The research and advisory firms Aite Group and Novarica said they have merged to create one company that will advise financial services firms.
The combined company employs 70 analysts and industry practitioners in North America and Europe and offers a library of more than 3,000 reports covering 16 years of financial services technology innovations. It will host virtual and in-person conferences. Aite-Novarica Group counts hundreds of banks, insurers, payments providers and investment firms among its clients, and its coverage areas include banking and payments, insurance, investments, cybersecurity and fraud.
Kurt Reisenberg, a former executive at Corporate Executive Board, will lead the combined company as CEO.
“We have a tremendous opportunity to leverage our subject-matter experts’ collective industry experience to advise financial services executives on their most critical decisions,” he said in a press release Wednesday.
Before the merger, Novarica specialized in insurance, while Aite Group covered retail banking and payments, commercial banking and payments, wealth management, capital markets and specialized areas such as fraud, anti-money-laundering and cybersecurity.
“Our entire team is looking forward to bringing additional insights from adjacent financial services verticals and specialized areas such as fraud, anti-money laundering, and cybersecurity to our insurer CIO clients,” said Matthew Josefowicz, former CEO of Novarica, who is now head of research councils for Aite-Novarica.
