Trax, the payments message processing platform provider, has opened new offices in Frankfurt and Tokyo. It says this reflects growing customer demand for its protocol-neutral payment processing solutions in Europe and Asia-Pacific. Trax, launched in 2002, recently opened an office in France and is now present in three other countries – Belgium, German and Japan – with plans to open a New York office later this year.
Trax says banks are under increasing pressure to enhance their offerings to retain corporate clients. At the same time, corporates are keen to capitalise on greater choice from banking providers and seek flexible solutions enabling them to change banks as business demands.
“The flexibility of our platform and its ability to handle all financial message flows regardless of protocol has been critical to our success,” says Hans Cobben, CEO of Trax. “With both corporates and banks seeking modular, scalable solutions that can easily be adapted to meet dynamic business needs and technological advancement, Trax is well-placed to continue this period of strong growth. Our solutions lend clients critical competitive advantage and they look to us to deliver the market’s most sophisticated technologies. As new ways of working with existing protocols – and indeed new protocols emerge – we are always quick to capitalise on the opportunity to deliver value-added technologies.”