Integral links with Western Union to employ eFX risk management tech

Integral has announced its partnership with Western Union to employ eFX risk management technology across its Western Union Business Solutions platform.

Western Union Business Solutions will deploy Integral BankFX across its risk management workflow. The platform offers Western Union Business Solutions full automation and customisation, including a high level of control of the more than 10,000 currency pairs available on its system, delivering a tailored eFX service to its clients.

Scott Johnson, Head of Product at Western Union Business Solutions commented: “We placed a premium on finding a trusted partner that could deliver reliable and leading-edge technology to support our requirements for risk management. 

“Because BankFX is a cloud-based solution, we are able to easily integrate it with our proprietary systems to help us effectively manage payments across our network, which covers over 200 countries and territories and more than 130 currencies. Ultimately, this helps our clients efficiently manage international payments, 24/7.”

Harpal Sandhu, CEO of Integral added: “BankFX is a highly configurable platform, so it is ideal for the bespoke solution Western Union Business Solutions requires. BankFX allows Western Union to further enhance their risk management operations with the support of reliable and state-of-the-art technology. 

“Integral and Western Union share the mission to help customers grow their business. We anticipate a very successful long-term partnership and are honored to work with such experienced industry leaders.”

Expert Analysis: Linking with a company as renowned and trusted as Western Union can be pivotal as Integral seeks to elevate its global presence. The benefits of risk management are crucial as firms seek to secure their operations globally.