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Press Release
American Banker and Financial Insights Publish Fourth Annual Rankings of Financial Industry Technology Vendors Ranked firms garnered more than $48B in sales from financial institutions in 2006 NEW YORK, November 8, 2007 –American Banker, SourceMedia's flagship publication for banking and financial services professionals, and Financial Insights, an IDC Company, a global independent advisory firm, released the fourth annual FinTech 100 rankings of the top technology providers to the financial services industry worldwide. The FinTech 100 provides a comprehensive picture of financial institutions' spending on technology, and offers a window on forces that are changing the industry. This year's highlights include:
Vendors included in the fourth annual FinTech 100 rankings are as follows:
"The financial services industry relies on technology to remain competitive and address regulatory changes in an increasingly complex and dynamic market," said David Longobardi, editor in chief, American Banker. "These rankings help financial institutions know how their vendors compare in terms of size, scale and capacity for growth, relative to their peers, as well as aid in the decision process in selecting vendors who can positively impact the productivity and profitability of the financial institution." "FinTech companies are growing faster than what the industry spends on technology," said Jeanne Capachin, research vice president of global banking and insurance for Financial Insights. "Acquisitions have played a part, but top vendors strive to become trusted partners with their financial institution customers." The 2007 ranking of the top 100 application/service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY06) and the percentage of revenues from sales to financial services industry clients. The FinTech 100 includes vendors that derive more than one-third of eligible revenue from the financial services industry. Revenue from network, telecommunications, electronic exchanges and data services providers is ineligible. All rankings are based on Financial Insights' revenue estimates. Financial Insights conducted analysis on more than 400 companies for this recognition. 2007 winners will be honored at the BAI Retail Delivery Conference & Expo in Las Vegas at an awards breakfast on November 14 at the Mandalay Bay. To attend the breakfast register online at: www.AmericanBanker.com/fintech100rsvp. To obtain a complete copy of the report, please visit either company's website at: www.financial-insights.com/FI/services/fintech100.jsp or www.AmericanBanker.com/fintech100. About American Banker and SourceMedia, Inc. American Banker, www.AmericanBanker.com, is the banking and financial services industry's premier daily source of information, news, and analysis for executives at banks of all sizes. Founded in 1836, with a current readership of more than 77,000, the publication covers topics including national and global issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology. SourceMedia, an Investcorp company, is the pre-eminent provider of timely and essential news, analysis, research, and insights for members of the financial services community, and the related fields of accounting and technology. SourceMedia offers its clients and subscribers professional publications, industry-standard data applications, and in-depth seminars and conferences. About Financial Insights, an IDC Company Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Their global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company. Visit www.financial-insights.com for more information. About William Mills Agency William Mills Agency is the nation's largest public relations firm serving the financial services industry. The Atlanta-based agency was founded in 1977 and promotes companies that sell virtually every product or service used by commercial banks, mortgage lenders, credit unions, insurers and securities companies. According to the 2007 O'Dwyers' Public Relations Firm Rankings, William Mills Agency is ranked tenth in financial/investor relations and 67th in independent firms. The agency represents more than 70 companies throughout North America. For more information, call 678-781-7200 or visit www.williammills.com/.For more information, please contact: Deborah Stark dstark@financial-insights.com 508-935-4318 Scott Mills scott@williammills.com 678-781-7201 Anne O'Brien anne.obrien@sourcemedia.com 212-803-8280 |
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