By: 31 May 2024

The move was announced at Canada Payments Summit

Intix confirms further Canadian expansion

In a move that underscores the company’s global outlook, transaction data management specialists 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.  

In the face of changing regulations and customer desires, Canada’s payments ecosystem is undergoing a massive transformation. Financial institutions across the region are trying to adapt, but need support to ensure they can meet these new demands. Specifically, 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. 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.

Speaking on the continued expansion, Intix’s director Americas and UK, Erik De Belder commented: “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.

Discussing Intix’s expansion, 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.”

Our reporter Robert Welbourn recently sat down with Intix chief marketing officer Tina Fisher.

Image: Alex Shutin on Unsplash

Robert Welbourn
Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.