Note from the Publisher: Earlier this week, IDC Financial Insights announced their top 100 Fintech and top 25 Fintech Enterprise rankings for 2016. The top 10 on the first list included two companies from India (Tata Consultancy-#1 and Infosys-#6), two from Japan (NTT Data-#5 and Nomura Research-#9) and six from the United States (FIS-#2, Cognizant-#3, Fiserv-#4, NC-#7, TSYS-#8 and Diabold-#10). Top 5 Enterprise Fintechs were, in order, IBM, HP, MIcrosoft, Accenture & Cisco Systems. These are the big boys of fintech, and we applaud the winners.
“The IDC Financial Insights FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services.
Two categories of companies are ranked:
1.FinTech Rankings: Top 100 – vendors that derive more than one-third of their revenue from financial institutions.
2.FinTech Rankings: Enterprise 25 – enterprise companies serving multiple industries that derive less than one-third of their revenues from financial institutions.
Revenue from sales of network, telecommunications, electronic exchanges, and data services is EXCLUDED from the IDC Financial Insights FinTech Rankings. Firms such as market data providers or credit bureaus that derive revenues from excluded categories, but also have revenue tied to software, hardware, or services, are considered in these rankings. For these data providers, the revenue attributed to data is used to qualify the provider to meet the one-third hurdle yet only the qualifying portion of revenue is included in the ranking.”