The FinTech 100 evaluates hardware, software and IT services companies based on fiscal year-end revenues and the percentage of revenues attributed to the financial services industry. Companies that qualify for the FinTech100 rating must derive significant revenue from sales to the financial services sector in order to make the list. The results are compiled and reported by the research firm Financial Insights, an IDC company, and American Banker.
“The financial services industry, which encompasses the banking, commodities and insurance sectors, is highly competitive. Clearly, these companies extract great value from advanced IT and communication applications that enables this industry to grow market share, revenues and profits,” said Nick Lippis, industry analyst, Lippis Consulting.
“The FinTech ranking illustrates that top firms in the financial sector worldwide recognize the value of Avaya intelligent communications, which are enabling them to deliver a superior customer experience, boost productivity among an increasingly mobile workforce, and improve total cost of ownership while laying a solid foundation for deploying best-in-class communications applications,” said Tony Kleckner, global practice leader, Financial Services, Avaya.