Integral, a forex know-how supplier, has added one other banking establishment to its community via its newest partnership with Hungary’s OTP Group, which has 17 million clients and an intensive presence in Central and Japanese Europe.
Enhancing FX Infrastructure
Introduced at the moment (Tuesday), the Budapest-headquartered financial institution will combine Integral’s liquidity aggregation, pricing engine, buying and selling, and danger administration options to boost pricing accuracy and reliability for purchasers. The combination may even allow the financial institution to realize price financial savings throughout its FX operations.
“We’re continuously creating our cash and capital markets providers to ship distinctive service and tailor-made options to our regional and international purchasers,” stated Attila Bánfi, Managing Director of OTP International Markets.
“To offer a fair higher service, we would have liked an answer that might ship correct, versatile, and dependable pricing and danger administration capabilities throughout our whole working space. Integral’s confirmed and adaptable know-how stood out as the perfect associate to assist us attain these objectives.”
Cloud-Primarily based SaaS FX Options
Established in 1993, Integral primarily offers cloud-based SaaS FX workflow options and serves a variety of buy-side foreign exchange market members, together with banks, brokers, asset managers, and hedge funds.
The corporate additionally secured $30 million in development financing earlier this 12 months from Canada’s Vistara Development for enterprise growth. Final 12 months, it expanded into crypto by launching industry-specific know-how options. It developed the crypto providers in partnership with Mint Trade, an institutional crypto trade. These providers embody aggregation and connectivity to liquidity suppliers, desktop and cell consumer buying and selling, danger administration, and cold and hot storage custody options.
Final June, the Financial institution of Cyprus additionally tapped Integral’s infrastructure to supply real-time pricing and danger administration capabilities as a part of the financial institution’s on-line banking platform, aiming to offer tighter spreads via real-time pricing providers to its retail, company, and institutional clients.
“With over 30 years of expertise and probably the most superior know-how, Integral affords extremely configurable and complex buying and selling options to fulfill the particular wants of regional banks, as we’re doing with OTP Group,” stated Harpal Sandhu, CEO of Integral. “Our answer will present OTP Group with the workflow capabilities and setting they want, not solely to considerably enhance operational effectivity but additionally to boost their buying and selling workflow capabilities for purchasers.”
This text was written by Arnab Shome at www.financemagnates.com.
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