Intix signs KBC Bank for messaging warehouse

Source: INTIX

INTIX, a global provider of innovative solutions for the financial industry, has announced at SIBOS that KBC Bank has signed a contract with INTIX to implement the firm's INTIX Message Warehouse solution.

The INTIX Message Warehouse is a new solution for the financial services industry that enables companies to access and manage their financial messaging data in an efficient, secure and cost-effective manner.

KBC is one of the largest integrated financial services companies in Belgium, offering banking
and insurance services for retail, SME and midcap customers in its home market of Belgium and other countries in Central and Eastern Europe.

"Financial services firms are constantly recording significant volumes of financial messages,"
said Marc Braet, Managing Partner at INTIX. "A challenge is that many of these financial
messages are hosted and stored in different formats and platforms. Our INTIX Message
Warehouse solution makes it possible for financial services companies to access, sort, analyze and create reports based upon their financial services messages, inclusive of all formats and systems. We expect that our clients will see significant cost savings and operating efficiencies, as well as enhancing their ability to comply with regulatory requirements related to financial messages."

The INTIX Message Warehouse enables clients to replace their existing silo-based solutions with a single platform, providing web-based access to all users, and substantially reducing the costs of managing the company's financial messages.

The INTIX Message Warehouse is an easy, secure and cost effective access and reporting
solution for all financial messaging data. The INTIX Message Warehouse is channel agnostic, and handles all financial formats, including SWIFT MT and MX formats. By implementing this
solution, KBC Bank will benefit from an increased operational efficiency and a much lower Total Cost of Ownership (TCO) for all its financial messaging operations.

"As a Belgium-based organization, we are very proud for having been selected by KBC Bank, one of Belgium's largest financial services groups," said Marc Braet, Managing Partner of INTIX.

"This deal demonstrates the value that INTIX brings to leading financial institutions in helping
manage the complexities of huge volumes of financial messaging data, complying with various
standards and requirements, while at the same time enabling the banks to minimize costs." 

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