MDX Technology (MDXT) has acquired UK-based Iceflow Technology, a low-code/no-code Software-as-a-Service (SaaS) workflow solution for financial institutions.
MDXT acquires low-code/no-code SaaS workflow solution Iceflow
Iceflow has been developed by Graham Denyer, ex-IHS Markit and architect of the original Markit EDM solution.
Denyer will join MDXT as chief technology officer (CTO).
“Iceflow is the culmination of 20 years’ experience in building financial services workflow solutions. The tool has been specifically designed to solve some of the pressing requirements that a lot of institutions struggle with such as post-trade processes, compliance workflows, know your customer (KYC) and more,” Denyer says.
Earlier this year, Denyer invested an undisclosed amount in MDXT, alongside several other private backers.
“MDXT has over 35 customers across the financial services landscape and all of them are looking to automate as many of their manual processes as possible,” says Nigel Someck, CEO of MDXT.
“Often, opportunities are missed due to crippling development lead times. Iceflow is the perfect solution enabling them to rapidly build and deploy integrated workflows in days.”
He adds that one client is already in the process of adopting Iceflow.
MDXT provides real-time data collaboration technology to financial institutions including tier one banks, brokers, trading venues, and buy-side firms. Among its clients are TP ICAP, HSBC, MarketAxess, Marex, ICE and Royal Bank of Canada.
The company is headquartered in London, UK, with offices in North America and representation in Asia Pacific.
Log in with your FinTech Futures account
Alternatively, post a comment by completing the form below:
Your email address will not be published. Required fields are marked *

@stripe simplifies bank transfers for UK, EU and Mexican businesses #Payment processing giant @stripe says it has……
What is #corebanking? Having spent 30 years in #banking #technology asking what core banking is seems a strange qu……
What the Actual #crypto is going on? The last few months, especially weeks, have been difficult in the realms of c……
#Fintechs Stanhope and Stenn hire new CPOs as they look to scale Paytech veteran Rob Groombridge joins Ireland-bas……
#SME #paytech @SumUp raises €590m at €8bn valuation This latest round of debt and equity funding brings SumUp’s to……
Video: How @Payoneer prevents #financial crime with @ThetaRayTeam‘s tech Payoneer trusts ThetaRay’s #AI Powered Tr……
B2B #BNPL fintech @hokodotech raises $40m in Series B funding round UK-based start-up Hokodo has secured $40 milli……
@Mambu_com welcomes four new senior leadership hires Fernando Zandona was appointed as chief technology officer (C……
Receive updates straight to your inbox each day
Available to download for free
Congratulations to all of this year's winners!
Find a job or post a vacancy


Leave a Reply