Broadridge Financial Solutions has acquired TwoFour Systems, the technology subsidiary of TwoFour Holdings, to address the rising demand for advanced FX and cash management technology among financial institutions.
Broadridge will create a solution to support an extensive range of cash and liquidity processes integrating TwoFour Systems’ technology with its reconciliations and matching technologies.
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Post acquisition, TwoFour Systems will be rebranded as Broadridge FX and Liquidity Solutions, operating within Broadridge’s Global Technology and Operations division.
Broadridge president for Global Technology and Operations International Tom Carey said: "TwoFour’s technology will enhance Broadridge’s ability to provide solutions to its clients within a critical asset class, enabling banks, payment companies and broker-dealers to expand their offerings and revenue streams."
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