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Syntel Named a Top 50 Financial Technology Provider

Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has been named to the FinTech 100, an annual ranking of the top global technology providers servicing the financial services industry, as named by American Banker, Bank Technology News and IDC Financial Insights.

Syntel was ranked 37th on the list, which was chosen from a pool of technology providers that derive more than one-third of their revenue from the financial services industry. In all, 74 percent of Syntel's 2009 revenues were attributable to financial services and insurance, including both information technology and KPO solutions.

"We are honored to be named to the Fintech 100," said Syntel CEO and President Prashant Ranade. "Historically, financial services and insurance have been Syntel's strongest verticals, and we continue to make investments in new service offerings to serve our clients in this area."

"Syntel has developed innovative new financial services solutions such as healthcare banking, risk and compliance, fraud detection and anti-money laundering, as well as custom KPO and domain-specific services for targeted industry segments," said Ranade.

The FinTech 100 are evaluated based on calendar year revenues and the percentage of revenues exclusively attributed to financial services and insurance.