Inclusion in the 2006 FinTech 100 Ranking Underscores Actuate’s Excellence in Enterprise Reporting for Financial Services
Actuate Corporation (NASDAQ: ACTU), the world leader in Enterprise Reporting and Performance Management Applications that empower 100% of users to achieve breakthrough corporate performance, today announced that American Banker, SourceMedia's flagship publication for banking and financial services professionals, and Financial Insights, an independent research services firm and IDC Company, have once again named Actuate in the annual FinTech rankings of the top 100 global technology and service providers to the financial services industry.
Since its introduction two years ago, the FinTech 100 rankings have played an increasingly important role in helping companies select software providers who are leaders in deploying technology within the financial services industry. The rankings are based on quantifiable, verifiable data, public information and personal interviews conducted by Financial Insights to ensure the accuracy of the information. Global revenue was a key factor in the ranking, attesting to Actuate’s stability and importance to the industry.
“Information is the crux of the financial services industry and the distribution, security and control of that information to customers, partners, employees and regulators is key to building trust and value,“ said Nobby Akiha, senior vice president of marketing for Actuate Corporation. “Our position, once again, in the FinTech 100 ranking is a reflection of our continual dedication to and traction within the financial services sector."
Over the course of 2006, Actuate has achieved several milestones that are of particular interest to the financial services community. Highlights of these include:
• 4 out of the top 5 U.S. banks rely on Actuate for their departmental, divisional or enterprise wide reporting.
• One of the world’s largest banks deploys Actuate reports to upwards of half-a-million users.
• Actuate counted 19 of the 21 Financial Services firms in the Fortune 100 as customers.
• 22 of the top 25 banks in Western Europe rely on Actuate for mission critical reporting.
• With the shipment of Actuate 9 in September of 2006, Actuate introduced its Collaborative Reporting Architecture, which helps financial services firms move Business Intelligence from closed, proprietary development models to an open, iterative development process that reduces the burden on IT and gives end-users such as advisors and customers the freedom to modify and customise their own reports.
• Actuate continues to steward the Eclipse BIRT (Business Intelligence and Reporting Tools) open source project, which is gaining considerable momentum with over 190,000 downloads in the third quarter of 2006. BIRT has been widely adopted in the financial services sector.
• The company launched Actuate 9 e.Spreadsheet, which is the first solution to cost-effectively secure and distribute analysis-ready, customised spreadsheets to millions of users. Spreadsheets are a fundamental facilitator for business within the financial services industry and e.Spreadsheet helps companies mitigate the risks associated with mistakes and errors resulting from each user manually inputting data into Microsoft Excel.
• During 2006, Actuate was selected as an IBM Banking Cluster ISV Partner. The expanded relationship delivers next generation online reporting and analysis for consistent multi-channel customer experience and unified customer insight to both IBM and Actuate’s banking customers.