PORTSMOUTH, N.H., Nov. 18, 2014 (GLOBE NEWSWIRE) -- Bottomline Technologies (Nasdaq:EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, has been named a member of the FinTech Forward 100 list of the leading financial technology providers in the world. The list was created by American Banker and the BAI.
The company was also recognized as one of the top 10 digital service companies within the FinTech Forward list. Bottomline Technologies helps financial institutions acquire and grow business customer relationships with its digital cash management, payments and customer acquisition solutions.
Bottomline Technologies ranked among the major commercial banking technology firms for its ability to enable financial institutions to securely communicate, reconcile and manage data in financial documents within and between banks locally and internationally. By leveraging a large secure payments network, the company automates and streamlines operations for payments and cash management departments.
"As the banking industry becomes increasingly competitive we remain committed to helping our customers accelerate innovation to compete, win and grow," said Rob Eberle, CEO of Bottomline Technologies. "Being recognized as one of the leading financial services technology providers in the world reflects our commitment and we are proud of the achievement."
Bottomline Technologies posted revenues of over $300 million in its most recent fiscal year; the largest portion came from financial services-related business.
The annual FinTech Forward 100, formerly known as the FinTech100, represents the largest FinTech-focused companies that derive at least one-third of their revenue from banking, capital markets, payments or the insurance industries. Typical product or service categories include core processing, branch, teller, ATM, credit card, mortgage originating management, trade finance, treasury services and funds transfer.
About Bottomline Technologies
Bottomline Technologies (Nasdaq:EPAY) provides cloud-based payment, invoice and digital banking solutions to corporations, financial institutions and banks around the world. The company's solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust Bottomline to meet their needs for cost reduction, competitive differentiation and optimization of working capital.
Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words "believes," "plans," "anticipates," "expects," "look forward", "confident", "estimates" and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2014 and any subsequently filed Form 10-Q's and Form 8-K's or amendments thereto. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.