TwoFour, a software company that provides Treasury and Foreign Exchange (FX) services, recorded its fastest rate of growth in 2013, the company has announced.
The company succeeded in expanding its software client base, including significant capitalisation in Australia, New Zealand and in some of the world’s FX and Futures exchanges. The software is now used in 85 locations around the world, with TwoFour rising to fourth place on IBS’s rankings of Treasury and FX solutions for the global marketplace. Its capital markets technology and operations services also gained traction amongst banks and asset management firms in New York, Boston and London. The strongest demand, says the company, is for solutions that help to deal with the impacts of new regulations, as well as reducing total cost of ownership (TCO).
To support its rapid expansion, the company has taken on a slew of new staff in Europe and the US. It has also invested heavily in software development and in-house technology, introducing features for agency-based FX management, client portals and RFQ, as well as enhanced options for reporting, statements, and publish and subscribe.
“TwoFour’s growth is representative of our strong focus on personnel and expertise,” said Steve Davis, CEO of TwoFour. “We are very excited about the direction of the market and to continue our growth in support of our clients.”
A paper from the independent researcher analyses whether Bitcoin will crowd out fiat currencies in the global community.
Small businesses may make the world go round, but struggles with book balancing and accounts can be distracting and end up throttling ... read more
Nordic banking group Nordea has announced most of the teams that will be joining its second fintech accelerator this autumn.
The latest report by the International Trade Administration at the US Department of Commerce also forecasts Japan will lead the export market for the overall fintech sector.