
currently has approximately 14.3 million shares outstanding.

Upon receipt of statutory approval, the purchases may be made from time to time
on the open market at the Board of Directors' discretion depending on share
price and market conditions. Fundtech may use the repurchased shares for
issuance upon exercise of employee stock options or other corporate purposes. No
time limit was set for the completion of the repurchase program.

This press release is for informational purposes only and is not an offer to buy
or the solicitation of any offer to sell any of the Company's ordinary shares.

About Fundtech

Fundtech (www.fundtech.com) is a leading provider of software solutions and
services that facilitate e-payments and e-banking by enabling businesses through
their banks to electronically manage cash, process payments and transfer funds.
The Company's client-server and Internet software products and services automate
the process of transferring funds among corporations, banks and clearance
systems and enable businesses to manage global cash positions efficiently and in
real-time. Its solutions have been sold to more than 700 financial institutions
around the globe.





Forward Looking Statements:

Statements included in this Release may contain forward-looking statements. Such
forward-looking statements are made pursuant to the safe-harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such statements may
relate, but are not limited, to projections of revenues, income or loss, capital
expenditures, plans for growth and future operations, competition and regulation
as well as assumptions relating to the foregoing. 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 includes general economic and market conditions,
changes in regulations and taxes and changes in competition in pricing
environment. Undue 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.