Mumbai, NFAPost: ICRA has entered into a definitive agreement to acquire Fintellix, a leading
provider of risk and reporting solutions to global financial institutions.
Fintellix, a Bengaluru based product-led company, specialising in risk, supervisory, and data analytics
solutions on its proprietary data platform. Fintellix enables global financial sector entities to meet
regulatory requirements while efficiently managing data and providing superior analytics.
Commenting on the development, ICRA Managing Director and Group CEO Ramnath Krishnan said with this acquisition, ICRA reiterates its commitment to being a leading risk technology player.
“This space is fast evolving with increasing regulatory scrutiny in financial markets, and we believe Fintellix and ICRA together will better address the emerging market needs,” said ICRA Managing Director and Group CEO Ramnath Krishnan.
Fintellix CEO Shailendra M said this marks a new chapter for Fintellix – one where product innovation and global experience will be amplified by ICRA’s scale, credibility, and deep understanding of financial risk.
The acquisition will additionally strengthen ICRA Group’s portfolio of credit risk assessment and monitoring tools by adding risk reporting capabilities to its existing solutions. ICRA’s portfolio includes
credit risk software solutions, Early Warning Systems (EWS) and asset classification tools.
