Intix will help Clearstream meet demands for the better management of financial messaging data.
Deutsche Börse Group’s post-trade services company Clearstream is working with data solutions provider Intix in an effort to meet regulatory and customer demands for better access and management of financial messaging data, officials say.
Intix is a transaction data management platform that helps financial services firms “monitor, comply, manage risk, and detect fraud in every transaction by giving them the ability to see, search and analyze their transaction data,” officials say.
“Clearstream will have enhanced accessibility to … SWIFT MTs and ISO 20022 structured messages and files” via Intix, according to the announcement. Clearstream will also be able to offer “Single Window Access to all transaction data operating across all its data and silos, including legacy systems.”
Officials add that Clearstream “will implement Intix across its entire group operations and as such, has been provided with a license to a whole range of different users on the company’s platform.”
In addition, the Intix transaction data management solution “will be expanded to additional proprietary formats implemented by Clearstream with high-volume clients on bilateral channels, which is to materialize soon as the partnership progresses,” officials say.
“We are processing thousands of transaction data messages each day,” says Daniel Besse, CIO at Clearstream in a prepared statement. “Intix’s solution gives us easy access, comprehensive insight, and structured analytics for messaging data across our systems, thereby simplifying operational processes immensely.”
Based in Luxembourg, Clearstream is an international central securities depository (ICSD) that offers post-trade infrastructure and securities services for the international market and 59 domestic markets worldwide, with customers in 110 countries, officials say.
Clearstream also serves as a central securities depository (CSD), based in Frankfurt, which provides post-trade infrastructure support for the German securities industry, officials say.
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