Western Union Business Solutions licenses Fenics Professional

Source: Fenics

Fenics Software Ltd. today announced that Western Union Business Solutions, a division of the Western Union Company, a leader in global payment services, has licensed Fenics Professional, a pricing and risk management system, to enable it to extend increased foreign exchange products and services to its European clients.

This new agreement adds to existing services FENICS has been providing Western Union Business Solutions in other markets.

FENICS Professional will provide Western Union Business Solutions in Europe with various bespoke customisations such as mirror ticketing for booking internal trades, multi-lingual client confirmations and internal ticket identifier reporting that will support its efforts to bring new product offering to clients.

Richard Brunt, Managing Director of FENICS, said: "We are delighted Western Union Business Solutions has chosen to use our software in Europe. FENICS has been working with Western Union Business Solutions for seven years and we have developed an excellent relationship during that time. We look forward to supporting their European team as they work to expand the products they are able to offer customers."

Tony Crivelli, Vice President, Global Options Strategy at Western Union Business Solutions, commented: "Our first priority is to bring best in class service to our clients. We are expanding our product set to meet growing needs around the world, which is why working with the right partners is crucial. We have been using FENICS Professional in other markets with great success, so it was a natural step to expand our relationship to Europe as well." 

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