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Interblocks joins IFX Forum

Interblocks  announced its entry to the Interactive Financial Exchange (IFX) forum, where business and technology professionals gather to develop and promote adoption of IFX. Comprising of leading banks and technology  leaders in the global banking & financial services industry,  the admission makes Interblocks one of the few  “service delivery” solutions developers globally to be appointed as a member of the forum.

With rapid development in technology, the exchange of financial information across a diverse portfolio of delivery channels in a cost-effective manner has become the need of the hour today, challenging solutions developers to adapt to these market drivers while maintaining the integrity of the transaction. Thus, the need for an open, interoperable standard for financial data exchange that is designed to meet the business requirements of the global financial services industry.

The IFX specification is a mature, well-designed XML-based financial messaging protocol, built by financial industry and technology leaders. Decades of combined experience and high-end design principles have been incorporated into its creation, aimed at meeting today’s challenges. Developed “by bankers, for bankers,” IFX is possibly the most comprehensive framework for managing financial transactions on the market today.

“Our software, based on the IFX framework, has allowed us the flexibility to adapt our solutions to meet the changing requirements of the market, without compromising on security. This flexibility has enabled our customers to innovate within their service delivery portfolio, constantly pushing the payments industry to greater heights,” said Dinesh Rodrigo, CEO, Interblocks Ltd. He added, that being an early adopter, Interblcoks currently has the most number of IFX based  implementations globally, and the integration of this framework has been the foundation of long-term client satisfaction.

Interblocks’ entry into the IFX forum marks their position as a leader in the payments industry and augurs wells for their expanding global recognition.

For more information on IFX visit www.ifxforum.org