WAYNE, Pa., Oct. 21 /PRNewswire/ -- SunGard has been named a preferred vendor to the financial services industry in the annual Financial Technology (FinTech) 100 Rankings, published by American Banker, Bank Technology News, and IDC Financial Insights. SunGard has consistently ranked in the top five since the inception of the award in 2003, placing second in this year's overall rankings and for the second consecutive year.
The FinTech 100 is a ranking of the top 100 global application/service providers in financial services. All application categories specific to banking functions are included in this list such as core processing, branch, teller, ATM, credit card, mortgage origination, online banking, collections, cash management, trade finance, treasury services and funds transfer. The ranking of the top vendors is categorized and evaluated based on calendar year revenue, and the percentage of revenues attributed exclusively to financial services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights.
Jim Ashton, division chief executive officer, Financial Systems at SunGard, said, "CIOs in every type of financial institution are challenged to help their firms grow their businesses while reducing costs and managing risks. We are collaborating closely with our customers around the world to help them improve efficiencies for cost reduction, expand their businesses by leveraging global networks, and achieve greater control over risk and data management with increased transparency across the enterprise."
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.
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