19 February 2018
Visit www.avoka.com

TwoFour reports limit modelling contract win

13 October 2009  |  1490 views  |  0 Source: TwoFour

TwoFour, product and services provider of treasury, FX and cash management solutions, today announced that the leading provider of financial services to institutional investors has selected its solution for limit modeling.

The financial institution, which has a global presence and is headquartered in the United States, has seen its assets under management soar by almost 300% in 2008 to $1.4 trillion, and required a robust, scalable system able to manage further increases in transaction volumes and drive down risk.

This financial institution required a solution that would enable it to significantly increase activity flow to better serve its client base. The financial institution selected TwoFour due to its ease and speed of deployment and its support for real-time, high volume trading. It will use the TwoFour System to support its operations in Asia, Europe and the United States.

Chris Davis, co-founder of TwoFour commented: "With an increased focus on risk management, time is of the essence; near-time is no longer good enough for tier one institutions - real-time analytics is essential for both limits monitoring and trading. Being selected by an institution of this scale and reputation to replace existing legacy technology is a further accolade to the strength of our technology, which has been designed from the bottom up with today's financial institutions in mind. We strive to help our clients gain a competitive edge by constantly developing our technology to better serve evolving client needs."

In its limit modeling capacity, the TwoFour System will be replacing a legacy application, which is no longer capable of handling the rising transaction volumes of this institution or providing analytics in real-time. The TwoFour solution will be used by traders and compliance committees to monitor settlement, and pre-settlement limits - for customers, customer groups and countries.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11514 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9075 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8931 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8821 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7466 views comments | 12 tweets | 10 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job