Magnitude is the business-driven technology choice for industry leaders.

The market and competitive landscape is decidedly different from even a decade ago

  • Increasingly stringent Regulatory reporting and compliance in response to the financial crisis of 2007 driven by the Basel Accords and Dodd Frank.
  • New consumer technologies and service expectations are making the Retail banking sector increasingly competitive with customer experience now key to acquiring new, and retaining existing customers.
  • Investment analytics and reporting is now a major competitive differentiator, allowing firms to keep customers better informed and themselves more customer centric.
  • Operational Risk management has come to the fore and is now seen as on par with credit, market, currency and other traditional classes of banking risks.
  • Campaign management and marketing have become more heavily data driven with new analytical techniques and data sources enabling the micro targeting of specific consumers across multiple channels.
  • Mortgage origination and servicing firms have first-hand experience of what happens when mortgage documentation and records are incomplete or plain wrong, and exposure to risk is not fully understood.

Yes, today’s banking landscape is very different. More and more firms are recognizing the necessity of a comprehensive data management strategy to both satisfy the needs of the business and the regulatory authority. All-encompassing initiatives such as BCBS 239 will affect most aspects of banking. Failure to have the right strategy can result in elevated levels of compliance and operational risk with detrimental effects on the balance sheet of banks and financial firms.

Part of this data management strategy is the need for business-driven technology choices that satisfy all the organization’s different internal and external stakeholders’ needs for timely, high-quality information. Essential to this solution is an automated data warehouse, reference data management, and master data management capability, where multiple sources of data, both transactional and operational, can be integrated, cleansed, aligned and made available in the right view and format for the business to use.

Develop a Sound Data Management Strategy

Employing state of the art visual technology to define the business information models that answer business questions and address compliance needs, the Magnitude Dynamic Information Warehouse (DIW) allows organizations to easily define the solution in terms of the business requirements, not the technical design. This unique business-focused approach, coupled with Magnitude’s underlying automation, results in a vastly accelerated delivery time, provides the flexibility to easily adapt to new or changing requirements, enables delivery and ongoing operations with fewer resources, and offers a significantly lower level of operational risk and lower Total Cost of Ownership (TCO) as compared with traditional data warehouse, reference data management, and master data management solutions.

By focusing on business priority and results, rather than technology, Magnitude DIW enables firms to integrate information from the various “silos” that exist within a modern diversified financial services organization. Whether the need is correlating account ownership across Wealth Management, Retail and Investments, or tracking branch profitability, or producing targeted marketing campaigns, and easily analyzing their results, Magnitude Dynamic Information Warehouse can integrate, validate, store and maintain the required information far faster, and with fewer resources, than any competing technology, while providing the flexibility to easily accommodate change in a constantly evolving market and regulatory landscape.

Read more via the links above for further details as to how Magnitude can play a part in a sound data management strategy.


Resource Library

White Paper
Data Warehouse Automation for Financial Services

Learn more about the advantages of data warehouse automation for a variety of use cases for banks and financial services firms.

© Copyright 2017 Magnitude Software, Inc. All rights reserved. Magnitude Software is a registered trademark of Magnitude Software, Inc. in the U.S. and other countries. All other product and company names mentioned herein are used for identification purposes only and may be trademarks/registered trademarks of their respective owners

Chris Ney

Chairman and
Chief Executive Officer

Chris oversees Magnitude Software’s overall corporate vision and strategic direction.

As Chairman and CEO, Chris leads Magnitude Software’s corporate vision and strategic direction, driving the company’s acquisition, integration and growth strategies to extend the company’s global reach. Under his leadership, Magnitude Software has developed an unparalleled customer experience, strengthened its culture of innovation, and greatly increased profitability and shareholder value. In September 2014, Chris successfully secured up to $100 million in capital to further build Magnitude Software through product innovation, organic growth and strategic acquisitions.

Ney was previously Co-Founder and President of Silverback Enterprise Group, where the team completed the strategic acquisition of nine industry-leading enterprise software companies and leveraged their synergies to build two powerful new entities: Magnitude Software and Upland Software. Magnitude Software offers a family of award-winning solutions for enterprise performance management, master data management and data connectivity. Upland Software (Nasdaq: UPLD) went public in late 2014 and is a leading provider of cloud-based enterprise work management software with over 2,000 active enterprise customers and more than 235,000 active users in more than 50 countries.

Prior to co-founding Silverback, Ney was CEO of a series of Trilogy/Versata portfolio software companies. He previously served as Chairman of the Board, CEO and Founder of CoreTrac, a financial services CRM software company. Ney began his career working for investment banking firms Lehman Brothers and UBS.

He holds a Bachelor’s Degree in Economics from Texas A&M University.


Kevin Mischnick

Senior Vice President,
Finance and Accounting

Kevin oversees global financial operations for Magnitude Software.

