Tag: Growth News

Communify Fincentric Appoints Nicole Nakashian as Chief Operating Officer

Posted on November 13, 2024 by - Press Release

Former InvestCloud COO brings 25+ years of operational expertise to Communify Fincentric

LOS ANGELES, CA – November 14, 2024 – Communify Fincentric, a leader in unifying the communication of market and client data through best-in-class digital experiences, today announces the appointment of Nicole Nakashian as Chief Operating Officer (COO), effective immediately.

Nakashian, recognized as one of The Top 25 Financial Technology COOs by The Financial Technology Report, brings over 25 years of operational leadership to Communify Fincentric. Most recently, she served as COO of InvestCloud, where she helped scale the platform to over $6 trillion in assets. Her expertise will be instrumental as Communify Fincentric expands to meet the growing demand for the next generation of data-rich client portals, advisor portals, market data portals and AI functionality.

“I’m excited to be at a company that is at the forefront of unifying the communication of market and client data,” said Nakashian. “Firms are seeking next-generation data-rich platforms that enhance client engagement and drive growth. I look forward to supporting scale and efficiency as Communify Fincentric responds to that need.”

John Wise, CEO of Communify Fincentric, stated , “We are committed to being the best-in-class partner for the financial industry. The demand for digital experiences rich in market and client data has never been greater. Nicole’s 25+ years of experience and proven ability to scale operations will be invaluable as we meet this demand, unifying market and client data beyond the client portal , while driving innovation through AI and continually increasing the power of our platform.”

Communify Fincentric’s SaaS-based product suite unifies the communication of market and client data through its library of financial applications, including Markets Apps, Client Apps, Advisor Apps and AI Apps (MIND). The platform leverages its Knowledge Base of 4,000+ unique data feeds to power advanced experiences and AI for financial automation, communication and management. Founded on decades of maturity in serving the world’s largest financial institutions, Communify Fincentric delivers scalable and secure solutions that help firms achieve operational efficiency and better serve their clients.

Nakashian will be based in New York City, focusing on driving scale and operational efficiency while reinforcing Communify Fincentric’s position as the leader in intelligence-era solutions for wealth managers, asset managers, broker-dealers and media companies. To learn more, or to schedule a demo, please visit this link.

About Communify Fincentric

Communify Fincentric is the leader in unifying the communication of market and client data through best-in-class digital experiences for the financial sector. Founded on decades of maturity in delivering complex market data to some of the largest firms in financial services, Communify Fincentric’s platform and Knowledge Bases allow excellent experiences at a fraction of the cost of in-house solutions. Communify Fincentric’s SaaS-based product suite unifies the communication of market and client data through a library of financial apps, with solutions including Communify Fincentric Markets Apps, Client Apps, Advisor Apps and AI Apps (MIND). Communify’s Knowledge Base of 4000+ unique data feeds and 500M+ page views per day also powers Communify Fincentric’s advanced AI capabilities for the next generation of communication, automation and management of financial data.

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Communify and Stellex Acquire Fincentric Formerly Markit on Demand / Markit Digital from S&P Global

Posted on August 24, 2024 by - Press Release

Communify, in collaboration with Stellex Capital Management, has announced the acquisition of Fincentric, the company formerly recognized as Markit on Demand and Markit Digital, from S&P Global. This acquisition marks a pivotal step in revolutionizing financial technology by combining Communify’s leadership in client communication and automation with Fincentric’s legacy of delivering cutting-edge market data solutions.

This transformative acquisition amplifies the strengths of Markit on Demand’s long-standing reputation for turning complex financial datasets into intuitive digital solutions. Together with Communify’s expertise, the integrated entity, Communify Fincentric, is set to deliver unparalleled digital experiences for wealth and asset managers across the globe.

Building on the Legacy of Markit on Demand

With a history of innovation that dates back to its origins as Markit on Demand, Fincentric has consistently been at the forefront of delivering real-time, visually striking, and data-driven financial applications. Now under the banner of Communify Fincentric, the company is positioned to address critical challenges in the financial sector, such as fragmented data, outdated interfaces, and inefficient workflows.

The unified SaaS-based platform combines decades of innovation to offer a comprehensive suite of tools:

  • Markets Apps: Built on the expertise that Markit on Demand pioneered, these applications deliver real-time, visually compelling market data for actionable insights.
  • Client Apps: Inspired by Markit Digital’s focus on accessibility and design, these apps transform client interactions with personalized, on-brand interfaces.
  • Advisor Apps: Carrying forward the innovation that has long defined Fincentric’s offerings, these tools empower advisors with advanced analytics and streamlined workflows.

Powered by advanced AI, automation, and personalization, each app creates engaging, seamless digital experiences tailored to meet the demands of modern financial institutions.

For decades, Markit on Demand and Markit Digital have been synonymous with transforming complex datasets into intuitive and visually striking digital solutions. Now, as part of Communify Fincentric, that legacy continues to flourish. By combining this storied expertise with Communify’s design and technology innovations, Communify Fincentric is positioned to lead the next era of financial technology, delivering transformative tools that bridge the gap between market data and client engagement.

John Wise, Chairman and CEO of Communify Fincentric said, “We’ve followed Wall Street on Demand to Markit Digital/Markit on Demand to Fincentric over the years for their outstanding ability to create compelling user experiences with complex data sets to investors. Their numbers speak for themselves – their product gets 165 million logins per month, accessing over 563 million page views per day whilst leveraging 4,000 unique data feeds. Unifying Fincentric’s market data capabilities with Communify’s expertise in client data creates a strong digital partner for the financial markets. Our shared client-centric, design-centric mindset will be pivotal as we look to grow Communify Fincentric domestically and worldwide.”

Renee Spampinato, Global Head of Fincentric, said, “Historically, Markit on Demand built a reputation for delivering best-in-class market data solutions. Now, combining our market data excellence with Communify’s leading client data solutions creates a compelling value proposition. We’re thrilled to merge teams that share a commitment to design and innovation.”

Irina Krasik, Managing Director, Stellex Capital Management said, “We specialize in pairing strong assets with prominent operators in an effort to create value. We believe the JBI team in Communify has stellar credentials at growing businesses and were the best partners for this opportunity.”

To learn more about Communify Fincentric, visit www.communify.com.

About JBI

Just Build It (JBI) is a design and build company whose leadership team has decades of experience delivering digital and data solutions for some of the largest names in financial services. By deploying proven approaches and methodologies, JBI drives innovation and transforms the growth trajectory of existing companies.

About Stellex Capital Management

With offices in New York, Pittsburgh, Detroit, and London, Stellex Capital is a private equity firm managing over $2.8 billion in AUM. Leveraging an operationally focused investment approach, Stellex looks for opportunities where hands-on support can create lasting value. Additional information may be found at www.stellexcapital.com.

About Communify Fincentric

Communify Fincentric unites the communication of market data (Fincentric, formerly Markit on Demand / Markit Digital) and client data (Communify) to deliver unique, high-quality digital experiences for financial institutions. Its SaaS-based product suite includes Markets Apps, Client Apps, and Advisor Apps, powered by a knowledge base of 4,000+ unique data feeds and over 500M daily page views. These resources also fuel advanced AI for next-generation data communication, automation, and management.

To learn more, visit www.communify.com.

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