Fundtech targets Korea

The company is trying to win business from two new shareholders who recently joined the CLS Group, Korea Exchange Bank and Kookmin Bank.

Fundtech’s Payplus for CLS is used by settlement members, user members and third-party clients to capture FX trade confirmations as transactions occur, and to process them under CLS rules and settlement member operating procedures. It also monitors liquidity requirements in real time and matches and reconciles individual FX trades with CLS pay-ins and payout