Finastra named an IDC Fintech Rankings Top 25 global solution provider
IDC’s prestigious annual Financial Insights highlights the leading financial services providers dedicated to enhancing both customer experience and operational excellence
London, UK – September 11, 2023 – Finastra, a global provider of financial software applications and marketplaces, today announced it has been ranked a Top 25 solution provider in the 2023 IDC Fintech Rankings. The enterprises featured on this list enable financial institutions to deliver on their digital transformation goals, while enhancing customer experiences across the globe. This marks the fifth consecutive year that Finastra has ranked among the top 25.
“IDC has been producing the IDC FinTech Rankings for twenty years and have expanded the program to now include the top 150 solutions providers to ensure we get the most accurate representation of the largest FinTechs in the world,” said Marc DeCastro, research director at IDC. “The technology companies on this list provide the innovation necessary to keep the financial services at the forefront of providing modern digital experiences across all aspects of a customer’s financial journey.”
The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues exclusively received from financial institutions and fintechs for hardware, software and/or services. These providers supply the technological backbone of financial services, an industry in which IDC forecasts worldwide spending on IT to be over $800 billion (USD) by 2026.
“As we continue to bring our solutions to customers all around the world, being once again ranked by IDC represented a significant achievement for our people,” said Simon Paris, CEO at Finastra. “By leveraging the power of collaboration, speed, and agility in an ever-changing world, we are well positioned to bring the benefits of open finance to even more financial institutions in the markets we serve, and beyond. It’s an honor to be recognized as a Top 25 solution provider, and we look forward to helping customers unlock innovation for years to come.”
To view the list in its entirety, please visit www.idc-fi.com. Learn more about Finastra’s recent awards here.
For further information please contact:
James McKenna
Senior PR Manager, Americas
T +1 845.546.2745
E james.mckenna@finastra.com
finastra.com
About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com
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