Intellex Plc (founded 1999) has been formed to fill a gap in the Corporate Payments area of the financial services sector. It has long been recognised that Small to Medium sized Enterprises (SME) are disadvantaged when dealing with the exchange and transmission of foreign funds to overseas organisations. This disadvantage has held back the growth of the S.M.E. particularly at a time when technological advances should have made global trade more user-friendly and available to all.

Having experienced the 'uneven playing-fields' of international trading, it became rapidly apparent that by applying lateral thinking, a new and better way of transacting across borders could be achieved. There had to be a reduction of costs as well as maintaining or improving service levels to achieve the required solution. Additionally, the solution had to be applicable to organisations which did not have the luxury of their own Treasury department.

Having tried and tested several of the Major Banks proprietary systems, we believe we have designed the ultimate system that not only enables S.M.E.'s to be competitive in the market but also takes out the unfairness of being obliged to commit a Company's foreign currency business to any single Bank. Through 'natural market forces' our clients obtain the best deal.

The resulting methodology not only satisfied all of our requirements for an improved system but also generated a new revenue stream. It was this final benefit that lead to the Company offering these services to third parties.

Although our system was designed with the S.M.E. in the forefront of our mind, the effect and savings achievable are equally applied to any size Corporation.

The result is "Intelligent Exchange™" in forex or Intellex™.

The Intellex™ system is currently and has been consistently used for over 7 years in the music industry. During this period a substantial income has been generated from the system's use in foreign exchange transactions.