The Silicon Review
“EEI has remained a leader for decades by giving back to an industry that has offered us so many incredible opportunities. We do this by participating in industry workgroups such as the Open Financial Exchange, Financial Products Markup Language, FS-ISAC, and the Financial Data Exchange.”
The consulting world is undergoing a shift. Over the last seven years, consulting firms have been rapidly launching new digital consulting divisions. What started off as an infatuation with product design and more engaging web interfaces has become a full-blown movement towards digitalization.
In light of the foregoing, we’re thrilled to present Enterprise Engineering, Inc. (EEI).
EEI is an industry-leading software and IT consulting services firm serving the world’s largest Financial Institutions and premier wealth managers. EEI is recognized as an innovative and well-established leader in the Fintech community. The company is also known for being collaborative, outcome-driven and client-focused with a reputation for quality, reliability, ethics, and innovation. By combining our services and software products, EEI creates award-winning solutions that meet and exceed client expectations.
EEI has received numerous awards including “Excellence in Wealth Management” and “Financial Software Solutions Provider of the Year – USA” from Corporate Livewire, “Best Financial Services Software Developers” from Technology Innovator Awards, “Most Innovative in Wealth Management” from Wealth and Finance International, and several others. Most recently, Wealth & Finance Magazine named EEI “Most Innovative Asset Aggregation Solution” for the Trusted Network Platform™.
Earlier this year, EEI spun off its software business into a new entity named Ninth Wave – www.ninth-wave.com. Ninth Wave is the leading enabler of secure data connectivity between financial institutions and third-party applications including aggregators, fintechs, accounting and tax prep software, and other consumer and business solutions. The Company’s SaaS solution, the Ninth Wave Platform, provides financial institutions with a single, secure, scalable gateway that enables consumer and commercial customers to access their data on their terms. As a result of EEI’s success, the Ninth Wave technology has been deployed for over a decade at the world’s leading financial institutions. Current clients include three of the top five US banks and nine of the top ten US wealth managers.
EEI was incorporated in 1995 and is headquartered in New York, NY.
George Anderson, Enterprise Engineering, Inc. Founder, spoke exclusively to The Silicon Review. Below is an excerpt.
Why was the company set up? And how did you expand your company and its offerings over the years?
Quite simply, EEI was set-up to be a trusted advisor to financial institutions. We positioned ourselves as an independent technical voice for business and IT executives. We have expanded over the years to become an end-to-end solution provider and development company, enabling customers to provide high performance, enterprise-class applications in the highly dynamic and competitive Financial Services industry.
There is nothing more important for a successful small business than the well-defined mission and vision statements. Can you explain your M&V statements in brief?
EEI’s mission is to enable financial institutions to leverage the benefits of Open Finance in a safe, secure, and cost-effective manner. Our vision is to deliver uncompromising data access, performance, and world-class customer experiences for the world’s financial institutions and fintech.
Any company, big or small, must have a sense of authenticity and originality to succeed. Is your company a leader or a follower?
EEI is a clear leader. We are the leading firm in the marketplace for companies who require a secure roadmap for data distribution in the new world of Open Finance. We lead with intelligence, vision, and unparalleled subject matter expertise gained by working with and pioneering solutions for many of the best companies on the planet. EEI has several “firsts” to its credit. We were the first to enable Open Banking with support of the FS-ISAC Durable Data API (now the Financial Data Exchange API). We were also an original author of the Data Durability API. They say imitation is the highest form of flattery, and we are often imitated.
How do you stay relevant to the consumer interests and needs in this highly volatile market?
One of my favorite quotes is from Ray Noorda, who was the CEO of Novell. He said: “If you resist change, you die. If you adapt to it, you survive. If you cause change, you lead. Of course, if you cause change you can die too but it’s a more exciting death!”
We are constantly looking for ways to make things better, cheaper, and/or faster. There is always a better way. By leveraging what we call Employee Creative Solutioning, we innovate and build platforms that are future-proofed and infused with the ability to evolve without technology or vendor lock-in. Change happens and we design systems with that in mind. New use cases come up daily. The best companies embrace that change and design for it. That is what we do.
What are the factors that help your company to compete on a global platform?
Two words – hard work! You have to constantly be moving ahead, there is no opportunity to rest. We have a symbiotic relationship with clients, employees, and partners. Through collaboration and careful planning, we bring industry experts together, always keeping in mind the ROI and value being delivered to our customers’ businesses.
How does your company contribute to the competitive global IT platform at large?
EEI has remained a leader for decades by giving back to an industry that has provided us with great opportunity after great opportunity. We do this by participating in industry workgroups such as the Open Financial Exchange, Financial Products Markup Language, FS-ISAC, and the Financial Data Exchange. We also provide free webinars for clients, prospects, and the marketplace at large. Our website has links for our white papers and webinars.
Do you have any new products ready to be launched?
Yes, EEI recently launched an Open Banking Readiness Assessment designed to help organizations innovate, improve security and consumer protection, accelerate time-to-market, and prepare for the uncertainty of future government regulation in a way that increases customer loyalty and enhances their brand. In addition, we are preparing a Security Assessment Service targeted at evaluating data access methods and channels, and documenting who is accessing data, why, and how. More information can be found in the News & Events section of our website.
Where do you see your company a couple of years from now?
EEI will continue to be a trusted advisor and recognized leader in the Financial Data space. True to our mission, we will enable financial institutions to leverage the benefits of Open Finance on behalf of consumers, in a safe, secure and cost-effective manner. We will also advocate for consumer rights in the data privacy and data sharing space by supporting standards, best practices, and regulation that will undoubtedly be targeted at this arena.
“We are unique in that we allow clients to see the value in our services, and we are not afraid to let them execute solutions independently. This breeds trust and loyalty, which increases our business retention year after year.”