New Initiatives

Comcorp is always looking to add value and innovate. Our competencies are inventing, developing, deploying, training, servicing & supporting business tools which support and/or integrate into existing workflow systems.

We are currently focused on a number of new initiatives in the middleware space.

IVX™ (Income Verification Exchange)

The Income Verification Exchange or IVX™ is a middleware software solution being developed by Comcorp which enables payroll vendors and lenders to securely transfer payroll data into the lenders workflow.

This has major benefits for lenders including the reduction of fraud, faster verification of income and employment, cheaper processing and more accurate scoring. The system has high level bank security at its foundation.

This software platform is scalable to other business processes including other industries and countries.

For further information contact or

DRX (Debt Review Xchange)

The Debt Counseling industry in South Africa has succeeded in attracting volumes of clients, however the industry has not yet optimized alignment of all the parties in order to best harness efficiencies to service the client.

The DRX is a standardized transactional and communication platform of services comprising middleware which enables the Debt Review industry to replace fax, phone and email based communication by exchanging data in a standardized secure electronic format.

Benefits:

→ Legislative compliance with the NCA
→ Transactional uncertainty is eliminated
→ Simplifies complexity of inter-party communication
→ Interoperability of standards and systems
→ Transaction transparency
→ Accurate industry statistics
→ Resolution of industry matters underpinned by an audit trail
→ Lookup services to verify data accuracy hence eliminating waste
→ A single view of the transaction
→ Faster resolution of matters at a reduced cost

We are also evaluating a number of new technologies with a view to integration with our existing solutions.

For further information contact or