Financial technology firm Integral has announced that it has partnered 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 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.

“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,” said Scott Johnson, head of Product at Western Union Business Solutions. “Ultimately, this helps our clients efficiently manage international payments, 24/7.”

“BankFX allows Western Union to further enhance their risk management operations with the support of reliable and state-of-the-art technology,” said Harpal Sandhu, Integral’s CEO. “Integral and Western Union share the mission to help customers grow their business. We anticipate a very successful long-term partnership and are honoured to work with such experienced industry leaders.”