BNET Industries
Last Fiscal Year Sales:$17.4M
- Private
- US
Dow Jones Description
CashEdge provides innovative, online financial applications for banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities. With CashEdge, financial institutions are able to create compelling online offerings that attract customers, generate revenues and reduce costs. CashEdge serves over 450 financial institutions in North America including four of the top ten banks. CashEdge has offices in New York, Silicon Valley and India.
CEO & President
Sanjeev DheerNumber of Employees 20
Contact Information
215 Park Avenue South
Suite 1300
New York, New York 10011
212-656-9000
Peer Companies
NAICS Code Computer and Software Stores: 443120
Recent Events
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American Express to enter market for online payments
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CashEdge Launches Self-Service Financial Account Aggregation Solution for Advisors
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CashEdge and Firethorn to Launch Integrated Mobile Person-to-Person Payments Solution for Financial Institutions
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CashEdge Launches Enhanced Version of AllData Advisor - the Industry's Leading Account Aggregation Solution for...
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CashEdge launches P2P payment service for mobile/online bank customers
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CashEdge Launches Bank-Centric P2P Payments Service
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CashEdge Launches POPmoneyTM - the First Person-to-Person Payments Service for Banks
News & Analysis
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cashedge inc. - All News and Analysis
CashEdge Launches POPmoneyÂ? - the First Person-to-Person Payments Service for Banks
Service Enables Bank Customers to Send and Receive Secure Email and Mobile Payments Directly from a Bank's Online or Mobile Banking Application NEW YORK, June 23 /PRNewswire/ -- CashEdge Inc. (http://www.cashedge.com/), the leader in Intelligent Money MovementTM products for financial institutions, serving 600 financial institutions including...
CashEdge Deploys GoldenGate Software's Live Standby Solution for High Availability and Disaster Tolerance
Availability of Online Applications Allows Leading Financial Institutions to Continue Business as Usual SAN FRANCISCO -- GoldenGate Software Inc., a leading provider of high availability and real-time data integration solutions, today announced that CashEdge Inc., the leading provider of online financial applications to banks, credit unions, brokerage and wealth...
Routine tasks automated: system-management software automates provisioning of IT services for financial firm
In the course of less than a decade, online banking has taken off, now growing at a rate of about 27 percent per year. This is not surprising, given that it provides a more convenient option for customers and is a cost-saving move for financial institutions. Cash Edge has...
Transfer Services: Taking the Paper Out Of Account Transfers
The Fed’s rate-cutting strategy to counteract the credit crisis has had consequences in Net banking. The alluring five-percent-plus rates that ING Direct, Citi, Capital One and others once offered for high-yield, online savings accounts HYSAs have dwindled to three percent territory. At their peak, these direct bank HYSAs propelled...
CashEdge Deploys Ensim Unify Enterprise Edition to Secure and Ease Management of Active Directory
Ensim Corporation, the leading provider of user provisioning and access control software, today announced that CashEdge, an innovator in enabling financial transactions for institutions such as Bank of America, Citibank, and Wachovia, has deployed Ensim Unify Enterprise Edition to secure and automate the management of its Active Directory AD servers.
A2A Transfers Start To Take Off, Study Says
The growth in online account-to-account transfers, using PCs, cellphones and PDAs, is evident in new data from CashEdge, which reports customers at financial institutions using its services executed more than $38 billion in transfers in 2007, a 300% increase over 2006. “We are transferring tens of millions of dollars...
CashEdge Is Granted Patent
CashEdge has been awarded a U.S. Patent for its method of executing an electronic funds transfer, which allows individuals to transfer funds between accounts housed at different financial institutions and to fund new accounts. The method allows for the use of a third-party financial management system to withdraw assets from...
Yodlee and CashEdge Reach Settlement Agreement Resolving Patent Litigation
REDWOOD CITY, Calif. & NEW YORK -- Yodlee, Inc. and CashEdge Inc., today announced that they have reached a settlement agreement resolving the patent litigation between them in the United States District Court for the Northern District of California. CashEdge has agreed to pay Yodlee for a license to...
Principal Bank Launches Online Money Transfer
A few clicks will move money between Principal Bank and other financial institutions - anytime, anywhere DES MOINES, Iowa -- Got a kid in college or an aging parent living far away from you? What do you do when they run into unexpected expenses and you need to send...
