The Interactive Financial eXchange Forum today announced that two members have joined at the Small Business level: ACH Colombia, a private clearinghouse providing services to the majority of banks in Colombia, and Interblocks, a service delivery solutions provider for the global banking, financial services and telecom markets, based in Sri Lanka.
ACH Colombia is a new member; Interblocks was previously a member but had left the Forum several years ago.
The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange, IFX, which is available at no charge at http://bms.ifxforum.org/. The Forum's members and subscribers span 17 countries on five continents.
"Our newest members demonstrate the reach of IFX across the globe, and the value of Forum participation regardless of geography," said Richard P. Urban, President of the IFX Forum. "As we continue and expand our work with other international standards bodies, we need the involvement of all of our members, to ensure that insights from every region are included."
"Membership in the IFX Forum provides ACH Colombia with an excellent avenue to stay informed about and to participate in the development of international financial standards," said Gustavo Vega, CEO, ACH Colombia. "We look forward to employing our experience to help the Forum drive best practices for financial transaction messaging internationally."
"The IFX Forum has been part of the Interblocks success story, and we have always valued the IFX Forum, its mandate and purpose. We have been successful in proving the advantages of the mandate of IFX to our customers globally and look forward to being part of the Forum and contributing our experience and expertise in furthering the objectives it has set out to achieve," said Dinesh Rodrigo, Chief Executive Officer, Interblocks.
In addition to developing IFX, the Forum actively engages in international standards activity, including longtime liaison efforts with ISO and contributions to ISO 20022, a leadership role in the Remittance Coalition set up by the U.S. Federal Reserve, and Memoranda of Understanding with ASC X9, BIAN and EPASOrg.
The Forum welcomes additional members to join in all its activities. More information can be found at http://www.ifxforum.org/join/. The Forum also hosts a free IFX Discussion Forum, where knowledgeable Forum members and other subject matter experts will answer IFX-related questions from the public.