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September 24, 2002
StatementOne Consolidated Reporting Technology Expected
To Give Nationwide Financial an Edge
Industry first is designed to make it easier for
financial professionals and clients to do business
LAWRENCEVILLE, NJ -- Furthering its goal to make it
easier for investment professionals and customers to
do business, Nationwide Financial will allow inquiry
and reporting of Nationwide’s life and annuity
products alongside the securities, mutual funds and
other investment vehicles already represented in StatementOne’s
platform.
Nationwide Financial is the first company to use technology
to integrate life products in the StatementOne platform.
Through direct feeds, expected to begin in October,
Nationwide will provide transactional data on assets
for its fixed and variable annuities, variable life,
and variable universal life products to StatementOne.
To read the entire release on the web, go here: http://www.statementone.com/pr/092402
About Statementone
StatementOne consolidates data for financial institutions
and other enterprises, collecting transaction-level
data sets from both legacy systems and external custodians,
utilizing direct data feeds. They currently manage account
data for 43 financial institution clients, representing
over a hundred billion dollars in assets, tens of thousands
of financial advisors and millions of investors and
individual accounts. They provide a secure, web-based,
turnkey service which delivers securities account aggregation,
portfolio accounting and performance reporting to financial
institutions, branch managers, registered representatives
and their investor clients. Their proprietary software
cleans, organizes and reconciles the data, producing
a consolidated, unified data structure, with virtually
no manual intervention. This scalable database is also
used to feed critical, best-of-breed applications for
use in business planning, analytics and CRM. Their current
clients include independent broker/dealers, banks, credit
unions and other financial institutions.
David Z. Orban,
Vice President of marketing
(609) 806-0227.
For more
information on this article please go to www.statementone.com
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