Fiserv Awarded #1 Ranking in FinTech 100; 2nd Year in a Row Validates Market Penetration
Fiserv Awarded #1 Ranking in FinTech 100; 2nd Year in a Row Validates Market Penetration
November 16, 2005
Fiserv Awarded #1 Ranking in FinTech 100; 2nd Year in a Row Validates Market PenetrationBROOKFIELD, Wis.--Nov. 16, 2005--Fiserv, Inc. (Nasdaq: FISV), a leading provider of information management solutions for the financial industry, has been ranked No. 1 in the American Banker and Financial Insights FinTech 100 for the second year in a row. The annual ranking, co-developed by Financial Insights, an independent research services firm, and American Banker, SourceMedia's flagship daily publication for banking and financial services professionals, ranks companies by annual revenues derived through providing technology services to the financial services industry.
Both last year's and this year's report have had wide-reaching market impact. The FinTech 100 is the world's only ranking of providers in the financial services industry. It was developed through careful evaluation of vertical technology companies that derived more than one-third of their total annual revenues from sales to financial services industry clients.
Since its formation in 1984, Fiserv has grown into a worldwide organization with more than 16,000 clients in more than 60 countries, supported by nearly 22,000 employees. Fiserv supplies a vast array of software and services to the financial services community including core processing, payment processing, mortgage and auto loan solutions, as well as insurance offerings. In addition, Fiserv offers comprehensive health benefits processing services to employers. Through significant scale and market penetration, Fiserv has achieved record-breaking performance and is now officially recognized as the world's number one provider to the financial services community based on the FinTech 100.
"I noted last year what a significant accomplishment it was for Fiserv to achieve the number one ranking, but to win number one two years in a row is astounding," stated Michon Schenck, chief operating officer at Financial Insights. "Also remarkable about this year's win is the fact that Fiserv actually increased the gap between themselves and the number two ranked company. We attributed their terrific performance this year to their ongoing efforts and focus around organic growth - including developing integrated solutions through an extensive initiative using service oriented architecture - and a continuing focus on strategic acquisitions. Fiserv is clearly the giant in our industry that all other Fin Tech companies aspire to be."
To create the FinTech 100, Financial Insights and American Banker conducted an arduous primary and secondary research effort throughout the year, examining both vertical market providers as well as horizontal technology providers. Candidates were screened to type of offering, quality of revenue, and total percent penetration within the financial services industry. The full report was published on November 8, 2005 and is available to online subscribers on American Banker's and Financial Insights Web sites.
"We have been working hard since the very beginning of Fiserv to create a company with tightly integrated solutions that can generate strong, consistent growth - both internally and through acquisitions," said Norm Balthasar, Fiserv chief operating officer. "It's very rewarding to see those efforts recognized yet again in this prestigious ranking."
About American Banker
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. 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 SourceMedia'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 SourceMedia (www.sourcemedia.com), a leading provider of information, data, and software tools for professionals in the financial services and related technologies markets.
About SourceMedia
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. Its flagship publications, including American Banker, National Mortgage News, The Bond Buyer, and Accounting Today, have helped build SourceMedia's reputation as the pre-eminent information source in its respective markets.
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.
About Fiserv
Fiserv, Inc. (Nasdaq: FISV) provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv can be found on the Internet at www.fiserv.com.
Both last year's and this year's report have had wide-reaching market impact. The FinTech 100 is the world's only ranking of providers in the financial services industry. It was developed through careful evaluation of vertical technology companies that derived more than one-third of their total annual revenues from sales to financial services industry clients.
Since its formation in 1984, Fiserv has grown into a worldwide organization with more than 16,000 clients in more than 60 countries, supported by nearly 22,000 employees. Fiserv supplies a vast array of software and services to the financial services community including core processing, payment processing, mortgage and auto loan solutions, as well as insurance offerings. In addition, Fiserv offers comprehensive health benefits processing services to employers. Through significant scale and market penetration, Fiserv has achieved record-breaking performance and is now officially recognized as the world's number one provider to the financial services community based on the FinTech 100.
"I noted last year what a significant accomplishment it was for Fiserv to achieve the number one ranking, but to win number one two years in a row is astounding," stated Michon Schenck, chief operating officer at Financial Insights. "Also remarkable about this year's win is the fact that Fiserv actually increased the gap between themselves and the number two ranked company. We attributed their terrific performance this year to their ongoing efforts and focus around organic growth - including developing integrated solutions through an extensive initiative using service oriented architecture - and a continuing focus on strategic acquisitions. Fiserv is clearly the giant in our industry that all other Fin Tech companies aspire to be."
To create the FinTech 100, Financial Insights and American Banker conducted an arduous primary and secondary research effort throughout the year, examining both vertical market providers as well as horizontal technology providers. Candidates were screened to type of offering, quality of revenue, and total percent penetration within the financial services industry. The full report was published on November 8, 2005 and is available to online subscribers on American Banker's and Financial Insights Web sites.
"We have been working hard since the very beginning of Fiserv to create a company with tightly integrated solutions that can generate strong, consistent growth - both internally and through acquisitions," said Norm Balthasar, Fiserv chief operating officer. "It's very rewarding to see those efforts recognized yet again in this prestigious ranking."
About American Banker
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. 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 SourceMedia'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 SourceMedia (www.sourcemedia.com), a leading provider of information, data, and software tools for professionals in the financial services and related technologies markets.
About SourceMedia
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. Its flagship publications, including American Banker, National Mortgage News, The Bond Buyer, and Accounting Today, have helped build SourceMedia's reputation as the pre-eminent information source in its respective markets.
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.
About Fiserv
Fiserv, Inc. (Nasdaq: FISV) provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv can be found on the Internet at www.fiserv.com.