Bringing more than 25 years of financial experience to Magnitude Software, Kevin is responsible for a number of areas of the business, including Finance, Accounting, Legal and Information Technology.

Kevin’s background includes building and transforming financial teams into high-performing units, implementing systems and processes focused on cost savings and efficiency, and raising nearly $100 million in investor capital. He served as Senior Vice President of Finance for Multimedia Games Inc. and Capstar Broadcasting Corporation. Under his financial leadership, the market values of both companies increased more than tenfold.

Kevin is a certified public accountant and holds a Bachelor of Business Administration in Accounting from Texas Tech University.


Bill Stephens

General Manager, Magnitude Applications

Bill leads the Magnitude Applications business, driving strategic direction, product and service execution, revenue growth and customer engagement across Magnitude’s applications portfolio.

A seasoned IT and consulting executive with a 20-year track record leading teams to drive customer success across diverse industries, Bill previously served as BIAS’ Vice President of Services overseeing the successful delivery of solutions across the Public Sector and Commercial markets. Prior to BIAS, Bill served for over a decade at Oracle Corporation as an applications consultant, project manager, senior operations director, and consulting executive.

He developed the foundation of his leadership skills while serving as a Cavalry Scout in the Kentucky Army National Guard.

Bill holds a Bachelor of Science in Finance from the University of Louisville.


Tony Fisher

General Manager, Magnitude Integration

Tony leads the Magnitude Integration business, driving strategy, revenue, product and operations as well as leveraging and integrating our Simba- and Innowera- based technologies for new Magnitude solutions.

An accomplished data management and big data marketplace leader, Tony previously served as the SVP, Business Development & Strategy at Zaloni, an award-winning enterprise data lakes management provider; prior to that role, he was Vice President, Data Collaboration & Integration at Progress Software, where he led the business line’s strategic direction and operations.

Prior to Progress, Tony was the CEO of Dataflux Corporation. He also served as Director of data warehouse technology at SAS. A key technology leader at SAS, Tony provided the engineering research and development direction that helped make SAS the market leader in data warehouse software sales.

Tony earned a Degree in Computer Science and Mathematics from Duke University.


Darren Peirce

Chief Technology Officer

Darren spearheads the development, execution and management of strategic opportunities and key customer accounts across our portfolio.

As Magnitude’s technology guru and evangelist, Darren is critical to building on our position as a leading provider of software and services that help organizations tackle the challenges and opportunities inherent in digital information management.

Previously, Darren served as CTO and Group Vice President of Product Management at Kalido; prior to that role, he was the Lead Solutions Architect and Manager of Professional Services in the United Kingdom. He also worked in senior consulting positions for companies such as Royal Dutch Shell and British Telecom.

Darren received a degree in Management from Intec College in Cape Town, ,South Africa, and studied Economics at the University of Stellenbosch.


Mihir Shah

Executive Vice President,
Corporate Development and Strategy

Mihir is responsible for Magnitude Software’s acquisition and organic strategy.

Mihir has over a decade of experience leading acquisitions and strategy. During this period, he led several public and private company acquisitions, divestitures, and minority and majority equity investments.

Previously, Mihir was M&A Executive for IBM’s Information Management Software division, executing IBM’s inorganic strategy through M&A and strategic partnerships. He also served as Operating Executive for private equity firm, Golden Gate Capital, and as Vice President for Corporate Development at Aspect Software.

Mihir holds an MBA from the University of Chicago Booth School of Business and Master of Science from Worcester Polytechnic Institute.


Karen McPhillips

Vice President,

The mind that opens to a new idea never returns to its original state

Karen McPhillips drives marketing strategy and operational execution to grow the company profile, revenue and market position.

Leveraging 20+ years of transformational marketing experience, Karen fuels Magnitude’s corporate and existing portfolio marketing, collaborating to maximize the company’s business strategy while also supporting integration of acquired products and services.

Karen has served on leadership teams of public and private companies of all sizes, transforming marketing functions and generating both tangible and intangible value. Most recently at PlumChoice, she and her team repositioned the brand and metamorphosed the marketing function in support of the company’s pivot from IT support provider to leader in the cloud services and Internet of Things spaces. At Iron Mountain and its technology arm, Iron Mountain Digital, she created new marketing functions, introduced the marketing operations discipline, and spearheaded a closed-loop leads-to-revenue framework coupled with a brand-to-demand communication platform that raised the bar on marketing’s revenue influence. Prior to Iron Mountain, Karen held marketing leadership roles with SaaS back-up leader, Connected Corporation (acquired by Iron Mountain), and SilverStream Software, contributing to the company’s IPO and acquisition by Novell.

Karen earned a Bachelor’s degree in Journalism from St. Michael’s College in Vermont.