BACB Takes Integral

British Arab Commercial Bank (BACB) says it has chosen Integral to strengthen its FX execution capabilities, using the latter’s liquidity aggregation, pricing distribution and white label technology.

The bank says the move will allow it to formulate its own pricing for local currency pairs and embed its FX services alongside its clients’ other trading tools. BACB provides trade finance and treasury solutions to clients operating in and out of specialised markets and says adopting Integral 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.

“The automated FX capabilities 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,” says Vikram Yadav, treasurer at BACB. “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, adds, “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…As BACB grows, its infrastructure can develop seamlessly alongside it.”