UnionBank launches forex mobile platform

Customers will be able to access forex rates throughout the day.

UnionBank of the Philippines has partnered with Solace to power its real-time foreign exchange (forex) trading services, the bank announced in a press release.

Using Solace’s PubSub+ Platform, UnionBank can now stream real-time forex rates from its market data vendor to its customers’ mobile devices. This allows customers to access forex rates in real time throughout the day instead of being limited to stale rates updated only once per day.

Solace will also work with UnionBank to connect existing legacy systems with new applications whilst complying with protocol requirements, so UnionBank can facilitate the streaming of customer events from its banking system to the rest of its enterprise.