The ranking reflects Pactera's growing role in the digitalization of Global Financial Markets
BEIJING, Sept. 28, 2018 /PRNewswire/ -- Pactera Technology International Ltd. ("Pactera" or the "Company"), a digital technology and IT services provider, today announced the Company ranked number 49 in the 2018 IDC Financial Insights FinTech Top 100 Rankings, the most comprehensive global vendor ranking within the financial services and insurance industry. The annual IDC FinTech Ranking is based on 2017 calendar year revenues attributed to financial institutions.
Now in its 15th year, IDC Financial rankings categorize and evaluate global technology providers based on 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 2021 while disruptive technologies including cognitive, robotic process automation, and blockchain are expected to be in use at 50% of banks worldwide by 2020.
"IDC is honored to recognize the technology providers that appear on the 15th annual FinTech Rankings," said Jerry Silva, Global Banking Research Director at IDC Financial Insights. "These are the companies that have shown commitment to the financial services institutions and their appearance on the list is a testament to that dedication."
"We are pleased to be recognized by IDC as a Top 50 global Fintech provider. This achievement, combined with the recent IDC recognition of our number one position in the China financial technology solutions market, demonstrates the diverse strength of our vertical solutions and digital service capabilities," commented Tiak Koon Loh, Pactera CEO. "We will continue to provide top value for our BFSI industry clients and business partners along their digital transformation journey."
The annual IDC Financial Insights 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 Financial Insights FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning and to review whenever they consider new investments in 3rd party solutions.
Pactera is a Global IT Services company with over 30,000 employees worldwide committed to delivering Digital-themed consulting, UX interaction, IT implementation and Operations services to customers. Pactera creates business value for Global 2000 companies by accelerating business innovation, enabling new growth, improving operational efficiency and transforming the user experience.
Visit Pactera at www.pactera.com.