Intix, the transaction data management solution for some of the world’s leading financial institutions, including FIS and Clearstream has announced continued expansion into Canada. From alleviating friction in transaction flows to delivering real-time, efficient, and contextual data insights, Intix’s solutions provide Canadian businesses with the ability to effectively trace, track, and understand transactions. Intix’s Director Americas and UK, Erik De Belder said: “With Intix, financial institutions gain instant and real-time access to payment data, regardless of the system or silo it is stored in. Our solution is already empowering financial institutions across Canada to navigate an ever-evolving financial landscape effectively. Now, we’re aiming to go further and to reach new heights in terms of compliance and customer service.”

Intix data management platform: powering 4 of the top 10 European banks

Intix’s unique transaction data management platform has been designed to aggregate transactions into a single, easily accessible data window. This innovative system is currently powering four of the top ten European banks, along with numerous other institutions in North America, APAC, and Africa.

De Belder added: “Intix’s platform is incredibly aligned to the demands facing financial institutions in Canada in 2024. Our platform consolidates and aggregates vast volumes of data, indexing it so users can find, analyse, and derive actionable insights from a single interface. In turn, we’re able to manage billions of transactions, tracking payments as they progress through the system in real-time.

“Ultimately, this eliminates the need for separate data lakes or systems that require complex coding for access, allowing any user within the organisation to access every transaction a bank has completed. This capability also extends to customers as well, which means with Intix individuals can check the status of their payments and view their transaction history in real-time, which helps to generate greater satisfaction and reduce manual queries.”

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