Today INTIX announced a €1 million Series A funding round led by Pamica NV, the investment company of Michel Akkermans. Michel Akkermans will join the INTIX Board.
Based in Belgium with an international client base, INTIX providesinnovative solutions for financial messaging data analytics. It will use the proceeds of this round to accelerate both product development and worldwide commercial roll-out.
The modular INTIX suite of solutions is unique as it provides financial institutions with a single window to all their financial messaging data, irrespective of formats and standards. “This easy access to all messaging data enables our customers with better reporting and analytics which leads to improved operational efficiency and compliance. At the same time our solutions offer the opportunity to turn all this data into valuable and actionable information”, says Marc Braet, INTIX CEO and co-founder. “It also means that our customers can now respond to queries from regulators and/or their customers in a timely and holistic manner.”
The INTIX Message Suite is deployed in-house and connects in an easy, non-intrusive way, seamlessly with any source system or interface. “In one click, users can drill down to the details of the underlying transaction and consult the full lifecycle of the message” explains Wouter Van Santvliet, INTIX CTO and co-founder.
“The easy-to-use and complete suite of solutions breaks down the organizational silos that typically exist within financial institutions to provide a complete picture of an institution’s messaging data across a myriad of sources”, says Michel Akkermans. “Not only does this make it easy for financial institutions to respond to the increasing requirements for compliance and reporting, it also provides a business opportunity to turn financial messaging data into valuable insights and information for their customers’ benefit”.
This funding round will enable the INTIX team to accelerate its commercial expansion and product evolution plans whilst maintaining its reputation for innovative and operational excellence.