Now In The Market
PFCU Adds Shared Services PEMBROKE PINES, Fla.-Power Financial Credit Union has added shared services at five more Miami-Dade county branches. Members affiliated with other local credit unions can enter any of the Power Financial branches now offering shared services and conduct a range of transactions including, check...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Sanjeev Dheer | CEO & President |
| John J. Rogers | Chief Financial Officer |
| Paul Grantham | Chief Operating Officer |
| Amir Sunderji | Vice President, Risk Management & Payment Operations |
| Chuck Tremblay | Vice President of Client Integration |
| David Cooper | Vice President of Engineering |
| Deborah Kovacs | Vice President, Product Management |
| Jeremy Sokolic | Vice President, Marketing |
| Matt Rouse | Vice President, Operations |
| Neil Platt | Vice President of Sales and Account Management |
| Steve Zorn | Vice President of Customer Support |
Sanjeev Dheer co-founded CashEdge in 1999 and oversees all corporate strategy, implementation and direction for the company. He has more than 10 years of experience serving the financial services industry. Prior to starting CashEdge, Mr. Dheer was a partner at McKinsey & Company where he served financial institutions on a range of strategy and operational issues and was a leader of the firm's global e-commerce practice. Previously, Mr. Dheer worked as a systems analyst and IT consultant at the United Nations Development Program. Mr. Dheer earned an MBA from Stanford Business School, where he was an Arjay Miller Scholar, and an MA in History from St. Stephen's College, University of Delhi.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | CEO & President | Current |
| Cashedge, Inc. | Cashedge's President and Chief Executive | Former |
| Cashedge, Inc. | Co-Founder | Former |
| McKinsey & Company, Inc. | Partner | Former |
| McKinsey & Company, Inc. | Leader,Global E-Commerce Practice | Former |
| Stanford Graduate School of Business | Mba | Former |
John Rogers is responsible for overseeing and driving the financial, accounting, tax and treasury functions at CashEdge. He is a senior executive with more than 20 years of financial strategy and management experience within growth oriented international technology organizations including publicly held companies and start-up ventures. Most recently Mr. Rogers was the Chief Financial Officer, North America at LogicaCMG, a major international organization in IT services and wireless telecoms. Previously, he was the senior vice president and chief financial officer at Celox Networks, a network routing and IP service products company. His prior roles include executive and senior level management positions with ScanSoft, PADS Software, Cognex Corporation, Waters, and Bolt, Beranek and Newman. Mr. Rogers received his BS in Accounting from Bentley College and earned his CPA license while working at PricewaterhouseCoopers.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Chief Financial Officer | Current |
| Cognex Corporation | Current | |
| Pads Software, Inc | Current | |
| Bentley College | Bs In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Chief Operating Officer | Current |
Amir Sunderji is responsible for risk management and payment operations at CashEdge. He has 15 years of experience in the financial services industry. Prior to joining the team, Mr. Sunderji was with BarterTrust.com, a business-to-business barter exchange, where as chief credit officer he led the risk and economy management efforts. Previously, he was vice president of risk management and credit policy at Advanta Business Services, a subsidiary of Advanta Corporation. Mr. Sunderji also directed risk management efforts for Mercedes-Benz Credit Corporation's $8 billion portfolio. Before that, he held a number of positions at HSBC in audit and risk examination, capital markets and consumer finance, and was vice president of risk management for a $4 billion portfolio. Mr. Sunderji earned an MBA in Finance from the University of Dar-es-Salaam in Tanzania and a BS in Accounting from the University of Poona in India.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President, Risk Management & Payment Operations | Current |
| Advanta Corporation | Vice President of Risk Management | Former |
| Advanta Business Services | Vice President of Risk Management | Former |
| HSBC Auto Finance | Former | |
| University Corp. | Master of Business Administration, Finance | Former |
Chuck Tremblay is responsible for the Professional Services organization at CashEdge, which manages the implementation of CashEdge products and services for customers and integration with customer systems. Mr. Tremblay has more than 15 years of software development, implementation and integration experience. He was recently the director of Account Services for WebMD, where he was responsible for all private portal implementation, integration projects, and the follow-on account management. At Accenture-owned SYSTOR AG and ANDERSEN LLP he managed systems implementation and reengineering project teams. Mr. Tremblay graduated magna cum laude from Southern Oregon State University with a BS in Business Administration and a minor in Computer Science.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President of Client Integration | Current |
| Andersen Corporation | Former | |
| Oregon State University | Bs In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President of Engineering | Current |
