US-Based Umpqua Bank Selects TwoFour for FX Payments and Processing

TwoFour Systems, a leading cash management provider for financial services firms, has announced that Oregon headquartered Umpqua Bank (Umpqua), a subsidiary of Umpqua Holdings Corporation, a NASDAQ listed financial firm, has selected TwoFour’s Foreign Exchange software solution to manage its FX Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and FX processing needs.

Umpqua Bank’s decision to implement TwoFour’s solutions comes as the bank has been enhancing its foreign exchange business.

TwoFour offers a range of solutions for banks and financial institutions covering spot FX and FX options. In addition, the firm offers a cross-product solution for orders, trading, front office position keeping and treasury risk assessment.

“TwoFour is a strong solution for regional banks. Our domain expertise and focus in the FX and cash management markets allows us to collaborate with clients, understand their business and technology, and build, deploy, and support a system that aligns with their needs,” said Chris Davis, Co-Founder and Managing Director of TwoFour in the media briefing. “We look forward to working closely with Umpqua and to partnering with them to support the growth of their business," he added.

"Umpqua, a regional bank offers retail brokerage, community banking and mortgages. Banks have been faced with a range of regulatory burdens post-2008 global recession and emphasis on Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and cash management is paramount. In particular, banks are specifically focused on their counterparty and nostro account management.

“TwoFour adds secure self-service functionality that will allow us to streamline and enhance our customers’ experience,” said Tony Oriti, Senior Vice President of Umpqua’s international banking division in the official press release. “TwoFour’s client portal ensures our clients can request a quote, manage positions and make payments with a simple user interface,” Oriti added.