Fortis Bank Global Clearing licenses TwoFour system

Source: TwoFour

TwoFour announced today that Fortis Bank Global Clearing N.V. (FBGC) has licensed the TwoFour System to automate the current and anticipated needs of its global Treasury Cash Management (TreCM) business.

TwoFour is a high volume, multi-asset solutions provider to buy and sell side financial firms. FBGC's rapidly expanding business will use TwoFour to:

• Streamline and simplify the processes of proactively managing cashflow and funding needs; • Perform real-time 'what if' analysis; • Provide greater efficiency and effectiveness managing FBGC nostro account balance positions; • Maintain and improve information and reporting quality levels.

"FBGC selected TwoFour as part of our strategy to offer our clients the best possible service and to further increase efficiency in our cash management processes," said Coen van Walbeek, FBGC's Global Head Treasury & SBL "The combination of TwoFour's partnership approach, robust functionality, and front-to-back capabilities made the company and its software application the best choice to support our evolving business."

Les Gosling, TwoFour's head of sales and marketing (EMEA), stated, "We are pleased to be part of FBGC's investment in its future Treasury platform. Treasury services have increased in importance to financial institutions since the start of the current financial crisis. In rationalizing its technology environment, FBGC is actively addressing a challenge faced by many trading organizations. Providing exceptional service to our clients is a priority at TwoFour."

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