FinTech vendor Scivantage has appointed Amit Basu as executive vice president (EVP) for professional services and delivery, and Alex Sauickie as EVP for business and technology operations, officials say. The move comes as Scivantage nears its 15th anniversary. “This is a milestone year for Scivantage, and we are committed to improving and expanding our offerings… Read More >>
CBR Complexity Takes a Quantum Leap Forward
This year marks the start of far more challenging requirements for cost-basis reporting upon fixed income instruments and options to the Internal Revenue Service. Broker-dealers and buy-side firms are facing complex calculations and data-gathering challenges. Bob Linville, director, product management at Scivantage, took time out of his schedule to provide an update. Q: In your… Read More >>
CBR 101: A Guide for Survival
Simply because we cannot get enough of taxes and the Internal Revenue Service (IRS), I’d like to take a moment and focus on how cost basis reporting (CBR) might actually work to your benefit. Let’s start with recent history. The Great Recession compelled the federal government to get a better view into securities transactions with… Read More >>
