Independent Financial deploys Scivantage for real-time account opening and trade processing

Source: Scivantage

Independent Financial Marketing Group, (Independent Financial), a subsidiary of Sun Life Financial that provides investment and insurance products to retail bank customers and credit union members, today announced it has deployed Scivantage Professional to deliver real-time, automated account opening, trade order processing and account management capabilities to its network of financial institutions.

Scivantage Professional offers Independent Financial an integrated suite of applications to open and maintain brokerage and annuity accounts, direct mutual fund trades, and access centralized client and account data from a single, browser-based interface. With complete access to Scivantage's Account Opening, Trade Processing and Account Management applications, Independent Financial can provide its customers with real-time processing, workflow management and account automation across three leading back office platforms and Independent Financial's proprietary Infinet21 system.

"With Scivantage, our technology platform and trading systems will be more improved and timely for our customers, the financial consultants and the institutions we serve," said Roni Mizrahi, Chief Information Officer at Independent Financial. "Scivantage's proven experience working across multiple back offices is an important benefit and enhances our overall efficiency, trading and clearing."

Adnane Charchour, President and Chief Executive Officer of Scivantage, added, "Our partnership with Independent Financial is yet another example of how Scivantage works with financial institutions to help them differentiate themselves and gain a competitive advantage. Independent Financial's ability to offer immediate account opening and seamless trade processing across multiple back offices to their customers drives tangible results through reduced costs and operational efficiencies."

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