BankservAfrica, headquartered in Johannesburg and operator of Africa’s largest interoperable payments switch, will implement the INTIX Data Management technology to financial institutions’ customers located in South Africa and other African countries.
The INTIX Message Warehouse solution will be provided by BankservAfrica as a cloud- based turnkey solution building on BankservAfrica’s connectivity hub. This will enable financial institutions connected to BankservAfrica to access all of their financial message transaction and long-term archives, including searching, reporting, monitoring and business analytics across various formats and channels.
“We are delighted to add INTIX to our portfolio so as to enable our financial institution customers to obtain increased visibility on their financial flows,” said Martin Grunewald, CEO of BankservAfrica Integrated Solutions. “By integrating INTIX, BankservAfrica brings more value to the market which is extremely welcome by our clients.”
“By bringing INTIX to its clients, BankservAfrica is demonstrating its leadership in introducing advanced technologies to its clients. The INTIX technology will ease the adoption of emerging cross-border payments practices and platforms”, said Marc Braet, CEO, INTIX.
As Africa’s largest automated clearing house, BankservAfrica processes close to three billion low value interbank payment transactions valued at ZAR 8 trillion annually. With a 43 year history in South Africa, BankservAfrica operates 24×7, 365 days a year and maintains excellent SLAs. BankservAfrica’s innovations are world firsts e.g. Saswitch, same-day cheque clearing, real-time clearing (RTC), early debit order (EDO), electronic funds transfer (EFT) same-day value and integrated cash management system (ICMS). Highly regulated, BankservAfrica is compliant with international banking security best practice and standards and reduces risk and complexity in the industry.
INTIX, based in Mechelen, Belgium and working internationally, is a provider of data management solutions for the financial services industry. INTIX clients benefit from data intelligibility across all transaction types and asset classes. INTIX facilitates increased visibility, automated reporting, real-time transaction monitoring, track and trace and business intelligence. INTIX customers are financial institutions and corporates based in Africa, Asia, Europe, Russia and South America. More information is available at www.intix.eu.