Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice, and digital banking solutions, today announced it has been named a top 100 global provider of financial technology on the 2015 IDC Financial Insights FinTech Rankings. The most comprehensive vendor ranking within the financial services industry, the annual IDC FI FinTech Rankings is based on 2014 calendar year revenues attributed to financial institutions.
“The IDC Financial Insights FinTech Rankings are a global measure of success in the financial services technology industry, and we congratulate this year’s Top 100 FinTech companies and the Top 25 Enterprise companies on their prominent positioning," said Karen Massey, Senior Analyst for IDC Financial Insights. "These companies have demonstrated commitment and success in supplying innovative and efficient technology to our industry."
Now in its 12th year, the IDC FI FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar-year revenues from financial institutions for hardware, software, and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018.
“Bottomline is committed to helping financial institutions acquire and deepen customer relationships and organic revenues by accelerating innovation,” said Rob Eberle, CEO of Bottomline Technologies. “We are delighted to be recognized as one of the leading FinTech companies in the world and this achievement underscores our commitment to our customers.”
In addition to commercial online banking and payments capabilities, Bottomline has recently added both customer acquisition and cyber fraud and risk management capabilities to its suite of services for banks. Bottomline posted revenues of over $330 million in its most recent fiscal year; the largest portion came from financial services-related business.
The annual IDC FI FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC FI FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning and to review whenever they consider new investments in third-party solutions. IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view.
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