Jersey City, NJ (PRWEB) October 19, 2016
Scivantage®, a FinTech 100 technology provider of Digital Wealth Management and Cost Basis solutions, today announces it has been named to the American Banker and BAI FinTech Forward Rankings 2016. The award recognizes top players in financial services technology that generate one-third of their revenue from financial institutions. Scivantage has been named to the FinTech Forward each year since its inception in 2014.
This award comes on the heels of Scivantage being ranked as a top 100 IDC Financial Insights 2016 FinTech company. The company has continued to show its innovative leadership by 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 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. In addition, 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.
“We are proud to be included in the FinTech Forward 100 for the 3rd consecutive year,” said Chris Calhoun, Chief Executive Officer at Scivantage. “We strive to be innovative and agile to allow our clients to stay ahead of the curve in an ever-changing market place. Our goal is to offer best of breed solutions that allow our clients to differentiate themselves from their peers, realize efficiencies, and focus valuable resources on growing their core business.”
FinTech Forward, a collaboration of American Banker and BAI, brings together the research, media, and event capabilities of banking’s top two professional information and education organizations. The initiative includes the annual FinTech Rankings of technology vendors to the financial services industry and new proprietary research and market analysis conducted by BAI and American Banker to identify the forces and trends that are motivating banks’ technology investment.
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 http://www.scivantage.com or contact us at +1.646.452.0050
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