MDX Technology has bought Iceflow Technologies Limited, a SaaS workflow service for financial institutions.

Iceflow enables users to build workflows on-the-fly, circumventing congested development queues.

Nigel Someck, CEO at MDXT, said, “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. Often, opportunities are missed due to crippling development lead times. Iceflow is the perfect solution to build and deploy integrated workflows.”