Indecomm Global Services, a leader in business process outsourcing, learning, and technology solutions, announces that it has been recognized in the 2016 IDC Financial Insights FinTech Rankings for the fourth year in a row. The annual IDC FI FinTech Rankings are the most comprehensive vendor ranking in the financial services industry. They are based on 2015 calendar year revenues of hardware, software and IT services to financial institutions.
“Technological change seems to be the greatest challenge in the industry but we consider it to be a significant business opportunity,” said Naresh Ponnapa, Group CEO and Managing Director, Indecomm Global Services. “Software as a Service (SaaS) and Outsourced Product Development (OPD) are the strategies which Indecomm uses to help its customers address these challenges. Our rise in the rankings is a harbinger of good things to come.”
The providers listed in the IDC Financial Insights FinTech Rankings offer proprietary platforms and services in technology, which span the ever changing need for IT in the financial services industry. Global spending on IT is a rapidly growing market, expected to reach half a trillion dollars by 2018.
“Being positioned on the IDC Financial Insights FinTech Rankings demonstrates a fintech company’s commitment to the financial services industry and the success achieved at their financial institution clients,” states Karen Massey, senior analyst at IDC Financial Insights. “The IDC Financial Insights FinTech Rankings, now in its 13th year, is the global industry standard who’s who of financial services technology providers, and we congratulate the 2016 winners.”
These rankings serve as a barometer of innovation in technology and help identify the sources who can deliver it. In addition, on a more micro level, these rankings can provide a key input to strategic and operational planning, especially in the build or buy decision.
For a detailed report on the finding, view or download here.
For more information about the rankings, see here.