One of the leading currency technology providers, Integral, has announced a new partnership with Yapı Kredi Kripto. Integral has been selected by the company to support its digital asset trading services in Turkey. The collaboration will help Yapı Kredi Kripto in its preparations for its upcoming regulated digital asset business. The partnership will enable the company to offer cryptocurrency services to its customers.
Meanwhile, Turkey is still working to build its regulatory framework for digital asset service providers. The new framework provides a regulated environment for the financial institutions. This enables institutions to broaden their offering for customers looking to access the cryptocurrency market.
Yapı Kredi Kripto has deployed Integral’s digital asset trading technology in several core areas. These areas include pricing, liquidity and risk management.
These capabilities together provide the infrastructure for cryptocurrency trading operations. They also enable a safe, efficient customer experience. The technology can therefore help Yapı Kredi Kripto with the key requirements as it prepares for launch.
Harpal Sandhu, CEO of Integral, said: “Banks are increasingly looking to provide their customers with access to digital assets, but doing so requires the same focus on resilience, liquidity, risk management and regulatory requirements that underpins traditional financial markets. We are delighted to expand our relationship with Yapı Kredi and support the bank as it enters the regulated digital asset market. Our established FX business with Yapı Kredi, together with our experience supporting regulated firms in Türkiye, provides a strong foundation for this next stage of our partnership.”
Integral Supports Regulated Crypto Services
Integral’s existing presence in Turkey was important to the partnership. The technology provider has a long-standing history of working with regulated financial institutions in the Turkish market. Integral has been providing FX trading infrastructure to financial institutions throughout Turkey for years. Its technology also supports risk management requirements in regulated financial markets.
The experience also provided Yapı Kredi Kripto with an established technology partner for its digital asset plans. Integral also understands the operational requirements of regulated financial institutions in the country. The provider also helped accelerate time to market for the solution. This feature allowed Yapı Kredi Kripto to easily integrate the technology in preparation for the launch of its digital asset services.
The partnership also builds on an existing relationship between Integral and Yapı Kredi. The companies already cooperate through Integral’s FX business. And that existing relationship gives a strong base to expand into digital asset trading. It also offers both organizations experience with financial technology needs in Turkey.
Emphasis on Liquidity and Risk Management
The partnership highlights the growing significance of digital asset technology in financial services. Reliable infrastructure to access the cryptocurrency market is becoming more and more important for financial institutions. At the same time, regulated institutions are required to meet liquidity and risk management requirements. They also have to keep their trading operations technology resilient.
Integral’s integrated capabilities deliver the digital asset trading technology to support these operational needs. The platform provides pricing, liquidity and risk management within a single technology framework. Therefore, Yapı Kredi Kripto is able to develop its cryptocurrency services on the basis of already existing financial market infrastructure. The approach also helps it prepare for operating within the regulated digital asset environment of Türkiye.
This partnership is another step in the development of regulated cryptocurrency services in Türkiye. It combines Yapı Kredi Kripto’s digital asset plans with Integral’s financial market technology.
Therefore, the partnership places Integral’s digital asset trading technology within the future service infrastructure of Yapı Kredi Kripto. The companies will focus on supporting secure crypto trading as the regulated business moves toward launch.
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News Source: Businesswire.com
