Continued success and expansion of market leading solutions land second consecutive ranking
JERSEY CITY, NJ — September 30, 2014 — Scivantage®, a Global FinTech 100 technology provider of information-enabled software dedicated to transforming complex information and processes into intuitive user experiences for the financial services industry, announced today it has been named to the IDC Financial Insights 2014 FinTech Rankings Top 100, an annual international listing of the top vertical technology vendors that derive more than one-third of their revenue from the financial technology industry as named by IDC Financial Insights.
During the past year, Scivantage has continued to showcase ongoing dedication to developing and providing innovative and disruptive technologies to the financial services industry. The firm has made significant advancements in order to serve the rapidly evolving bank and brokerage space, including the launch of its next generation Scivantage Investor™ platform, which empowers users to more effectively manage their investment needs across multiple business and technology delivery channels, as well as Scivantage Investor™ ODS, a transformative technology that provides investors with the benefits of on-demand account data that typically resides in the back office. Scivantage Investor received industry recognition when the Scivantage Investor Mobile Platform was awarded the 2014 BISA Technology Innovation Award earlier this year. Furthermore, Scivantage Maxit®, the largest provider of cost basis reporting solutions for the financial industry, introduced innovative new tax management tools to complement its core cost basis functionality.
In addition to enhancing its current products, Scivantage has innovated several new products such as the recently launched Sqope™ performance measurement and reporting software that meets the increasing demand from investors for tools that allow them to more effectively manage their investments. Also recently announced, Scivantage added OptionsPlay® Ideas to the Scivantage Investment Platform, providing intuitive equities and options analysis and trading tools to investors.
“Our continued ranking as a top 100 leading financial technology provider is a testament to the dedicated focus we place on continuous innovation of financial services technology solutions,” said Adnane Charchour, President and Chief Executive Officer of Scivantage. “As our clients’ needs continue to evolve, so do the transformative solutions that we provide. We look forward to continuing this tradition of innovation within our own products, as well as fostering the development of financial technology through programs such as the Scivantage FinTech Incubator Program.”
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.
Scivantage® is a Global FinTech 100 technology provider of information-enabled software dedicated to transforming complex information and processes into intuitive user experiences for the financial services industry. 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 www.scivantage.com or contact us at +1.866.724.8268.Transcending Technology™
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial .