IDC Financial Insights, the International Data Group market research subsidiary targeting financial IT managers, has unveiled its 11th Annual FinTech rankings.
Topping the list this year is FIS Global, a provider of technology and services. In the number 10 position is the retail banking systems vendor Wincor Nixdorf, which characterizes its main focus as “business process optimization, especially in the branch operations” of both retail banks and the retail industry generally.
Outsourcing specialist Tata Consultancy Services is in second place while technology provider Fiserv is third on the IDC list, officials say. SunGard ranks number eight and Nomura Research Institute comes in at number nine. Since the beginning of the rankings, SunGard has maintained a position in the top 10, the company reports, and Nomura reports that its 2014 top-10 ranking is its fifth in a row.
The complete top 10 list follows:
1. FIS Global
2. Tata Consultancy Services
3. Fiserv
4. Cognizant Technology Solutions
5. NCR Corp.
6. Infosys
7. Diebold
8. SunGard Data Systems
9. Nomura Research Institute Ltd
10. Wincor Nixdorf
The annual ranking is “based on calendar year-end revenues and the percentage of revenues attributed to financial services,” according to IDC Financial Insights, which specifies that the list includes only those “vendors that derive more than one-third of their revenue from financial institutions.”
IDC Financial Insights officials say they gather data from vendor surveys and “original research and market analysis.”
IDC also points out that “revenue from sales of network, telecommunications, electronic exchanges, and data services is excluded from the FinTech Rankings. Firms such as market data providers or credit bureaus that derive revenues from excluded categories, but also have revenue tied to software, hardware, or services, are considered in these rankings.”
“The financial services industry is continually under pressure for improved customer experience, financial performance, and efficient risk management and compliance. The FinTech Rankings showcase those providers that are effectively and successfully meeting the needs of their institution clients,” Karen Massey, senior analyst, IDC Financial Insights, says in her company’s statement.
Need a Reprint?
Leave a Reply