|Broadridge earns recognition as IDC Rising Star, moves up 3 places in ranking.
Broadridge today announced that it has placed 14 out of 100 on the 2021 IDC Fintech Rankings, rising three places from its 2020 ranking. The list features leading hardware, software, and service providers to the financial services industry around the world. This is the seventh consecutive year IDC's prestigious annual rankings have acknowledged Broadridge as one of the top financial services providers, recognizing its steadfast commitment to delivering innovative solutions to financial institutions.
"We are honored to be recognized again as a global Fintech leader by IDC. At Broadridge, we are focused on finding new ways to help our clients accelerate digitization, drive mutualization benefits, and enable the increasing democratization of investing," said Tim Gokey, CEO of Broadridge. "We are leveraging new technologies to drive our clients' growth, while reducing the cost of complexity of their operations across governance, capital markets and wealth and investment management."
The Fortune 500-style ranking categorizes and evaluates the top providers of financial technology based on calendar year revenues attributed to financial institutions. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts IT spending across the world to reach $590 billion by 2025.
"Being named in the IDC Fintech Rankings is a significant accomplishment, demonstrating a provider's commitment to the success of its financial institution clients," said Marc DeCastro, Research Director at IDC Financial Insights. "The IDC Fintech Rankings, now in our 18th year, is the global standard list of Fintech providers to the industry, and we congratulate the 2021 winners."
Financial services organizations must embrace innovation and integrate cutting-edge technology to enhance customer experience and achieve operational excellence in a digital economy. Broadridge and other vendors featured on the list represent those providers committed to helping financial institutions implement digital transformation initiatives.
Broadridge provides technology-driven solutions to banks, broker-dealers, portfolio managers, and public companies. The company's infrastructure serves as a global communications hub for thousands of mutual funds and millions of institutional investors.