Fortis prepares for forex expansion
LONDON - Fortis Bank Global Clearing (FBGC) is beefing up its infrastructure in anticipation of a rise in foreign exchange volumes, said an official at the bank in London.
The bank is automating its foreign exchange risk management, clearing and settlement processes using technology from New York-based vendor TwoFour.
The project is currently in a configuration stage, to align TwoFour's software with Fortis's existing systems. A period of testing is expected to take place this month and TwoFour
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