FIS„¢ (NYSE: FIS), a global leader in financial services technology, announced today that it has been ranked first in the 2018 IDC FinTech Rankings. The annual IDC FinTech Rankings is based on 2017 calendar year revenues attributed to financial institutions.
Our industry is changing faster than ever before and, to keep pace, FIS remains focused on creating and delivering the technology and innovations that help our clients succeed and grow, said Gary Norcross, FIS chairman, president and CEO. Were proud to once again take home the top spot because it shows that the investments we are making in our businesses are valued by our clients.
Now in its fifteenth year, the IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. 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 reach half a trillion dollars by 2020.
Congratulations to FIS for once again earning the top spot in the IDC FinTech Rankings, said Jerry Silva, Global Banking research director, IDC Financial Insights. Combining organic growth with strong strategic acquisitions, FIS retained its focus on continuous innovation even as it has grown to be the worlds largest provider of financial technology.
The annual IDC FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC FinTech Rankings serve as a critical tool for financial institutions and companies to use during strategic planning and to review whenever they consider new investments in third-party solutions.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 52,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poors 500 Index. For more information about FIS, visit www.fisglobal.com.