American Banker and Financial Insights Team Up to Rank Top Financial Technology Vendors
FRAMINGHAM, MA – JULY 7, 2004 – American Banker, Thomson Media’s flagship publication for banking and financial services professionals, and Financial Insights, an independent research services company, have teamed up to develop a ranking of the top 100 global technology and service providers to the banking industry. The ranking, which will contain vital statistics on suppliers of hardware, software and financial technology services, will be published in November 2004.
The ranking will contain:
• Top 25 Financial Technology companies, listing the largest software and services providers whose revenue is predominantly from the financial services industry;
• Top 10 enterprise technology companies in financial services, listing top horizontal companies who had significant revenue in the financial services industry; and
• Top 100 banking technology companies, listing top application and service providers in the banking market.
“The financial technology marketplace is in the throes of major change and we believe that the leaders of financial services companies are looking for a clear and broad view of this segment,” said David Longobardi, American Banker’s editor-in-chief. “Our readers need this perspective – and we’re excited to have Financial Insights as our partner in delivering it.”
Michon Schenck, chief operating officer at Financial Insights said, "This will be a ground breaking initiative in our industry and I cannot think of a better partner than American Banker who has long been known for their annual bank rankings. We expect this to become a critical metric in the annual performance evaluations of the key providers in our industry. I personally cannot wait to see the published results."
The final ranking and special report will be distributed to American Banker subscribers and Financial Insights research clients. It will also be distributed at the Bank Administration Institute’s 2004 Retail Delivery Conference in Las Vegas. (November 16 – 19).
The top 100 ranking will be categorized and evaluated by the companies’ primary business; primary technology and primary verticals, total annual revenues for 2003 and forecast for 2004; percent of revenues within financial services for 2003 and forecast for 2004; type of application or service provided; vendor and product reputation; adherence to industry standards; number of clients in the banking industry; total number and value of acquisitions done within financial services; market capitalization and change in market capitalization. The companies will be ranked by total revenues and total number of bank clients.
About American Banker and Thomson Media
For more than 165 years, American Banker, www.americanbanker.com, has been the banking and financial services industry premier daily source of information, news, and analysis. Since 1996, American Banker has offered American Banker Online, an online counterpart to the print publication. In addition to news and analysis provided by American Banker's own journalists, the site offers third-party news services, content from Thomson Media's sister publications focused on banking and financial services news, data, analysis, research, and much more. American Banker offers a one-stop information service to banking and financial services professionals. American Banker is published by Thomson Media (www.thomsonmedia.com), a division of The Thomson Corporation, and a leading provider of information, data, and software tools for professionals in the financial services and related technologies markets.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2003 revenues from continuing operations of $7.6 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 43,000 employees and provides services in approximately 130 countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
About Financial Insights, an IDC Company
Financial Insights provides independent research services, custom consulting and detailed multi-client studies on technology issues and challenges facing the financial services industry. The Retail Financial Services practice offers four areas of focus: Payments, Delivery Channels, Consumer Banking & Credit and Wealth Management. The Capital Markets practice covers Trading and Risk Management. The Corporate Banking practice covers cash management, wholesale payments, trade finance, and small business banking. Financial Insights is the only market research firm that also provides a full array of regional services in both Europe and Asia Pacific. We strongly believe in the importance of a global view and present strategic and insightful market positions, trends, spending forecasts and cross-industry segmentation data.
Financial Insights is an IDC company. Financial Insights is headquartered in Framingham, Mass. Visit http://www.financial-insights.com/ for more information.
IDC is the premier global market intelligence and advisory firm in the information technology and telecommunications industries. We analyze and predict technology trends so that our clients can make strategic, fact-based decisions on IT purchases and business strategy. Over 700 IDC analysts in 50 countries provide local expertise and insights on technology markets. Business executives and IT managers have relied for 40 years on our advice to make decisions that contribute to the success of their organizations.
IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. Additional information can be found at www.idc.com.
# # #