UK-based international wholesale bank British Arab Commercial Bank (BACB) has chosen Integral, a leading currency technology provider to the financial markets, to transform its FX operations.
Established over 50 years ago, BACB provides global trade finance and treasury solutions to clients operating in and out of specialized markets. Amid increased demand from its clients, BACB will be strengthening its FX execution capabilities by adopting Integral’s technology for liquidity aggregation, pricing, distribution and white labelling.
The integration of Integral’s price engine will allow the bank to formulate its own pricing for local currency pairs. By adopting a fully branded white label solution, with a highly customized user interface, BACB will be able to seamlessly distribute pricing to clients – securing valuable screen space by embedding their web platform directly alongside their clients other trading tools. This is a vital component of optimizing the bank’s FX services. It eliminates the resource-intensive manual pricing and distribution processes still prevalent across the regions it serves, enabling more competitive pricing in Middle Eastern and African markets.
In addition, the enhanced, streamlined workflows supported by Integral’s technology will improve transparency and reduce the manual burden of compliance processes.
Vikram Yadav, Treasurer at BACB, explained: “The automated FX capabilities, powered by Integral, will enable BACB to benefit from advanced distribution capabilities, real-time pricing and improved liquidity aggregation, while focusing on what sits at the heart of our business: building long-term, trusted client relationships. The highly collaborative engagement and seamless process, coupled with the company’s established position within FX markets, affirmed our decision to undertake this project with Integral. This is a crucial milestone in our digital transformation journey, supporting BACB’s growth and ensuring clients benefit from highly sophisticated, agile FX workflows.”
Harpal Sandhu, CEO of Integral, commented: “The high levels of configurability facilitated by Integral’s solutions will allow BACB to adapt quickly to the demands of its clients and changes in currency markets across African and Middle Eastern markets. The scalability of Integral’s FX technology means that, as BACB grows, its infrastructure can develop seamlessly alongside it, powered by first-class aggregation and an array of distribution possibilities. We’re proud to support this substantial step in the bank’s development.”