| Strathclyde University | BS | Former |
Deborah Kovacs is responsible for product design and implementation. She has spent most of her career developing software for the financial services industry and has more than 20 years of experience in information technology and enterprise software management. Prior to joining CashEdge, Ms. Kovacs served a variety of technology companies including Sanchez Computer Associates, now part of Fidelity Information Services. As Senior Vice President of Product Management at Sanchez she managed a team of 120 people and was responsible for building and managing all product development functions. Ms. Kovacs received a BS in Information Systems from Carnegie-Mellon University.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President, Product Management | Current |
| Sanchez Computer Associates, Inc. | Vice President of Product Management | Former |
| Carnegie Mellon University | Bs In Information Systems | Former |
Jeremy Sokolic is Senior Vice President of Marketing and Product Management. He has more than 15 years of experience in financial services and technology. Prior to joining CarryQuote, Mr. Sokolic served as both Vice President of Product Management and Vice President of Marketing for CashEdge Inc., a financial services technology company that provides money movement and data consolidation services to banks, brokerages, and wealth management firms. During his tenure at CashEdge, Mr. Sokolic built the product management and marketing organizations from scratch, taking the company from pre-revenue to over $40 million in sales. Previously, Mr. Sokolic was an Associate and Business Analyst at McKinsey & Company, where he served a range of clients in the areas of healthcare and financial services and an Associate with Atlantic Medical Partners, a private equity investor. Mr. Sokolic received an MBA from Columbia Business School and a BS in Economics from the Wharton School, University of Pennsylvania
| Organization | Position | Status |
|---|---|---|
| Carryquote Ag | Senior Vice President Marketing and Product Management | Current |
| Cashedge, Inc. | Vice President, Marketing | Current |
| Storahtelling | Secretary | Current |
| McKinsey & Company, Inc. | Associate and Business Analyst | Former |
| Columbia Business School | MBA | Former |
| The Wharton School of the University of Pennsylvania | Bs In Economics | Former |
| Wharton Graduate School of the University of Pennsylvania | BS In Economics | Former |
| Solomon Schechter Day School | Former |
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President, Operations | Current |
| NetsWork Inc. | president | Former |
| Neoforma Inc. | director of operations | Former |
| Hewlett-Packard Company | member | Former |
| California State University | MS in Management Information Systems | Former |
| University of California | BA in Business Economics, Management | Former |
Neil Platt is responsible for all sales, marketing and business development at CashEdge. He has more than 10 years of experience in the financial services industry. Prior to joining CashEdge, Mr. Platt was vice president and senior analyst at Scott's Cove Capital Management, an affiliate of Fleming Asset Management, where he was responsible for investing in distressed companies, turnarounds, and special situations. Previously, he was an engagement manager with McKinsey & Company, where he served financial institution clients on a variety of strategic and operational issues. Mr. Platt received an MBA from Columbia Business School, where he was a Samuel Bronfman Fellow, and a BA from Princeton University.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President of Sales and Account Management | Current |
| Scott's Cove Capital Management | Vice President and Senior Analyst | Former |
| McKinsey & Company, Inc. | engagement manager | Former |
| Columbia Business School | Mba | Former |
| Princeton University | Ba | Former |
Steve Zorn is responsible for overseeing customer care including customer support, the customer help desk, and training at CashEdge. He has more than 11 years of experience in the financial services industry. Previously, Mr. Zorn was VP of Professional Services. Prior to joining CashEdge, Mr. Zorn was director of marketing at Teknowledge Corporation where he was responsible for marketing activities that primarily included product management, channel partner management, and outbound PR activities. Previously, he worked for Edify Corporation's Internet Banking team as a principal project manager for new customer implementations. Before that he held a variety of positions in IBM's Global Services Financial and Utilities sectors. Mr. Zorn received MBA and MS Computer Science degrees from Santa Clara University and a BS in Electrical Engineering from Duke University.
| Organization | Position | Status |
|---|---|---|
| Cashedge, Inc. | Vice President of Customer Support | Current |
| MediaOne | President | Former |
| MediaOne Group | Chief Financial Officer | Former |
| MediaOne Group | Executive Vice President | Former |
| Teknowledge Corporation | Director, Finance Sys Marketing | Former |
| Edify Corporation | principal project manager | Former |
| McDonnell Douglas Corporation | Former | |
| US WEST, Inc. | Former | |
| Santa Clara University | Mba and Ms Computer Science Degrees | Former |
| Duke University | Bs In Electrical Engineering | Former |
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