Banco de Chile has formed a strategic alliance with Integral, the specialist currency technology provider, to upgrade its foreign exchange (FX) capabilities. The collaboration sees Banco de Chile implementing Integral’s Price Engine and Liquidity Aggregation products. These tools are being used to centralise the bank’s FX pricing logic and optimise its execution workflows, aiming for greater efficiency and accuracy in its trading activities.
A core element of the project is the link between Integral’s platform and Datatec, Chile’s main interbank FX infrastructure provider. This allows Banco de Chile to pull real-time spot prices and generate executable rates across multiple channels, from multi-dealer platforms and internal sales desks to white-label client platforms covering offshore NDFs, USD/CLP spot and forwards, and swaps.
The result is full end-to-end automation of FX operations, reducing the resource burden and operational costs that still dominate much of the region. With this upgrade, Banco de Chile strengthens its position in the market and sets itself up to scale its FX services more efficiently across all segments, both domestically and internationally.
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