Arab Bank (Switzerland) Deploys Integral’s Mobile App

Integral provides Arab Bank with its end-to-end FX solution since 2014. Satisfied with the single dealer platform and in need to enter the mobile trading train, the bank turned to Integral to develop a mobile trading app.

integralArab Bank, a Switzerland-based bank that works with established businesses, wealthy individuals and ambitious entrepreneurs with strong ties in the MENA region, has deployed has deployed a trading app built on Integral’s platform.

The bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world.

Aiming to expand mobile trading services to their institutional and corporate customers, the bank had partnered with the fintech company known for helping banks, brokers and asset managers to outperform their competition in the foreign exchange market.

Rani Jabban, Head of Treasury at Arab Bank
Rani Jabban

Rani Jabban, Head of Treasury at Arab Bank, commented: “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. 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. The feedback has been extremely positive.”

Harpal Sandhu, Integral CEO
Harpal Sandhu

Harpal Sandhu, Chief Executive Officer at Integral, said: “Arab Bank (Switzerland) Ltd. is committed to providing a seamless and complete experience to its FX customers. 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 their evolving requirements. In this case we integrated our mobile app so their customers can trade whenever necessary.”

In early 2018, Integral expanded its market data offering for cryptocurrencies to include 14 major cryptocurrencies connecting to all major exchange sources across the U.S., Europe and Asia including Japan and Hong Kong.

Integral FX has reported a second-month decline in trading volumes in February 2019, with an average daily volume coming in at $33.3 billion, which is 4 per cent lower on a monthly timeframe from $34.7 billion. Integral’s Open Currency Exchange (OCX) brings in a wide range of market participants into a single integrated network of liquidity.