Press Releases
SunGard Named a Top Solutions Provider to Financial Services Industry in FinTech Rankings
October 29, 2009 — Wayne, PA
SunGard has been named a preferred vendor to the financial services industry in the annual Financial Technology (FinTech) 100 Rankings, published by American Banker and Financial Insights, an IDC company. SunGard has consistently ranked in the top five since the inception of the award in 2003, placing second in this year’s overall rankings.
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 Financial Insights.
Brian Robins, SunGard’s chief marketing officer, said, “Despite the turbulence in the financial industry, our customers are more receptive than ever to new ideas. More organizations are beginning to view IT as the way to address the cost pressures they are facing. Our advice to our customers is: Think bigger and take advantage of this opportunity to redesign your business models. Make smarter use of existing technology investments. Reduce the number of things on your to-do list, rather than increasing them. Investing in information technology is the best use of capital in these hyper-competitive times.”
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 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 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.