ICG is a prominent Market Infrastructure that acts as a bank draft administrator for Clearing House, Automated Clearing House (ACH) and SWIFT. ICG signed up for the INTIX Message warehouse solution to support its member banks with their critical audit and compliance requirements.

The INTIX Message Warehouse solution will provide ICG’s member banks with detailed audit and compliance reporting and incident management functionalities. They will also have valuable insight in their messaging flows thanks to the integrated and flexible business intelligence dashboards.

The INTIX Message Suite offers financial institutions a centralised solution to access all of their stored messaging data and long-term archives, enabling high-performance search, reporting and business intelligence functionalities. It enables searching and reporting across all financial message types. Users of the INTIX Message Warehouse solution will benefit from an increased operational efficiency and a significantly lower Total Cost of Ownership (TCO).

Erhard Schafer, ICG’S CEO, stated “INTIX provides an excellent solution to manage SWIFT archives. Its capabilites exceeded our clients expectations enabling them to comply with their internal audit, compliance and other requirements in a timely fashion. It is nicely designed and focused in the end-user experience”.

“Financial services companies are constantly recording significant volumes of financial messages. By doing so, they are facing a huge challenge because many of these messages are hosted and stored in different formats and platforms,” said Marc Braet, Managing Partner of INTIX. “Our INTIX Message Warehouse solution enables financial institutions to access, sort, analyse and create reports based upon their financial services messages, regardless of which formats and systems. We are convinced that our clients will experience significant cost savings and operating efficiencies, as well as an enhancement of their ability to comply with regulatory requirements related to financial messaging.”