Source: TwoFour Systems
TwoFour Systems, is proud to announce that United Commercial Bank has successfully gone 'live' with the TwoFour product on April 30th, after a six month implementation project.
United Commercial Bank is using TwoFour initially as its front to back foreign currency and cash management system in San Francisco with further opportunities to follow.
In addition, United Commercial Bank will track customer credit, position limits and country exposures using TwoFour's limit monitoring capabilities. United Commercial Bank licensed TwoFour in September 2006; the software was installed in late November and United Commercial Bank has been in parallel since February 2007.
Chris Davis, head of sales and marketing at TwoFour comments, "The swift implementation was testament both to the quality of the solution and the implementation team from TwoFour and United Commercial Bank. Our expanding client base continues to leverage our growing team of systems experts and state of the art technologies to solve today's problems and anticipate tomorrow's challenges. We look forward to building on this collaborative success with United Commercial Bank and working with the bank on similar projects in the near future as they continue to expand their business."
Patricia Geiger-Linden, from United Commercial Bank, stated "We automated our processes using TwoFour's configurable workflow. TwoFour's knowledgeable analysts worked with our users to understand our procedures and tailored TwoFour to meet our needs. They are an excellent group of people to work with and the TwoFour product will help us manage our growing business, from trade capture through SWIFT connectivity and accounting. The very supportive team from TwoFour made the implementation as smooth as possible. We are very pleased with the initial use of TwoFour and are looking into further opportunities to utilize the expertise of TwoFour."