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Mauritius Commercial Bank (MCB) has integrated technology from leading eFX technology provider Integral, to enhance its electronic foreign exchange platform MCB Wave, the companies announced today.
The partnership will enable MCB to offer improved FX pricing and liquidity to its corporate and institutional clients through a modernised single dealer trading platform, as the bank looks to expand its network across Africa and beyond.
MCB will provide clients with a fully branded platform featuring an updated design focused on user experience. The technology allows for automated pricing distribution, positioning MCB as a liquidity provider and enabling partners and clients to access competitive pricing across numerous currency pairs.
Integral's technology was selected in part for its compatibility with existing systems, offering what the companies describe as "seamless integration" with other systems and workflows.
Kabir Ramburn, Head of Business Management – Financial Markets at MCB, said: "Integrating Integral's technology as the operational heartbeat of our eFX trading platform means we're able to provide enhanced digital FX trading capabilities for our clients, encapsulated in a slick, practical user interface. As we continue to develop our network, both within Africa and globally, this partnership is a testament to our commitment to providing premium client service underpinned by an exceptional technological infrastructure."
Harpal Sandhu, CEO of Integral, added: "Integral's agnostic, agile solutions enable clients across the globe to benefit from a frictionless implementation process, combining advanced operational functionality with a seamless, user-friendly experience. MCB's elevated and optimized FX workflows will further establish the bank as a regional leader in innovation and FX trading. We're looking forward to continuing to help MCB capitalize on the opportunities afforded by automation and improved operational efficiency going forward."
The implementation is part of MCB's strategy to strengthen its position in sub-Saharan Africa and expand its international presence through technology-driven solutions.
To learn more about Integral's eFX solutions, click below to contact the company.
