2020 IDC FinTech Rankings Qualify IT Vendors Based on Revenues Generated in Financial Services Sector
TOKYO–(BUSINESS WIRE)–#Fintech—NTT DATA, a leading IT services provider, today announced that it has placed No. 3 on the 2020 IDC FinTech Rankings Top 100. The high ranking reflects NTT DATA’s continued growth across industries and strength in financial services, insurance, payments and capital markets.
IDC’s 17th annual FinTech Ranking includes the top hardware, software and service providers to the financial services industry from around the world. Vendors that derive at least one-third of their revenue in the finance sector are ranked based on 2019 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 worldwide spending on IT across the globe to exceed $577 billion (USD) by 2024.
“Financial services firms are pushing their IT capabilities to the limit to increase their competitiveness and prepare for the future,” said Hisashi Matsunaga, Director and Executive Vice President, Head of Banking Headquarters, NTT DATA Corporation. “We’ve built a strong track record in the industry, as evidenced by our second straight third-place showing on the IDC FinTech Rankings list. We look forward to continuing our work providing the world’s leading financial institutions with the right digital solutions to help them deliver superior customer service, accelerate business growth and simplify their organizations.”
Data for the annual IDC FinTech Rankings is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights.
“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 its 17th year, is the global standard list of fintech providers to the industry, and we congratulate the 2020 winners.”
NTT DATA’s Financial Service practice leverages deep industry expertise to provide the insights, solutions and outcomes customers need to succeed across all lines of financial services. The company’s broad scope of services help customers drive new revenue streams through creative business models that reduce IT complexity, mitigate risk, comply with global regulations and increase customer centricity.
To learn more about NTT DATA’s work with banking and financial services companies, please click here.
About NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial+ email@example.com, or call 508-620-5533.