CashEdge and Albridge Solutions Announce Joint Clients
Advanced Aggregation and Data Consolidation Services Prove Favorite among Financial Service Leaders
New York, NY – November 14, 2005 —CashEdge Inc. (www.cashedge.com), the leading provider of online financial applications, and Albridge Solutions, the industry leader in enterprise financial data management and performance reporting, today announced the integration of CashEdge's AllDataT data aggregation solution into Albridge Data AggregationT.
The Albridge Data Aggregation solution powered by CashEdge has already been implemented by leading financial services companies including American Portfolios, Maas Capital, First Western Advisors, and Further Lane Asset Management, LLC.
The aggregation service combines CashEdge's AllData solution with the Albridge Wealth ReportingT solution. The combination delivers a holistic financial snapshot of client portfolios and the ability to create comprehensive plans and reports. This single customer view is achieved by importing held-away asset data from over 9,000 sources into Albridge. The end result is a more complete picture of a customer's portfolio resulting in superior advisory service, increased customer loyalty, and greater wallet share.
Albridge Solutions chose CashEdge to power this critical service in response to a growing demand from advisors for comprehensive views of their clients' assets for planning and portfolio management.
"By partnering with CashEdge, we are marrying our industry-leading Web-based portfolio accounting and performance reporting system with world-class aggregation services," stated Greg Pacholski, President and CEO, Albridge Solutions. "As a result, Albridge clients are now able to offer more complete financial planning and portfolio management, taking all assets under consideration."
"We are thrilled to be partnered with a company like Albridge Solutions that is so committed to our shared vision of using technology to maximize financial relationships. Together our two companies have combined complimentary technologies to deliver best-of-breed advisor solutions," stated Sanjeev Dheer, CEO of CashEdge. "The early adoption of these financial institutions underscores the critical competitive edge our joint solution delivers."
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.
Contact:
Jennifer Moritz
Zer0 to 5ive
917-748-4006
jmoritz@0to5.com
About Albridge Solutions
Albridge Solutions is a leading provider of enterprise data management (EDM) and web-based portfolio accounting and performance reporting solutions to the financial services industry. Financial institutions and advisors including investment management firms, insurance companies, banks, Registered Investment Advisors, and independent, insurance and bank broker-dealers rely on Albridge for the high quality consolidated data they need to succeed. Albridge Solutions consolidates account information from hundreds of data sources encompassing thousands of product companies and makes this valuable customer data readily accessible to many leading financial institutions and advisors. Using patent-pending technology, Albridge Solutions collects, cleanses and normalizes the transaction and position-level securities data it receives from settlement and clearing firms, data custodians, product companies and internal proprietary systems. This data is then used to power Albridge Wealth Reporting, our web-based portfolio accounting and performance reporting solution in use at over 100 financial services firms representing over $850 billion in assets, 60,000 financial advisors and millions of investors. Financial Institutions can also choose to receive cleansed and consolidated information via Albridge Web Services or Albridge Replicated Data Services to support enterprise level initiatives such as data-mining, CRM, compliance monitoring and other mission critical business applications. For more information, contact Tom Sullivan at 609-806-0263.