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JERSEY CITY, N.J., August 20, 2009 – Scivantage, a leading provider of Web-based, front- and middle-office technology solutions to the financial services industry, today announced that Celent, an independent research and advisory firm focused on the financial services industry, has recognized Scivantage as the leader in online brokerage technology in a new research report.
The recently released Celent report, “Online Brokerages: Technology and the Customer Experience”, by Dr. Isabel Schauerte, analyst at Celent, describes Scivantage as the “acknowledged leader in this space” and highlights that “Scivantage is behind the development of many of the online brokerage world’s current best-practice products and capabilities”. The report was completed and released following a detailed study and analysis of the online brokerage market, emphasizing the changing facets of the brokerage/client online interface.
Celent was particularly impressed with Scivantage’s “strong online brokerage technology platform” and discussed the many benefits of outsourcing to a firm like Scivantage over the costly and time-consuming build option. As the “only ‘independent’ online brokerage platform provider”, as described by Celent in this report, Scivantage is uniquely positioned to assist new, emerging and leading financial institutions in quickly establishing and/or enhancing their online presence.
Dr. Isabel Schauerte, an analyst at Celent and author of the report, said, “As the business requirements of online brokerages continue to evolve and adapt to meet changing customer demands, the need for more advanced technology and greater emphasis on the client experience become paramount. Scivantage’s brokerage platform offers both new and leading brokerage firms a compelling option to create a distinct competitive advantage.”
“We are extremely proud to be named the ‘leader’ in online brokerage solutions by Celent,” said Joe Stensland, senior vice president of marketing and products, Scivantage. “This recognition from Celent underscores our ongoing commitment to provide innovative, technology solutions to our clients and further validates our position as the industry leader in brokerage technology.”
Celent’s high evaluation of Scivantage’s brokerage platform is echoed by the company’s success in the market place. Scivantage’s solutions are used by more than 50 financial services clients, including 7 of the top 20 US brokerage firms and 5 of the top 10 US banks.
To access a summary of the Celent report, “Online Brokerages: Technology and the Customer Experience” and the Scivantage excerpt, please visit http://www.scivantage.com/celent.php.
About ScivantageLeading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage’s proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268
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