Refinitiv, a London, UK-based provider of financial markets data and infrastructure, acquired Scivantage, a Jersey City, NJ-based Software as a Service (SaaS) company innovating in the fintech market.
The amount of the deal was not disclosed.
By integrating Scivantage’s solutions, Refinitiv has expanded its wealth management portals’ service offering, driving client centric experiences through exceptional service and connectivity between advisors and their clients.
Scivantage provides primary solutions which include digital wealth management offering Wealthsqope, a digital client experience, and Maxit E2E, an end-to-end tax information reporting solution. Core functionality includes account management, personal portfolio management, money movement, market & investments data, advisor focused features, trading, cost basis and tax information reporting.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides data and insights, trading platforms, and open data and technology platforms that connect a global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.