Source: INETCO Systems Ltd.
INETCO Systems Ltd., a leading provider of transaction monitoring and analytics solutions for the banking and payment processing industries, is opening an office in London’s Shoreditch—Tech City—area.
Leveraging the support of the Canadian Technology Accelerator (CTA) initiative, a program that helps high-growth Canadian companies gain access to global markets, INETCO aims to make it easy for retail banks and payment processors across Europe to access real-time transaction intelligence, resolve performance issues up to 75% faster, and deliver the most exceptional consumer experiences possible.
“As a global hub for finance and technology, London is a natural city for innovative Canadian firms to put down roots and establish their European presence,” said Gordon Campbell, Canada’s High Commissioner to the United Kingdom, regarding the move by INETCO. “We prioritize creating opportunities here in the UK for proven, leading Canadian enterprises and are pleased to support our Canadian Technology Accelerator companies to do just that. Our CTA-UK program is tailored to support—through unique resources and contacts—those small and medium-sized businesses from Canada that have the vision, commitment and technology to expand into Europe and beyond.”
INETCO’s flagship software, INETCO Insight, provides retail banks and payment processors with visibility into the performance of every consumer transaction, including those originating from ATM, point-of-sale (POS), Mobile and Internet banking applications. Data revealed for each transaction includes application payload information such as card type and transaction amount; metadata such as terminal ID and transaction status; and network-level response and request timings broken down by various applications, service providers and authorization hosts. This software provides a truly unique, “one stop” window into the workings of a retail banking or payment processing network, as well as the transaction-level statistics needed to understand consumer usage patterns so that business executives can make more profitable decisions.
“Having a physical presence in the UK will greatly expedite INETCO’s expansion within the European banking, payment processing, and retail markets,” said Bijan Sanii, President & CEO of INETCO. “INETCO Insight has already been adopted by European financial institutions such as TNSi and Sinergia—we’re excited to build on these initial European inroads with the support of the Canadian Trade Commissioner Service.”
INETCO’s office space will be located in the vibrant Central Working club, located in the heart of Shoreditch—London's own Silicon Valley. This latest Central Working club is expected to help over 22,000 digital businesses during the next 5 years. Other financially focused companies located in Central Working locations include Barclays, IP Payments and Aire. Fellow Canadian companies joining INETCO in Central Working include Analyze Re, ReFleX Wireless and Populus.
Whether in London, in Chicago at the upcoming BAI Retail Delivery conference (Nov 12-14), or anywhere around the globe, email email@example.com to learn more about how your organization can benefit from INETCO Insight real-time transaction monitoring and INETCO Analytics for ATM.
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