Mexican Bank Banco Base Deploys Integral’s FX Technology

Integral has announced that Mexican bank Banco Base has adopted its FX technology to elevate its derivatives operations and remain one step ahead of competitors.

Founded in 1993, the currency technology provider to the financial markets caters to hundreds of banks, brokers, and cross-border payment companies. Integral recently partnered with Nigerian bank Access Bank, Hungarian bank OTP Group, the Cypriot Bank of Cyprus, as well as global brokerage IUX. 

Banco Base to price FX swaps far more efficiently for its customers

Banco Base has selected Integral’s price engine and liquidity aggregation solutions to enhance the bank’s FX derivatives capabilities, which allows it to price FX swaps far more efficiently for its customers. The Mexican bank is focused on international transfers and specialized financing products to grow the international businesses of companies involved in foreign trade.

Traditionally, banks would have to source pricing data from liquidity providers (LPs) through separate single dealer platforms (SDPs) and manually consolidating and analyzing prices using spreadsheets.

Integral’s technology allows Banco Base to automatically aggregate pricing data from multiple LPs simultaneously in a streamlined approach that not only eliminates inefficiencies, but also helps Banco Base to quickly respond to market changes and maintain its competitive edge in the Latin American region.

“Integral is providing banks across the world with the tools to upgrade their operations”

Harpal Sandhu, CEO of Integral, said: “By offering highly configurable and scalable solutions across FX workflows, Integral is providing banks across the world with the tools to upgrade their operations, provide a best-in-class client experience, and maintain their strategic advantage over the competition. This partnership will see Banco Base deliver clients unrivalled speed in derivatives pricing and execution, setting a new standard for financial providers in the region.”

Guillermo Mateos, Deputy Director of FX and Derivatives at Banco Base, added: “With the increasing complexity of FX workflows in Mexico and Latin America, automation and real-time price aggregation are crucial for Banco Base’s growth. Integral’s technology enables us to provide best-in-class pricing while reinforcing our leadership in a competitive market.

Integral Partnered With FX/CFD Broker IUX

IUX recently teamed up with Integral to boost its operations and client experience. The alliance brings Integral’s advanced technology solutions—such as Price Engine, Risk Management, and the MetaTrader 5 Gateway—into IUX’s platform to upgrade its capabilities and services.