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                                                                 [FUNDTECH LOGO]
              CONTACTS:



               GM Stetter                       Claudia Gatlin
               Fundtech Ltd.                    CMG International
               Tel: 1-201-946-1100              Tel: 1-212-830-9080
               Email: gmstetter@fundtech.com    Email: cmginternational@msn.com


                FUNDTECH ANNOUNCES RESIGNATION OF MICHAEL CARUS;

               OZ COHEN, VP BUSINESS DEVELOPMENT, NAMED ACTING CFO


JERSEY CITY, N.J. -- July 19, 2001, -- Fundtech Ltd. (NASDAQ: FNDT), a leading
provider of e-payments and Internet banking solutions, announced today that
Michael Carus, Executive Vice President, Chief Operating Officer and Chief
Financial Officer, has resigned to become the chief operating officer and chief
financial officer of a leading international venture capital firm.

Oz Cohen, Fundtech's Vice President of Business Development, has been named
Acting Chief Financial Officer and will assume responsibility for the Company's
finance, legal, and human resources functions. In his four years at Fundtech,
Mr. Cohen has also served as the Company's General Counsel. He received an MBA
from Oxford University and his law degree from Osgoode Hall Law School in
Toronto, Canada.

"I'd like to take this opportunity to thank Michael for the considerable
contributions he has made during the past four years, including his role in the
evolution of our business plan, developing the infrastructure to support a
rapidly growing company, overseeing our initial public offering, secondary
financing, and several acquisitions," said Reuven Ben Menachem, Chairman and CEO
of Fundtech. "We wish him every success in his new endeavors."


                                     -more-

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FUNDTECH ANNOUNCES RESIGNATION OF MICHAEL CARUS /2


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.


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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, 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.

Fundtech Connect is a trademark of Fundtech Corporation. All other trademarks
and service marks are properties of their respective owners.