Informa Financial Intelligence to combine FBX Business with Novantas, Inc.
Informa Financial Intelligence, a leading provider of solutions for financial services professionals, announced that their FBX business will be combined with Novantas, Inc, a preeminent fintech provider of advanced decision support systems and data to the banking industry.
With their unified offerings and solutions, this combination will create a leading data intelligence business serving the retail and commercial banking market across lending, deposits, and digital banking solutions.
The development has been agreed between Informa, Novantas,Inc and Inflexion, a mid-market private equity firm. The combination is subject to customary US regulatory approval and the finalization of additional terms and documentation and is expected to complete by the end of the first half of 2021.
FBX launched in September 2020 as a single brand, combining Informa Financial Intelligence’s Informa Research Services, ICON Advisory Group, Mapa Research, BankTrends and eBenchmarkers businesses. It provides quantitative and qualitative competitive intelligence that supports the performance of retail banks’ portfolios.
Recommended AI News: DeepCube Acquired by Nano Dimension to Drive Industry 4.0 Evolution
Novantas delivers advanced decision support systems and actionable intelligence on customer behaviors and competitive position to the world’s leading banks, providing predictive scoring, cross-bank data comparisons, advanced analytics, and behavioral analysis. Their solutions allow banks to improve customer acquisition and customer relationship value, optimize rate and branch networks, and accelerate digital transformation across the retail and commercial banking sector.
“We’re excited at the prospect of bringing our competitive intelligence business FBX together with Novantas,” said Craig Woodward, President of Informa Financial Intelligence. “Financial institutions are facing increasing competitive pressures, narrowing margins and the accelerated transformation from physical to digital banking. FBX and Novantas are very complementary, and the combination will give us a broader suite of analytical tools, data sets and deeper market expertise, allowing us to better help our customers make profitable decisions, faster, in a changing and demanding market.”