Banco de Chile has implemented new foreign exchange (FX) technology from US-based provider Integral in an effort to automate its currency trading operations. The Santiago-headquartered lender is using Integral’s Price Engine and Liquidity Aggregation systems to centralise its FX pricing and execution processes.
Integral’s platform handles trading in offshore non-deliverable forwards, USD/CLP spot and forward contracts, and currency swaps across multiple trading platforms and client channels. The same technology is being used by Access Bank Nigeria.
The partnership will allow Banco de Chile to access real-time currency pricing through Integral’s direction integration with Datatec, the primary interbank FX and markets infrastructure provider in Chile.
The automation replaces manual FX processes at the bank, according to a joint statement, and is tipped to lower operational costs and improve transaction speed and accuracy.
Sergio Karlezi, manager of Banco de Chile’s treasury division, said the technology integration supports the bank’s digital transformation efforts and allows the system to be customised to “cater to regional market dynamics”.
Banco de Chile, founded in 1893, operates as a full-service bank with 2.7 million customers and 300+ branches nationwide. The bank reported a 22.3% return on average capital in Q3 2025.
Source: https://www.fintechfutures.com/
