Confluence Wins “Best Use of the Agile Methodology” at 2017 American Financial Technical Awards

Maplewood, New Jersey


Pittsburgh, PA, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, has been awarded “Best Use of the Agile Methodology” at the 2017 American Financial Technical Awards (AFTAs), hosted by Waters magazine and WatersTechnology.com.

This marks the second year in a row that Confluence has won the award. Last year, Confluence took home the inaugural award in the category, now given annually to the third-party technology vendor that best illustrates its adoption and use of the Agile development methodology to deliver regular software updates to a capital markets firm.

Confluence employs Agile to deliver value to stakeholders at a repeatable, reliable and rapid pace, with Scrum implementation used across product development teams and strategically aligned with the firm’s corporate values of integrity, imagination, discipline and service. Frequent software releases allow Confluence to deliver results incrementally as colleagues and clients do not have to wait until the completion of a project to realize value. For example, products such as Confluence’s SaaS-based applications are released monthly, a rarity in the industry. Agile practices such as sprint reviews, market validation and usability sessions with stakeholders are considered paramount to the success of its offering to clients.

“We’re excited to have won this award, two years running,” said Chris Evans, SVP and Chief Technology Officer at Confluence. "Everyone at Confluence is committed to providing our clients with the best possible products and services, and our implementation of the Agile methodology is inseparable from that goal. Our project management and development teams should be very proud of this prestigious recognition, earned through hard work, innovation and collaboration.”

Awarded to end-users and vendors, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities. Winners of the 2017 Awards were announced on December 4 during a ceremony in New York.

About Confluence

As a global leader in data-driven solutions for efficiency and control, Confluence solves tough data management and automation challenges for the asset management industry, including performance reporting, regulatory reporting, investor communications and fund expense management. Confluence solutions enable asset managers and third-party administrators to consolidate and leverage data across business operations which results in lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources. The platform features solutions to support a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds.

Eight of the top 10 global service providers license Confluence products and eight of the top 10 global asset managers have business processes automated through Confluence.

Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations in Brussels, Dublin, Ho Chi Minh City, London, Luxembourg and San Francisco. For more information, visit www.confluence.com.

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Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ce6310d5-d76d-41e5-a82c-89e451dd5c15

                    

        

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