Mexico’s GBM selects Integral for SaaS FX tech solution in Latin America
eFX technology and platform provider Integral Development Corp has announced that Grupo Bursátil Mexicano (GBM), a leading Mexico-based brokerage firm with over USD $25.8 billion AUC, has selected Integral’s cloud-based SaaS FX technology to empower their growth strategy in Mexico.
Integral said that it was awarded this deal in a competitive process with other technology vendors and represents another important SaaS partnership in Latin America as part of Integral’s global growth strategy. For GBM (BMV:GBMO), Integral’s FX technology solution provides direct liquidity connectivity, a sophisticated pricing engine, and complete risk management capabilities. The solution enables the broker to support both voice dealing and fully electronic workflows in modern branded user interfaces. As a result, GBM will be able to scale to service its growing customer base and address new market segments.
Carla Merino Olivera, Head of Fixed Income/Sales at GBM said:
“The implementation of Integral’s SaaS technology enables us to better support our expanding client base, minimizing operational and market risk, all the while reducing our internal costs. With added touches, such as dedicated local Spanish-speaking team, Integral is a natural fit to support our growth strategy, that requires efficient use of technology and workflow automation tools.”
Harpal Sandhu, CEO of Integral added:
“This agreement demonstrates Integral’s global presence as a leading currency technology partner, supporting advancements in FX trading in the Latin American region. Our cloud-based SaaS offering is well suited to support GBM’s growth, benefitting from an FX workflow that is fully automated and highly configurable, spanning across the entire trading lifecycle to deliver better outcomes for their customers.”
About Integral Development Corp
Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with close to $60bn traded, transacted or exchanged daily on our network. Adopted first by the financial markets and now invaluable to every global business across all industries – our corporate-meets-consumer cloud, technology stack is already powering the change and solving the currency challenges every global organization is facing. Founded in 1993, we built our cloud technology before the world knew what cloud was, and maintain development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore.