Since its founding in 1993, Actuate has served the information application needs of the worldâs leading banks including four of the top five US-based global banks and 22 of the top 25 financial services providers in Europe. Under Peteâs leadership, Actuate has maintained its reputation for excellence in financial services by keeping pace with the changing face of banking and the demands of retail and corporate banking customers for richer, more personalised online services that make their lives easier. By continuously innovating to meet the needs of its customer base, Actuate supports a common drive toward generating greater customer value through initiatives around transparency, regulatory compliance and better customer service. Today, banks rely on Actuate to deliver reports that help them meet existing and emerging corporate governance standards.
In August 2007, Pete unveiled a new business model for Actuate â a hybrid between a traditional enterprise software company and open source. This corporate strategy paved the way for open source adoption and accelerated this charge across all industries including financial services. By offering open source technologies to build more robust reporting applications, Actuate is pushing the envelope for the types of products and solutions banks can provide to customers. In addition, Actuateâs open source model lowers financial institutionsâ total cost of ownership and increases the return for Business Intelligence and enterprise reporting applications they deploy.
âIâm honoured to have been recognised for our continued efforts to revolutionise the way banks service their customers and provide significant differentiators in an extremely competitive industry,â said Pete Cittadini, CEO of Actuate. âThis accolade is another example of Actuateâs commitment to providing the solutions that help financial institutions drive customer value.â