International Data Corporation (IDC) announced that Fiserv and Microsoft, for the second year in a row, topped the IDC FinTech Rankings FinTech Top 100 and Enterprise Top 50 respectively. The IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services
Data is collected through vendor surveys, along with original research and market analysis conducted by IDC Financial Insights, resulting in two distinct sets of rankings: the IDC FinTech Rankings Top 100 and the Enterprise Top 50.
• FinTech Rankings: Top 100 – Solution providers that derive more than one-third of their revenue from the financial services and FinTech industries and across no more than two additional key non-FSI industry verticals.
• FinTech Rankings: Enterprise Top 50 – Solution providers supporting four or more key industries yet have sufficient revenues from the financial services and FinTech industries to be ranked.
In addition, the IDC FinTech Rankings program has two other categories for special recognition:
• Emerging FinTech – Companies that were not ranked in the previous IDC FinTech Rankings program will be recognized in the Emerging FinTech category.
• Fast Track FinTech – Companies ranked in the previous IDC FinTech
Rankings program and have noticeably grown in the rankings year over year will be recognized in the Fast Track FinTech category.
These providers are instrumental in powering the financial services industry, where IDC projects global IT spending on hardware, software, and services will be $550 billion USD in 2024. For more information on the rankings and IDC’s ongoing coverage of leading global financial technology providers, please visit the FinTech Rankings site.
«For over two decades, IDC has been ranking the largest global FinTech providers, and the 150 technology companies featured on this year’s list continue to drive the innovation and scale needed to sustain the financial industry for years ahead,» said Marc DeCastro, research director with IDC Financial Insights. «The 2024 rankings represent over 55% of the total industry expenditure on hardware, software, and services, highlighting substantial opportunities for both ranked and unranked FinTech providers.»
The 2024 IDC FinTech Rankings Top 10 are:
1. Fiserv
2. FIS
3. Broadridge Financial Solutions, Inc.
4. SS&C Technologies Holdings, Inc.
5. Moody’s Analytics
6. NCR Atleos
7. Experian
8. Diebold Nixdorf, Incorporated
9. Virtu Financial
10. Equifax
The 2024 IDC FinTech Rankings Enterprise Top 5 are:
1. Microsoft
2. IBM
3. Accenture
4. Tata Consultancy Services Limited
5. Amazon (AWS)
2024 Real Results Award Winners
IDC also revealed the winners of the 2024 Real Results Awards, recognizing IT providers that have enabled a genuine, measurable, and future-enabling change at a client financial institution (bank, capital markets firm, or insurer) in the worldwide financial services industry. VeriPark was named the 2024 Overall Winner.
2024 Real Results Award winners include:
• Banking Deposit Transformation: Experian
• Lending Transformation: Finacle
• Payments: ACI
• Insurance: Moody’s Analytics
• Omni-Engagement: VeriPark
• Treasury and Trade: FIS
• Overall Winner: VeriPark
Above, photo by Smit Patel on unsplash
