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SearchSanjay Dalmia Appointed CEO of CashTech Solutions
CashTech Solutions, a premier provider of Financial Supply Chain and Remittance solutions to financial institutions worldwide, has appointed Mr. Sanjay Dalmia as the Chief Executive Officer.
CashTech Solutions, a premier provider of Financial Supply Chain and Remittance solutions to financial institutions worldwide, has appointed Mr. Sanjay Dalmia as the Chief Executive Officer. Sanjay has been promoted from his role as the Head of Product, during which was instrumental in creating and enhancing CashTech's intellectual property in the space of Financial Supply Chain, Cash Management and Remittances. As CEO, Sanjay Dalmia will report to the board, headed by Mr. Reuven Ben Menachem, CEO of FundTech, CashTech's parent company.
On Mr.Dalmia’s appointment as CEO, Mr. R.N Iyer, Director, CashTech Solutions said, “Sanjay's appointment as CEO gives immense pleasure to everyone at CashTech Solutions. Sanjay has been a key driver of most of the initiatives taken at CashTech over the past few years and I believe that he, with his keen business acumen, will propel the organization towards rapid growth.”
Mr. Dalmia joined CashTech in 2001, with prior stints in HSBC and ABN AMRO. He is an alumnus of the Indian Institute of Management, Ahmedabad and a Computer Science graduate from the Indian Institute of Technology, Delhi.
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About CashTech Solutions
With a vision to be a global provider of Financial Supply Chain and Payments solutions for banks and their corporate customers, CashTech Solutions India Ltd. (founded in 1994) has developed, implemented and supported its award winning solutions in over 50 sites across 15 countries throughout Asia. With domain expertise in the areas of Financial Supply Chain, Cash Management and International Remittances, CashTech strives to stay ahead of the market requirements through continuous product innovation, and Research and Development.
CashTech is a subsidiary of Fundtech Ltd (NASDAQ: FNDT), a leading provider of financial services solutions in the US.The company has offices in India, Singapore and Japan. Clientele include: MNC Banks like ABN Amro Bank, Deutsche Bank, HSBC, BNP Paribas; large regional banks like Shinsei Bank in Japan, Bank of Ayudhya & Kasikorn Bank in Thailand, Bank Rakyat Indonesia and Bank Niaga in Indonesia, Land Bank of the Philippines in Philippines; Standard Bank in South Africa; and HDFC Bank, State Bank of India, ICICI Bank, IDBI Bank in India among others.
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, 2005, 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.Browse all Brodeur India press release » | Subscribe to daily press alerts via email »
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