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Infosys strengthens position in FinTech 100
Bangalore,
Nov
29:
Infosys
Technologies
(NASDAQ:
INFY),
a
world
leader
in
consulting
and
information
technology
services,
today
announced
that
for
the
fourth
consecutive
year
it
has
been
named
to
the
FinTech
100,
an
international
annual
listing
of
the
top
100
global
application
and
service
providers
that
derive
more
than
one
third
of
their
revenue
from
the
financial
services
industry.
Infosys ranked 14 on the annual list by American Banker and Financial Insights, up from 18 in 2006.
Infosys and its banking and capital markets organization (BCM) continue to exemplify leadership in providing services and solutions to the global financial services industry. As its customer base grows, Infosys BCM continues to offer targeted solutions, helping companies increase their operational efficiency and enable effective customer management, while minimizing operational risk. The group has received multiple accolades from its global financial services customers.
"We are honored on being recognized by the FinTech 100 once again," said Ashok Vemuri, senior vice president and head of Infosys Banking and Capital Markets Group. “Our higher ranking this year is attributed to our concerted client-focused efforts to offer customized, process-driven solutions that enable financial institutions to maximize their revenues while ensuring compliance with increasingly demanding corporate and regulatory standards."
"We have seen the continued growth and acknowledge that Infosys is one of the rising vendors, said Jeanne Capachin, vice president, Global Banking and Insurance, Financial Insights. Infosys has us impressed with its rapid rise through the rankings. It was 28th in the 2005 ranking, 18th in 2006 and has risen to 14 in 2007 - a sure indicator of growing client preference, adds Capachin."
Each fall, SourceMedia"s American Banker and research firm Financial Insights, an IDC company, publish this comprehensive ranking, based on data gathered from vendor surveys and original research and market analysis conducted by Financial Insights.
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