Top 25 Enterprise Companies in FinTech

14 November 2008

Today Financial Insights (IDC) announced its list of the top 25 global providers of technology and services in the financial services industry.
Again IBM was ranked number one. Please find below a copy of the FinTech 25 table along with quotes from both IDC and IBM.

IDC Quote:
"IBM continues to lead the market with the greatest breadth of technology and services capabilities, all of which will stand it in good stead as we see a re-prioritization of investment in technology and services within the financial services sector over the next year. While financial constraints and liquidity problems may be impacting spending in many areas, they will have a counter-cyclical impact in certain other areas, such as all forms of outsourcing. In addition the need to improve risk management capabilities, increase transparency and adapt to new regulatory requirements will require a large amount of investment, as will any rationalization or integration following the recent wave of industry consolidation." Jeanne Capachin at Financial Insights (IDC)

IBM Quote:
"In what is the harshest environment for decades, financial institutions are facing the immediate need to improve their capital and liquidity positions in order to ensure short term survival or longer-term advantage. At the same time they need an experienced and trusted partner to help them in three critical areas: firstly to reduce cost and complexity as they move towards more efficient and simplified business models; secondly to help them enhance their risk management capabilities and increase their transparency as they seek to gain an instant understanding of their risk positions, to demonstrate their holistic risk position to the market and to regulators, and to enable instant action to be taken based on best use of information; and thirdly to help them rationalize their business processes and systems as they overcome the recent wave of consolidation and seek to make further strategic partnerships, acquisitions or divestitures. It is at times like these that our financial services clients most appreciate the depth of our industry understanding, welcome the breadth of our capabilities and commitment, and value their trust in our ability to deliver results." June Felix, General Manager, Global Banking and Financial Services, IBM Corporation

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