Banco Base Adopts integral

Mexico’s Banco Base has adopted Integral’s FX technology for its derivatives operations in Latin America.

The bank focuses on international transfers and specialised financial products to grow the international businesses of companies involved in foreign trade and has selected Integral’s price engine and liquidity aggregation solutions.

The move will enhance the bank’s FX derivatives capabilities, allowing it to price FX swaps far more efficiently for its customers, Integral says, adding instead of sourcing pricing data from liquidity providers through separate single dealer platforms and manually consolidating and analysing prices using spreadsheets, it will now be able to aggregate. This streamlined approach not only eliminates inefficiencies, it helps Banco Base quickly respond to market changes and maintain its competitive edge in the Latin American region, Integral says.

“This partnership will see Banco Base deliver clients unrivalled speed in derivatives pricing and execution, setting a new standard for financial providers in the region,” claims Harpal Sandhu, CEO of Integral.

Guillermo Mateos, deputy director of FX and derivatives at Banco Base, adds, “With the increasing complexity of FX workflows in Mexico and Latin America, automation and real-time price aggregation are crucial for Banco Base’s growth.”