Computer Services, Inc. (CSI) (OTCQX:CSVI), a provider of end-to-end financial technology solutions, has been named by IDC Financial Insights to its 2020 IDC FinTech Rankings—an annual listing of the 100 largest global financial technology providers. This is CSI’s ninth consecutive year to make the list.
The industry ranking evaluates and categorizes the top global fintech providers based on calendar year revenues earned from financial institutions for hardware, software or services. According to IDC Financial Insights, worldwide IT spending in the financial services industry is projected to exceed $577 billion (USD) by 2024, and the providers included in the yearly ranking supply the technological backbone for the industry.
A leading technology provider for financial institutions across the country, CSI appears 60th on the list of financial technology companies that were evaluated based on their global revenues. During its past fiscal year, CSI focused on providing financial institutions and their customers an enhanced digital experience through its full suite of integrated core bank processing, digital banking, payment services, IT infrastructure, cybersecurity, regulatory and digital document delivery solutions.
“Being named as one of the top global technology providers by the IDC FinTech Rankings for the ninth consecutive year demonstrates CSI’s commitment to delivering forward-thinking technology that drives our customers’ success,” said Steve Powless, CSI’s chairman and CEO. “To meet the demands of our rapidly changing industry, we continue to empower our customers by providing competitive technology that creates seamless experiences for today’s digital-first consumers.”
The company’s annual presence on the IDC FinTech Rankings, which have become a trusted measure of the health and direction of technology in the industry, also proves CSI’s dedication to the financial services sector. The rankings serve as a guide for financial institutions to use while navigating the changing industry landscape and evaluating third-party solutions.
“IDC is honored to recognize the technology providers that appear on the 17th annual FinTech Rankings, said Marc DeCastro, 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.”
IDC Financial Insights published a comprehensive report about the year's findings that is available to view or download: https://www.idc.com/