Commercial Bank to Leverage TwoFour FX for Front-to-Back Global Foreign Exchange Transaction Processing
TwoFour Systems, LLC (“TwoFour”), today announced that East West Bancorp, Inc. (“East West”) (Nasdaq: EWBC), parent company of East West Bank, has selected TwoFour’s Foreign Exchange (“FX”) software solution to seamlessly manage its FX and foreign currency money market transaction activity, front-to-back. East West Bank is a full-service commercial bank performing as the financial bridge between the United States and Greater China for both corporate and consumer clients. TwoFour is a specialist provider of global real-time FX, Money Market and Cash Management software for the financial services industry.
East West licensed TwoFour to increase processing efficiencies and to expand its global scalability in the FX marketplace. East West will additionally extend its delivery model by leveraging TwoFour’s client portal to provide external clients with browser-based access to manage their FX, money market and foreign currency deposit accounts including RFQ, payments, instructions, statements, positions, and reporting. The solution will be leveraged internally in the United States, Hong Kong, Shanghai, and by external clients globally.
“TwoFour continues to be proven as the FX and Cash Management solution for financial institutions looking to increase automation and to scale their business. The flexibility our software provides allows us to collaboratively implement a solution aligned to our clients’ current needs while incorporating flexibility for future change in requirements,” said Chris Davis, co-Founder and Managing Director of TwoFour. “We look forward to partnering with East West to support the growth of their business now and in the years to come.”