Scivantage Ranked in Top 100 in American Banker and BAI’s FinTech Forward Rankings

Innovative financial technology firm continues to build momentum leading into 2015 through additional ranking

JERSEY CITY, N.J. — November 13, 2014Scivantage®, 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 inaugural American Banker and BAI FinTech Forward Rankings. The Top 100 represents the largest fintech-focused companies in the world that derive at least 33 percent of their revenue from banking, capital markets, payments or the insurance industries.

2014 has been a record year for Scivantage, as the firm has been recognized for its innovative technology and client services through a variety of industry accolades. This award follows Scivantage’s latest recognition, its placement in the IDC Financial Insights Rankings as a top global provider of financial technology. In addition to the two industry top 100 rankings, the Scivantage Investor™ Mobile platform was recently honored with the 2014 BISA Technology Innovation Award for advancements in mobile brokerage technology.

Scivantage continues to demonstrate innovative leadership in the industry with significant advancements including the launch of its next generation Scivantage Investor™ platform, enabling users to more effectively manage their investment needs across multiple business and technology delivery channels, the release of Scivantage Investor™ ODS, a transformative technology providing Investors with the benefits of on demand account data that typically resides in the back office, as well as fostering future investment technologies with the Scivantage FinTech Incubator. Scivantage Maxit®, the largest provider of cost basis reporting solutions for the financial industry, has also made strides with leading edge tax management tools to complement its core cost basis functionality. Furthermore, in support of the continuous expansion of market leading tools and solutions, Scivantage has added OptionsPlay® Ideas to the Scivantage Investment Platform, providing intuitive equities and options trading strategies to simplify decision making and accelerate customer transaction activity.

“This past year was a monumental one for Scivantage and our growth and maturity as a firm has been recognized by some of the most prestigious organizations in our space,” said Adnane Charchour, President and Chief Executive Officer of Scivantage. “We look forward to continuing in our tradition of developing transformative solutions for the industry, such as the launch of our performance measurement and reporting software Sqope™, and we are honored to be recognized as a pioneer in the financial technology landscape.”

American Banker and BAI formed a strategic alliance and signature program, FinTech Forward, a new initiative focused on giving bankers the information and perspective on technology they need to plot a course for the future. FinTech Forward brings together the research, media, and event capabilities – and the engaged and influential audience communities – of banking’s top two professional information and education organizations professional information and education organizations. The central objective of the FinTech Forward program is to identify the forces and trends that are motivating banks’ technology investment. The FinTech Forward team also spotlights new players that are shaking up the establishment.

About Scivantage

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 or contact us at +1.866.724.8268.

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About American Banker

American Banker is a daily publication that provides vital information to banking and financial services industry, and has been doing so since 1835 in the United States. American Banker aims to research issues, analyze the strategies and profile the personalities that influence events in the financial services industry.

About BAI

BAI is a financial services association and leading industry partner for breakthrough information and intelligence. We have deep expertise in retail banking, payments, and regulatory compliance and offer a wide depth of products and services for banks and credit unions such as conferences and events like BAI Retail Delivery, bank research and bank benchmarking programs, and bank and credit union compliance training.

Posted in Press Release.