Company also takes home a Real Results Award in the Deposit Transformation category for its work on behalf of Primis Bank
BROOKFIELD, Wis.--(BUSINESS WIRE)--Sep. 11, 2023--
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, has landed the top spot on the 2023 IDC FinTech Top 100 Rankings in recognition of its delivery of innovation-driving technology to financial institutions. The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. Data is gathered from surveys completed by solution providers, as well as original research and market analysis conducted by IDC Financial Insights.
“Fiserv has reclaimed its status as the largest global provider of technology solutions to the financial services industry, earning the Number 1 ranking in the 2023 IDC FinTech Rankings program,” said Marc DeCastro, Research Director at IDC Financial Insights. “Fiserv continues to invest and modernize their extensive offerings to provide the industry with the solutions and services they need to remain competitive in a rapidly changing and competitive marketplace.”
The providers included in the IDC FinTech Rankings supply the technological backbone of the financial services industry, an industry in which IDC forecasts worldwide spending on IT across the globe will be over $800 billion (USD) by 2026.
“Fiserv is dedicated to enabling the success of our clients through technology, equipping them to innovate in an ever-evolving financial services landscape,” said Frank Bisignano, Chairman, President and Chief Executive Officer of Fiserv. “We’re honored to lead the 2023 IDC FinTech Top 100 and to be named a Real Results Award winner for our work on behalf of Primis Bank, recognitions that underscore the valued trust our clients place in us, and the ability of our talented workforce to execute and drive results on their behalf.”
In addition to topping the 2023 IDC FinTech Rankings, Fiserv was also named the winner of the IDC 2023 Real Results Awards in the Deposit Transformation category for its work on behalf of Primis Bank. These awards recognize IT providers that have enabled a genuine, measurable and future-enabling change at a client financial institution. Primis Bank utilized the Finxact next-gen core platform from Fiserv to create a mobile-first digital experience that allowed them to gather nearly $1 billion in deposits in six weeks.
In a world that is moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.
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Source: Fiserv, Inc.