Intix Unveils Canada Expansion Plans to Provide Support to FIs
May 23, 2024

Transaction data management specialist Intix has confirmed plans to expand further into the Canadian market to help to provide even more effective support to financial institutions in the country.

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.

Canada’s payments ecosystem is undergoing a massive transformation. The need for financial institutions to possess advanced data management capabilities is now greater than ever, despite few companies having the ability to do so.

In response, Intix, the go-to transaction data management solution for some of the world’s leading financial institutions, including FIS and Clearstream has announced its continued expansion into Canada.

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.”

At its core, 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 also 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, analyze, 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 organization 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.”

Intix is attending The Canada Payments Summit, taking place at the Beanfield Centre in Toronto on 29 to 31 May, and can be found at stand nine across either day of the event.