Pure-play financial transaction insight engine
Intix at a glance
Intix is a global leader in transaction data management, enabling financial institutions to monitor and manage their financial data through a single window. The Know-Your-Transaction (KYT) platform provides real-time access, visibility, and transparency to all financial data, allowing seamless search, analysis, and decision-making. This improves operational efficiency and reduces costs, while helping clients navigate the complexities of financial data management and analysis.
NetGuardians was acquired by Summa Equity in September 2024. NetGuardians is a leader at the forefront of AI-driven fraud prevention and anti-money laundering (AML) solutions, underpinned by its proprietary 3D AI technology. This cutting-edge technology enables the protection of individuals and businesses. By analysing user behaviour and identifying unusual payment transactions in real-time, NetGuardians’ solutions significantly reduce false positives and ensure legitimate transactions are processed smoothly.
Intix and NetGuardians will collaborate and form a group to create the next generation financial crime solution. Intix’s expertise in financial data management will amplify NetGuardians’ cutting-edge technology, introducing plug-and-play AI analytics built on a standardized data foundation. In doing so, the new group will accelerate progress toward a shared goal of combating illicit financial flows, protecting individuals and businesses, and fostering an economy of trust.
- Year acquired
- 2022
- Revenue
- EUR 6m
- Location
- Belgium
- Employees
- 57
- Website
- https://www.intix.eu
- Investment theme
- Tech-Enabled Resilience
What are the challenges Intix addresses
-
USD 2tn
money laundered globally
-
Up to USD 281bn
laundered from environmental crime annually
Key developments from Intix in 2023
2023 further strengthened Intix from a recruitment perspective with a new Executive Chairman, CEO and CTO, as well as commercial and technical aspects. The go-to-market strategy was reviewed, and Intix continued its traction with existing customers, with ~116% Net Revenue Retention (“NRR”) and new customers in the pipeline. A new partnership with FIS, a global Fintech leader, was signed, focusing on bringing Intix’ technology on indexing, archiving, crosscomponent search, real-time channel access and reporting to FIS’ over >220k customers.
Impact dimensions from Intix
How does Intix help?
Reality today
Illicit financial flows undermine political and economic security around the world. Banks often utilize manual processes and/or software with low scalability to detect and hinder fraud and remain compliant, raising the costs and effort required while and making it easier to make fraudulent transactions.
Intix approach
Intix transaction monitoring tools help financial institutions view archived and indexed transaction data and monitor and track transactions to detect discrepancies and raise alerts in real time.
Intix’ solution enables financial institutions to detect and hinder fraudulent transactions and money laundering performed by criminal actors and authoritarian governments.
Aspirational future
A compliant, secure, and globally accessible banking and payment structure to ensure financial stability and prosperity. One which is free from illicit financial flows, thereby hindering authoritarian governments and criminal actors to launder money and perform fraudulent transactions.
Who is impacted?
Society benefits as illicit financial activity is reduced and the cost and speed to regulatory compliance gets lower. Their solutions hinders fraudulent transactions and money laundering performed by criminal actors and authoritarian governments. Additionally, banks can use Intix technology to improve internal financial controls, and trace payment flows, raising trust in regulators, customers, and depositors.
Contribution
Intix contributes to decreasing fraudulent transactions and money laundering by enabling financial institutions to track millions of transactions daily and detect irregularities.
Risks
Technological efficiency risk and scaling globally.
