In order to generate the list, IDC Financial Insights evaluates the revenues of top global services and technology providers operating in the financial services space, reads information from the firm’s announcement. This comprehensive vendor ranking is derived from “calendar year-end revenues and the percentage of revenues attributed to financial services.” The deadline to submit metrics to IDC is Thursday, July 1.
As part of the rankings process, the firm will also be accepting nominations for its 7th annual IDC FinTech Rankings Real Results list, which is aimed at IT companies that have changed the way banks and other financial service providers operate.
“Our annual IDC FinTech Rankings serve as the leading resource for banks, insurance companies, and capital markets firms as they identify the leading technology players in the exciting world of fintech,” Marc DeCastro, IDC Financial Insights research director, said in a statement. “By rigorously evaluating and measuring the global technology providers serving this market, we provide a proven and effective roadmap to guide strategic IT buying decisions and arm today’s executives with the critical information needed to select partners that will help them succeed in the next normal.”
From Twitter:
BTR Newswire @BTRoundtable May 1
"IDC: Why Financial Institutions Should Treat Cryptocurrencies as an Opportunity--Banks need to begin building their product and technology strategies https://bit.ly/3eavelk - #fintech #trends"
Last year, FIS was the top ranked company in the FinTech Rankings Top 100 while IBM was awarded the apex position on the Top 25 Enterprise list, according to NASDAQ. In 2020, both were named to their respective positions for the fourth year in row.
Per NASDAQ, the 2020 IDC FinTech Rankings Top 10 included:
- FIS
- Tata Consultancy Services Limited
- NTT DATA
- Fiserv, Inc.
- Cognizant Technology Solutions
- SS&C Technologies
- Infosys Limited
- NCR Corporation
- Diebold Nixdorf
- Global Payments
The 2020 IDC FinTech Rankings Enterprise Top 5 included:
- IBM
- Microsoft
- Dell Technologies
- Deloitte
- Accenture
Vendors generating more than 33% of revenues from finance institutions qualify for the Top 100 list, while the Enterprise 25 is aimed at ranking companies operating over multiple industries that do not pull more than one-third of their revenue from those same types of institutions, per information from IDC.
Gary Norcross, FIS chairman, CEO and president, said the fintech services firm has achieved such success for its ability to stay on the cutting edge of its market. After it was named the top firm on the IDC Top 100 for its third straight year, Norcross touted the firm’s ability to serve clients.
“At FIS, our growth as a company is driven by our ability to bring modern, leading-edge solutions to our clients that help them run their operations more cost-effectively, connect with their customers in more meaningful ways, and grow their businesses,” said Norcross. “Ultimately, that is the true measure of our success and our number one mission as a company.”
