NEW YORK, May 19, 2014 /PRNewswire-iReach/ -- Quovo, a provider of account aggregation, normalization and data analysis solutions for financial institutions and investors, has hired Impact Communications, an award-winning PR and marketing communications firm, to help with strategic introductions and company communications. Founded in 2009 by Lowell Putnam, Niko Karvounis, and Michael Del Monte, Quovo recently raised a Series A in late 2013, led by Long Light Capital, to initiate a new phase of growth in the RIA technology market.
"Quovo's 'smart aggregation solution' is different – and very exciting," said Marie Swift, founder and CEO of Impact Communications. "It simply does more and has a higher degree of accuracy than other, more simplistic aggregation tools. My team and I are excited to help the firm introduce their services to financial institutions and other fintech companies during this strategic stage in the company's growth."
EATING THEIR OWN COOKING
"For many years, aggregation services captured only one-dimensional data," said CEO Lowell Putnam. "At Quovo, we use proprietary technology to aggregate financial accounts but we also enrich the data by normalizing, transforming and reconciling disparate data from any source. This is an essential next stage of aggregation technology, and our solution will help our technology partners provide additional value to financial advisors and their end-clients."
"While the first generation of account aggregators have done a good job moving the industry along, we have gone several steps further," said Co-founder and CTO Michael Del Monte. "Think of Quovo as the evolutionary solution needed to analyze and make sense of all the client's investment data. Some of the industry's top fintech companies and practice management consultants have told us that Quovo is better because we 'eat our own cooking' – and that's entirely true. Rather than simply offering 'insights-ready' data, our technology integrates with partner platforms to actually generate the insights themselves, such as robust performance and risk analytics, and even visualization and dashboard solutions," Del Monte said.
"As we integrate our solution with other fintech platforms we will empower advisors and help them better serve their clients. We have reengineered account aggregation and elite portfolio analytics as one simple, intelligent platform," said Co-founder Niko Karvounis, who holds an MBA from Harvard Business School. "Given Impact Communication's extensive experience in the financial services industry and advisory community – at every level – they are a perfect partner for us as we gather steam."
Quovo is a financial technology company that marries big data capabilities with the needs of financial advisors and investors. By combining proprietary data analytics technology with user-friendly design, the Quovo platform empowers foundations, family offices and advisors to harness tools once reserved for the most elite financial institutions. For more information, visit www.quovo.com.
Media Contact: Leslie Swid, Impact Communications, 913-649-5009, firstname.lastname@example.org
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