Foreign exchange (FX) technology provider Integral announced a new partnership with the Swiss division of Arab Bank this Wednesday.
The deal means that the bank is now providing an FX trading application to its customers that was designed by Integral.
This isn’t the first time the two companies have worked together. Back in 2014, Integral built an FX dealer platform for Arab Bank’s clients.
But those same clients have, according to a statement issued by Integral, increasingly demanded access to mobile trading.
“The banking industry is becoming increasingly mobile, so our customers expect us to deliver the same high level of service and performance in our mobile platform as we do across our other solutions,” said Rani Jabban, head of treasury at Arab Bank Switzerland.
“We’ve had a strong, longstanding partnership with Integral”
As Jabban’s firm was happy with the prior work that Integral had done for them, the bank chose to partner with the technology provider again to build a mobile application.
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“We’ve had a strong, longstanding partnership with Integral and were confident that they could extend the BankFX platform to meet our customers’ mobile trading needs,” continued Jabban. “The feedback has been extremely positive.”
The new application was built on Integral’s cloud-based BankFX Platform.
The tech firm says that over a hundred banks and other financial institutions use its BankFX Platform, including Wells Fargo, Mizuho, and Banco do Brasil – South America’s largest bank.
The technology provider claims that, as its system is cloud-based, it is flexible.
That means any problems clients have can be fixed more easily than a piece of traditional client/server technology.
BankFX is a flexible, cloud-based platform that addresses the entire FX lifecycle, so it is
straightforward for us to customize the platform to accommodate [Arab Bank’s] evolving requirements,” said Harpal Sandhu, Integral CEO.
“In this case we integrated our mobile app so their customers can trade whenever necessary.”