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Banco de Chile has formed a new strategic alliance with currency-technology provider Integral to enhance its foreign exchange operations and expand the bank’s multi-channel distribution capabilities across local and international markets.
The collaboration sees financial institution Banco de Chile adopt Integral’s Price Engine and Liquidity Aggregation products, consolidating its FX pricing logic and automating key execution workflows.
The technology has been integrated with interbank FX infrastructure provider Datatec, enabling Banco de Chile to capture live spot pricing and generate executable rates across multiple channels, including offshore NDF trading, USD/CLP spot and forwards, swaps, multi-dealer platforms, internal sales desks, and white-label trading platforms for clients.
According to the firms, the integration provides full end-to-end automation — from liquidity aggregation through to execution — reducing operational burden and mitigating risks associated with manual FX workflows that remain prevalent in parts of the Latin American banking sector. Banco de Chile said the improvements will support its plans to scale FX services across all segments and reinforce its position as a provider of Chilean peso liquidity.
Sergio Karlezi, Manager of the Treasury Division at Banco de Chile, said:
“As we advance digital transformation as a strategic imperative, this collaboration with Integral is an essential milestone in entrenching automated, streamlined FX pricing into our trading workflows. The highly customizable nature of Integral’s solutions was key, allowing us to seamlessly integrate with our internal architecture and cater to regional market dynamics.”
— Sergio Karlezi, Manager of the Treasury Division, Banco de Chile
Harpal Sandhu, CEO of Integral, commented:
“Leading the charge to FX automation in the region, Banco de Chile has further differentiated itself by allowing clients to benefit from improved speed, transparency and accuracy in FX price discovery. As interest in trading multi-currency pairs featuring the Chilean peso expands, Banco de Chile will be able to capitalize on the opportunity at hand and better service its growing client base, both in Chile and abroad.”
— Harpal Sandhu, CEO, Integral
Banco de Chile said the initiative aligns with its broader digital strategy, aimed at improving efficiency and delivering added value to both domestic and international clients. It also reinforces the bank’s long-term commitment to innovation within Chile’s financial markets.
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