Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired an Indian data solutions company Fintellix.
Bangalore-based Fintellix specialises in the development of data management platforms and regulatory reporting solutions for financial institutions.
"Companies across the globe are looking to integrate their enterprise-wide data capabilities while addressing the broadening regulatory requirements of the markets in which they operate," said Nana Banerjee, group president at 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," he added.
Scott Stephenson, chairman, president, and chief executive officer (CEO) of Verisk Analytics, commented: "Fintellix and its advanced data management platform, along with its regulatory reporting expertise, will be a valuable addition to both Argus and Verisk Analytics."
Vivek Subramanyam, CEO of Fintellix, said: "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. The entire Fintellix team is excited about becoming part of the Verisk family."
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Verisk Analytics, Acquisition, Fintellix, North America, Asia Pacific, India