Integral, a number one foreign money expertise supplier to the monetary markets, at the moment introduced that Mexican financial institution Banco Base has adopted its FX expertise to raise its derivatives operations and stay one step forward of rivals.
Banco Base, centered on worldwide transfers and specialised financing merchandise to develop the worldwide companies of firms concerned in overseas commerce has chosen Integral’s worth engine and liquidity aggregation options. The transfer will improve the financial institution’s FX derivatives capabilities, permitting it to cost FX swaps way more effectively for its clients.
As a substitute of sourcing pricing information from liquidity suppliers (LPs) by way of separate single supplier platforms (SDPs) and manually consolidating and analyzing costs utilizing spreadsheets, Integral’s expertise permits Banco Base to mechanically mixture pricing information from a number of LPs concurrently. This streamlined method not solely eliminates inefficiencies, it helps Banco Base shortly reply to market adjustments and keep its aggressive edge within the Latin American area.
As Banco Base expands its footprint in Mexico and Latin America, leveraging Integral’s cloud-native expertise ensures operational effectivity with out disrupting shopper service.
Harpal Sandhu, CEO of Integral, stated: “By providing extremely configurable and scalable options throughout FX workflows, Integral is offering banks internationally with the instruments to improve their operations, present a best-in-class shopper expertise, and keep their strategic benefit over the competitors. This partnership will see Banco Base ship purchasers unrivalled velocity in derivatives pricing and execution, setting a brand new customary for monetary suppliers within the area.”
Guillermo Mateos, Deputy Director of FX and Derivatives at Banco Base, added: “With the growing complexity of FX workflows in Mexico and Latin America, automation and real-time worth aggregation are essential for Banco Base’s development. Integral’s expertise permits us to offer best-in-class pricing whereas reinforcing our management in a aggressive market.
