NEEDHAM, Mass.–(BUSINESS WIRE)–#IDCEmergingFinTech–International Data Corporation (IDC) today announced Fiserv and Microsoft top the 2023 IDC FinTech Rankings FinTech Top 100 and Enterprise Top 50 respectively. The 20th annual IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights. Two sets of rankings emerge from this process: IDC FinTech Rankings Top 100 and Enterprise Top 50.
FinTech Rankings: Top 100 – Solution providers that derive more than one-third of their revenue from the financial services and FinTech industries and across no more than two additional key non FSI industry verticals.
FinTech Rankings: Enterprise Top 50 – Solution providers supporting four or more key industries yet have sufficient revenues from the financial services and FinTech industries to be ranked.
In addition, the IDC FinTech Rankings program has two categories for special recognition:
Emerging FinTech – Companies that were not ranked in the previous IDC FinTech Rankings program will be recognized in the Emerging FinTech category.
Fast Track FinTech – Companies ranked in the previous IDC FinTech Rankings program and have noticeably grown in the rankings year over year will be recognized in the Fast Track FinTech category.
To download the lists in their entirety, please visit here.
These providers supply the technological backbone of the financial services industry, an industry in which IDC forecasts worldwide IT spending will be more than $800 billion (USD) by 2026. To learn more about the rankings and IDC’s continued coverage of the top global providers of financial technology, please visit the FinTech Rankings site here.
“For 20 years, IDC has been ranking the largest global FinTech providers, and the 150 technology companies represented on this year’s list continue to provide the innovation and scale necessary to support the financial industry for many years to come,” said Marc DeCastro, research director with IDC Financial Insights. “While these ranked companies capture approximately 60% of the total industry spend of hardware, software, and services, there are significant opportunities for both the ranked and unranked FinTech providers.”
“Fiserv is dedicated to enabling the success of our clients through technology, equipping them to innovate in a rapidly changing financial services landscape,” said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. “We’re honored to lead the 2023 IDC FinTech Top 100 and to be named a Real Results Award winner, recognitions that underscore the highly valued trust our clients place in us, and the ability of our talented workforce to execute and drive results on their behalf.”
The 2023 IDC FinTech Rankings Top 10
Broadridge Financial Solutions
The 2023 IDC FinTech Rankings Enterprise Top 5
Tata Consultancy Services
2023 Real Results Award Winners
IDC also revealed the winners of the 2023 Real Results Awards, recognizing IT providers that have enabled a genuine, measurable, and future-enabling change at a client financial institution (bank, capital markets firm, or insurer) in the worldwide financial services industry. Broadridge was named the 2023 Overall Winner.
Additional 2023 Real Results Award winners include:
Capital Markets Transformation: Broadridge
Deposit Transformation: Finxact, a Fiserv Company
Omni-Experience Customer Engagement: Q2
Lending Transformation: Broadridge
Insurance Transformation: Moody’s Analytics
Overall Winner: Broadridge
For additional information about the IDC FinTech Rankings, please contact Sarah Murray at 781-378-2674 or firstname.lastname@example.org. Reports are available to qualified members of the media. For information on purchasing reports, contact email@example.com; reporters should email firstname.lastname@example.org.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.