StatementOne And Cashedge Join Forces To Deliver Integrated Data Consolidation And Aggregation Capabilities
Huntington Beach, CA – January 22, 2004 —StatementOne (www.statementone.com), the industry leader in enterprise financial data consolidation and performance reporting, and CashEdge Inc. (www.cashedge.com) a provider of secure Online Money Movement and Advanced Account Aggregation platforms, announced today at the FPA's Broker-Dealer Conference that they have partnered to combine the power of enterprise data consolidation with data aggregation. The integration of these cutting-edge technologies will deliver a holistic view of financial positions, providing significant enhancements to the wealth planning and reporting process.
"We are excited to be partnered with StatementOne in providing the data critical to helping participants meet their wealth management goals," explained Sanjeev Dheer, CEO of CashEdge. "CashEdge is recognized as the leader in next generation aggregation solutions and our focus on the depth and quality of aggregated data is a perfect complement to StatementOne's unparalleled enterprise data consolidation capabilities. By combining data on assets held at other institutions with data on in-house assets, our partners will be able to access a complete picture of each client's financial holdings," added Dheer.
"Partnerships such as this really showcase the data management expertise that we've perfected over the past several years," said Greg Pacholski, StatementOne's chief executive officer and president. "The integration of our consolidated account data with CashEdge's aggregated client data adds immediate value, and will significantly increase the ROI for best-of-breed wealth management platforms."
About StatementOne
Founded in 1993, StatementOne consolidates enterprise investment account data, delivering a powerful, easy-to-use Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne's Web Services platform allows a seamless secure way to pass valuable consolidated information from the StatementOne database to other critical applications in an advisor's practice such as business planning, analytic, product development and CRM applications. StatementOne currently manages account data for more than 64 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors and millions of investors. Their current clients include independent broker-dealers, banks, credit unions and insurance companies. For more information visit www.statementone.com or contact StatementOne at marketing@statementone.com.
About CashEdge
CashEdge® provides innovative, online financial applications to banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer, small business payments and invoicing, and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities.
CashEdge has been ranked by Inc. Magazine as one of the 500 fastest growing private companies in the United States for two years in a row. In 2007 it was also recognized by the 2007 Deloitte Technology Fast 500 and Fast 50 as one of the nation's 500 fastest growing private companies and one of the 50 fastest growing companies in the New York area, respectively. The company currently serves hundreds of leading financial institutions including four of the top five banks, 23 of the top 100 banks, and 20 of the top 100 credit unions. CashEdge has offices in New York, Silicon Valley and India. For more information, please visit www.cashedge.com.
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