Intix is proud to launch xCOMPLY to help financial institutions deal with compliance operations more efficiently.
Regulatory requirements are becoming more and more complex, and financial institutions know that access to transaction data has become a must. However, the evolution of the regulatory landscape means that transparency on the business context of transactions has become vital. xCOMPLY achieves this by helping financial institutions to know their transaction (KYT) in a holistic and deep way. By combining transaction data with additional data sets, xCOMPLY will deliver contextual insights to support compliance with regulatory obligations. Understanding the origin of a payment allows financial institutions to analyse end-to-end business context and avoid non-compliance.
Marc Braet, Co-founder and CEO, Intix explains the product strategy decision: “Every piece of data counts in compliance operations. There is no escape for financial institutions to knowing their transactions as deeply as possible: they ought to get a holistic view on payments and their business context to comply with regulatory obligations. We launched xCOMPLY to help them achieve this as efficiently as possible.”
xCOMPLY enriches Intix portfolio which includes xTRAIL for instant access to transaction data, and xTRACE for end-to-end transaction tracking and alerting. Discover more about xCOMPLY on https://www.intix.eu/xcomply.
Visit Intix at Sibos. Intix has been a Sibos exhibitor since 2013 and will be present again at this year’s edition in Amsterdam to welcome guests on booth C15.
Intix is the leading data management company that serves global transaction banks around the world. Intix has developed the most comprehensive, one-stop-shop technology solution for financial institutions to develop a competitive advantage using transaction data. From finding the needle in the transaction haystack, to fixing the friction in the transaction flow, and knowing transactions (KYT) as deeply as possible for compliance and audit, Intix helps financial institutions serve their clients better and streamline compliance operations.