American Banker and Financial Insights Announce Third Annual FinTech 100 Program; Rankings Showcase Leading Global Financial Technology and Services Providers
NEW YORK & FRAMINGHAM, MA – MAY 18, 2006 – American Banker, SourceMedia's flagship publication for banking and financial services professionals, and Financial Insights, an independent research services firm and IDC Company, announced today the third annual FinTech rankings of the top 100 global technology and service providers to the financial services industry. The rankings will be published November 9, 2006 as a special report in American Banker. The report will contain vital statistics on suppliers of hardware, software and services to the financial services industry as well as analysis and feature articles.
The report will also rank the Top 25 enterprise technology companies in FinTech — technology firms that had significant revenue in financial services in fiscal 2005. For the first time, this year's report will include rankings of the Top 10 service providers in each of financial services primary segments — banking, insurance and capital markets.
Since their introduction two years ago, the FinTech 100 rankings have played an increasingly important role in helping companies prove their commitment and expertise in financial services. Jeff Yabuki, the chief executive of Fiserv Inc., which ranked number one in the last two years' FinTech 100 rankings, said, "Fiserv's position on the FinTech rankings is the result of our focus on the financial services industry and commitment to building long-term partnerships with clients. As a leader in the industry, we dedicate our people and resources to providing insights and solutions for better serving our financial services clients."
"Our goal in creating these rankings is to give financial services professionals an important new element to factor into their technology decision-making equations," said David Longobardi, American Banker's editor-in-chief. "Banking executives can look forward to the 2006 list being our most thorough examination of the financial services industry's vendors and partners to date."
The FinTech 100 rankings will be categorized and evaluated by the company's primary business (hardware, software, services); primary application solution or vertical segment, e.g., banking, insurance and capital markets, total annual revenues for FY 2005 and the percent of revenues derived from financial services. Detail will also be provided for companies regarding year-over-year change in rankings. The final rankings will be based on total revenues and total percentage within the financial industry.
The rankings are based on quantifiable, verifiable data, public information and personal interviews conducted by Financial Insights to ensure the accuracy of the information.
"Entering its third year of production, FinTech 100 is fast becoming the de facto listing of this industry's most relevant service providers," said Michon Schenck, chief operating officer, Financial Insights. "Last year, more than a third of the organizations on the list made announcements promoting their place in the ranking or mentioned it in public disclosure. Aside from showcasing the companies at the top of the list, FinTech also highlights smaller companies with excellent year-to-year growth–whether organic or via acquisition. We look forward to this year's submissions and providing this service to bank executives and the financial services industry."
At this year's BAI Retail Delivery Conference in Las Vegas, Nevada (November 14-17), American Banker and Financial Insights will host an event honoring this year's list makers. Companies interested in being considered for the ranking should visit http://www.financial-insights.com/FI/services/fintech100.jsp for the application. The deadline for submission is July 15, 2006.
About American Banker, a SourceMedia Publication
For more than 170 years, American Banker, www.americanbanker.com , has been the banking and financial services industry premier daily source of information, news, and analysis. American Banker is a daily newspaper that provides news and analysis to the banking and financial services industry. It is distributed across the country to executives of large and small banks alike. With a 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, www.sourcemedia.com , provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. Consulting services, software, and data provided through its two divisions, National Regulatory Services (NRS) and TFP, facilitate regulatory compliance, funds registration and data flow among institutions in the investment, insurance, and financial service industry. SourceMedia's 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers – from the front office to the middle office to the back office.
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. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our 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 was founded in 1977 and represents companies that serve the financial and technology industries. The Atlanta-based agency represents more than 70 companies throughout North America. For more information, call 678-781-7219 or visit www.williammills.com .
William Mills Agency, Atlanta Media Contact: Scott Mills, 678-781-7201 firstname.lastname@example.org or Financial Insights Deborah Stark, 508-935-4318 email@example.com or American Banker Anne O'Brien, 212-803-8280 firstname.lastname@example.org