just now
UK-based international wholesale bank British Arab Commercial Bank (BACB) has selected currency technology provider Integral to transform its foreign exchange (FX) operations.
Established more than 50 years ago, BACB provides global trade finance and treasury solutions to clients active in specialised markets. Responding to increased demand from its client base, the bank is strengthening its FX execution capabilities through Integral’s technology for liquidity aggregation, pricing, distribution and white labelling.
The integration of Integral’s price engine will enable BACB to formulate its own pricing for local currency pairs. Through a fully branded white label solution, with a customised user interface, the bank will distribute pricing seamlessly to clients, embedding its web platform alongside clients’ other trading tools. This approach is designed to optimise FX services by replacing resource-intensive manual pricing and distribution processes still common across the regions it serves, allowing more competitive pricing in Middle Eastern and African markets.
Integral’s technology is also expected to streamline workflows, improve transparency and reduce the manual burden of compliance processes.
“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.”
— Vikram Yadav, Treasurer at BACB
Harpal Sandhu, CEO, Integral
“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.”
— Harpal Sandhu, CEO of Integral
