Jack Henry & Associates, Inc.® (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, the company announced that it has ranked No. 13 on IDC Financial Insights’ 2020 IDC FinTech Rankings, the most comprehensive ranking in the financial services industry. This is the twelfth consecutive year that Jack Henry has been recognized among the leading 100 financial technology providers across the globe.
The annual IDC FinTech 100 Rankings determine top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and IT 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 exceed $577 billion (USD) by 2024.
Marc DeCastro, research director at IDC Financial Insights, stated, “Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients. The IDC FinTech Rankings is the global standard list of fintech providers to the industry, and we congratulate the 2020 winners.”
Jack Henry is committed to providing financial institutions of all sizes with the technology they need to compete in a modern, digital environment. The company partners with banks and credit unions to help them connect with customers and provide personal support when self-service reaches its limits.
David Foss, president and CEO of Jack Henry, said, “We are honored to once again be listed by IDC Financial Insights as a leading financial services technology provider. The organizations on this list represent a part of the financial ecosystem that are responsible for providing open infrastructure, driving partnerships and equipping financial institutions to scale as they expand into new markets. We take that charge very seriously at Jack Henry; the effect that our service and technology has on banks and credit unions impacts our nation’s economy and financial soundness.”
To view the complete list of 2020 IDC Rankings, click here. The IDC Financial Insights also publishes a comprehensive report about the year’s findings that is available to view or download here.