Verisk Analytics to Acquire Data Solutions Vendor Fintellix

The acquisition extends the vendor’s expertise in data solutions designed to meet the regulatory compliance needs of financial institutions in multiple geographies.

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Verisk Analytics (Jersey City, N.J.) has signed an agreement to acquire Fintellix, a Bangalore-based data solutions company specializing in the development of data management platforms and regulatory reporting solutions for financial institutions. Fintellix will become part of Argus, a Verisk Analytics business.

Vivek Subramanyam, CEO, Fintellix.

Vivek Subramanyam, CEO, Fintellix.

“Companies across the globe are looking to integrate their enterprisewide data capabilities while addressing the broadening regulatory requirements of the markets in which they operate,” comments Nana Banerjee, group president, Verisk Analytics. “The acquisition of Fintellix positions Verisk and Argus to expand our data hosting and regulatory platforms and better address the increasingly complex needs of our clients.”

“The solutions offered by Fintellix enable financial institutions to leverage their current investments in core operating systems and infrastructure in a robust, agile, and scaled manner,” comments Vivek Subramanyam, CEO, Fintellix. “The entire Fintellix team is excited about becoming part of the Verisk family.”

Advanced Data Management Platform

Verisk characterizes the acquisition as extending its expertise in development of products and data solutions designed to meet the regulatory compliance needs of financial institutions in multiple geographies.

“Fintellix and its advanced data management platform, along with its regulatory reporting expertise, will be a valuable addition to both Argus and Verisk Analytics,” comments Scott Stephenson, chairman, president, and CEO, Verisk Analytics.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For over a decade he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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