ATLANTA, GA (July 11, 2024) – treXis, LLC, a leading engineer of digital banking software, today unveiled a new suite of integrated modular solutions designed to help financial institutions (FI) reassert control over their core systems and assets in the age of open banking. The solution set addresses four interrelated modernization challenges facing FIs:

- Consolidating data from disparate legacy systems
- Provisioning and enhancing data security
- Unified systems access across the enterprise
- Integrating open banking and emerging technology into existing ecosystems.

The modular design of treXis solutions provides unprecedented flexibility and deployment agility; enabling FIs to better evaluate and manage the performance costs of third-party systems. Working with treXis software engineers and deployment experts, FIs can quickly connect and integrate data across their distributed legacy systems into a single source of truth and precisely provision access at all organizational levels. Establishing a unified data and systems framework will enable FIs to better plan for and adopt open banking solutions and experiences for their customers.

“Financial institutions cannot hope to build an open banking future on the fragmented systems and outdated infrastructure of the past,” says Hendrik Tredoux, CEO, of treXis. “For the past 15 years, our software engineering teams have collaborated with financial institutions to develop bespoke solutions for their most complex integration and data provisioning challenges. We have now distilled this extensive institutional knowledge into the industry’s first fully modular solution suite, designed to deliver digital banking transformation with speed and scale.”

The treXis digital banking solution suite encompasses core components that, together, provide core functionality and capabilities critical to the future of open banking, as well as the adoption of advanced technologies like AI.

The treXis Data Hub centralizes all systems of record, ledgers, or core data from multiple systems into a single unified API based upon industry standards such as FDX and BIAN. The Data Hub is engineered to provide plug-and-play connectivity to all major core providers, enabling data from disparate systems to be integrated into one comprehensive source of truth across an entire banking enterprise.

Real-time data accessibility and advanced security and compliance ensure FIs can use their data to make fast, informed, effective decisions while guaranteeing compliance with security standards to protect their most valuable strategic asset. Enterprise-wide data integration is key to enabling advanced analytics to drive business performance and a prerequisite for integrating AI to power growth and banking innovation.

The treXis Entitlements Engine allows FIs to dynamically control entitled access and consent across all digital channels. The Entitlements Engine provides authorization functionality and access control at the enterprise level, as well as comprehensive access auditing and fine-grained access control, enabling an institution to grant, modify, or revoke consent for each user and each third-party service.

The Data Hub and Entitlements Engine are designed to be flexible and adaptable to address any configuration of legacy systems and components while enabling FIs to maintain a differentiated strategy from competitors. All treXis solutions are built on industry standards – including Java, Spring, Kubernetes, Flutter – and Angular to streamline adoption and speed deployment, while enabling internal technology and development teams within an FI to maintain, control, and evolve systems over time. treXis solutions can be applied to any banking environment, including business, commercial, private, and consumer.

“Our differentiated go-to-market strategy is focused on collaboration and institutional control,” explains Dylan Shaver, Chief Revenue Officer, treXis. “We don’t just provide tools and technology. We teach and transfer knowledge to enable our customers to retain sovereign ownership and control to freely develop their technology solutions rather than operate at the mercy of vendors and their timelines, agendas, and revenue goals.”

About treXis:
For more than 15 years, treXis has shaped the future of digital banking through innovative solutions that deliver accelerated outcomes and empower financial institutions to regain control over technology. Known for its commitment to excellence and engineering prowess, treXis partners with clients to bring their visions to life, ensuring a seamless transition to cutting-edge digital platforms that can maintained and sustained by financial institutions themselves. For more visit http://www.treXis.net