OMF Integrates TwoFour Systems’ Software to Oversee FX Payments & Processing

TwoFour Systems, a solutions provider for multiple asset-classes, has announced that OMF has integrated its fx software service to oversee

TwoFourTwoFour Systems LLC, a solutions provider for multiple-asset classes, has announced that OM Financial Limited (OMF) has integrated its Fx software service to oversee and manage its transaction, payments and front-to-back duties, according to a TwoFour Systems statement.

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New York-based TwoFour Systems’ comprehensive solutions suite is compatible across virtually all asset classes, including Fx, swaps, forwards, futures and derivatives. Its Fx processing engine makes it a logical choice for New Zealand Fx and futures brokerage OMF, which sought licensing rights for a more efficient means of Fx processing and payments methods. Furthermore, OMF will make a bid to assimilate TwoFour’s external client portal, granting such services as payments, transaction detailing, statements and financial reporting.

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omfAccording to Brian Watt, Managing Director at OMF, in a recent statement, “We are excited to partner with TwoFour and to leverage their software to enhance our client services. Their technology will evolve with our requirements as we grow and their sharp client portal will provide our clients excellent management of their FX accounts.”

With an eye on growth, OMF hopes that the solutions agreement will help fortify an already robust internal offering in Fx, namely Auckland and Wellington, New Zealand – however, the software is compatible globally, underscoring a propensity for growth. The partnership in New Zealand is TwoFour’s first push into the region’s market. Previously, the company expanded its Fx solutions software throughout several US banks and brokers.

Growth Margins Eyed

“TwoFour is designed to be highly customizable so that its configuration can adapt to our clients and support not only their current business model, but the business model that results from their planned growth. Our client portal was designed with the user in mind and leverages a sleek browser-based interface that provides easy access to desired user functionality. We look forward to partnering with OMF to support the growth of their business and to enhance and extend their client service,” added David Kamp, CTO and Managing Director of TwoFour Systems.

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