Planixs Taps Big Data Tools Into FinServ

Big Data and analytics firm Planixs is entering further into the financial services market with help from Infor, a company that builds applications for an array of verticals, including FinServ.

An announcement on Thursday (Sept. 1) said Planixs and Infor will collaborate on Planixs’ Realiti solution, a platform that aggregates and analyzes data from external accounts and systems for real-time insight.

In the world of financial services, the platform will provide real-time visibility into liquidity and cash flow control for banks and other financial institutions, the firms said.

“We are looking to extend our global market presence and feel Infor’s outstanding enterprise reputation, and complementary offerings in financial services are a great match for our aspirations,” Planixs CEO Neville Roberts said in a statement.

As one of Planixs’ Global Complementary Partners, Infor will offer Planixs’ data analytics capabilities to its own clients.

“This partnership with Planixs not only underscores our position in the market but also extends our capabilities to deliver granular control and crystal-clear visibility throughout the front, middle and back office,” stated Infor SVP and GM of Services Industries Stewart Applbaum. “This helps cut risk and optimize revenue and performance for our financial leaders and challengers alike.”

Applbaum added that Infor expects the deal with Planixs to continue to disrupt the financial services sector.

In addition to this partnership, Infor has targeted other businesses for deals in recent months. Last year, the company acquired cloud commerce firm GT Nexus, and earlier this year, it announced a $25 million investment in Predictix in a reseller agreement.