Operational data store capabilities reduce back office dependency to increase efficiency with data enriched user experience
JERSEY CITY, NJ — April 28, 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 the release of Scivantage Investor™ ODS (Operational Data Store). As part of the next generation of Scivantage Investor, this add-on service is designed to significantly reduce back office dependency, while enhancing the performance of site applications.
Investor ODS is a transformative technology that provides Investors with the benefits of on demand account data that typically resides in the back office. This local data store provides real-time back office account information, significantly reducing the dependency on the need for API-based access. As a result, performance and capabilities are significantly enhanced; allowing Scivantage Investor to provide a more data enriched user experience without the cost and latency of back office APIs.
“We are continuing to develop specific add-on and enhanced capabilities for our next generation Investor platform with multiple features that allow our clients to effectively leverage the information-enabled technology Scivantage provides,” said Chris Psaltos, Vice President of Product Management at Scivantage. “The traditional API model cannot keep up with the emerging demands of an evolving client base. Every time a call is made to the back office to retrieve data, a metered rate is charged which can add up very quickly. In addition to reducing costs for our clients, the real-time capabilities in Investor ODS allow investors to make more intelligent and faster investment decisions.”
“The self-directed channel is only getting more popular, especially amongst the newer segment of investors, so having a platform which is easy to use and visually appealing is crucial for banks and brokerage firms,” said Joe Stensland, Executive Vice President, Product and Delivery Management at Scivantage. “Tools for data visualization are important differentiators and the features of our Scivantage Investor next generation platform allow investors to manage their portfolios, access financial research and execute trades via a single, easy-to-use application.”
Built on the Scivantage Investment Platform™, an online brokerage solution designed to attract and retain customers, strengthen a firm’s brand and support the complex investment needs of even the most active investors, Scivantage Investor™ enables brokerage firms and banks to deliver a more personalized, online investment experience to their clients. From automated account opening, advanced trade order processing and electronic money movement options to comprehensive cost basis reporting and integrated iOS and Android mobile/tablet support, Scivantage Investor offers a secure, responsive online brokerage experience.
Scivantage is launching Investor ODS at the 2014 SIFMA Operations Conference & Exhibit (booth #805). For more information about Investor ODS, please visit www.scivantage.com.
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.