Scivantage Ranked as a Top 100 Global Provider of Financial Technology in 2016 IDC Financial Insights Ranking For Fourth Consecutive Year

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Scivantage's continued innovation in Digital Wealth Management and Cost Basis solutions has delivered consistent value to its clients.

Scivantage®, a FinTech 100 technology provider of Digital Wealth Management and Cost Basis solutions, today announces it has been named to the IDC Financial Insights 2016 FinTech Rankings Top 100.

During the past year, Scivantage has continued its innovation, building on its industry leading platforms to help financial services firms deliver advanced client experiences and enhance their operational efficiencies.

The Digital Wealth solution, Scivantage Investor™, empowers financial firms to deliver a unified digital experience at each touch point with their end-client. This year, Investor rolled out the next generation of its leading digital wealth platform, including a complete overhaul of its user experience, the introduction of the Advisor Connect module and continued emphasis on digitizing investment information with Sqope™, its personal portfolio performance solution. Also, Scivantage recently announced a partnership with FolioDynamix to develop an enterprise-grade digital advice robo solution.

Scivantage continues to expand on Maxit®, its cost basis reporting system. The Maxit team finalized the third phase of the 2008 Emergency Economic Stabilization Act by implementing cost basis support for complex debt. A primary focus now is bringing cost basis to the next level with client facing tax management tools. The team has implemented an unprecedented 27 conversions to its Maxit platform in the last 36 months.

“Being ranked in IDC’s top 100 Global Provider of Financial Technology for the fourth year in a row is a testament to the focus we place on continuous innovation of financial services technology solutions,” said Chris Calhoun, Chief Executive Officer at Scivantage. “As our clients’ needs continue to evolve; we evolve with them, developing new ways for our clients to deliver their products and services to their end-clients. Our goal is to stay a step ahead of the market, differentiating our clients from their competition and helping to grow their business.”

Each fall IDC Financial Insights publishes a comprehensive Fortune 500-style ranking of the hardware, software and service providers to the financial services industry. The rankings are the centerpiece of the FinTech Rankings Special Report, distributed with the September 29th edition of Bank Systems & Technology. The ranking of the top vendors is categorized and evaluated based on calendar year-end revenues and the percentage of revenues exclusively attributed to financial services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights.

About Scivantage
Scivantage® is a FinTech 100 technology provider of Digital Wealth Management and Cost Basis solutions. With proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications, Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions. Leading financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, depend on Scivantage’s cloud-based technology to achieve critical business insights, generate new revenue and build stronger customer relationships. For more information, please visit or contact us at +1.646.452.0050.

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