With on-going innovations in digital wealth and tax reporting solutions, the company continues to reinvent the way firms leverage technology.

Scivantage®, a SaaS provider of Digital Wealth Management and End-to-End Tax solutions, announced today it has been ranked in the 2019 Top 100 IDC FinTech Rankings.  This is the fifth time the company has been recognized as a leader in the IDC rankings.

To thrive in a digital economy, financial services organizations must embrace innovative technology to enhance the customer experience and achieve operational excellence.  As demonstrated by the inclusion in the IDC FinTech Rankings, Scivantage continues its commitment to enabling financial institutions to successfully execute their digital transformation initiatives and achieve compliance and efficiency in their tax information reporting operations.

During the past year, Scivantage has showcased its ongoing dedication to developing and delivering innovative technologies to the financial services industry:

  • Leveraging its leadership and experience in cost basis reporting solutions, Scivantage introduced Maxit E2E – expanding its offering to include enterprise tax reporting.  Maxit E2E represents a first in the industry, integrating cost basis calculation and tax reporting, resulting in material benefits in processing and management efficiencies, enhanced opportunities to support account holders and an overall reduction in regulatory risk.  In the past year, Scivantage has on-boarded several new clients to its new tax reporting service, representing over 200 million reportable records.
  • Enabling the next level of control and speed for digital transformation in wealth management, Scivantage introduced Digital Developer – a comprehensive toolkit combining UX widgets and web services with a middleware layer to help financial institutions quickly deploy web, mobile, voice and, desktop experiences for their clients and advisors. The digital developer toolkit leverages the power of Scivantage’s proven digital infrastructure and puts it in the hands of the financial institution’s digital product team, increasing the firm’s control over their client experiences, while improving time to market for their digital initiatives. 

“We are honored to be recognized in the IDC Fintech Rankings for the fifth time,” said Chris Calhoun, Chief Executive Officer of Scivantage. “We continue our focus on our mission of innovation to address the evolving needs of our clients and the financial services industry.  Striving to stay a step ahead of the market, Scivantage empowers our clients to differentiate themselves from their competition and drives growth in their businesses,” added Calhoun.

The 16th annual vendor ranking represents the leading hardware, software and service providers to the financial services industry from around the world.  Vendors are ranked based on 2018 calendar year revenues attributed to financial institutions.  To view the list in its entirety, please visit here.

About Scivantage
Scivantage® is a SaaS provider of Digital Wealth Management and  End-to-End Tax solutions (including Cost Basis and Tax Reporting). Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping to improve investment decisions, enable operational efficiencies and drive revenue growth. Leading financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, depend on Scivantage’s mission-critical, cloud-based technology to achieve critical business insights, generate new revenue and build stronger customer relationships. For more information, please visit https://www.scivantage.com or contact us at +1.646.452.0050

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, email info@idc-fi.com, or call 508-620-5533.