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 been ranked no. 14 on the IDC Financial Insights’ 2018 IDC FinTech Ranking, the most comprehensive vendor ranking in the financial services industry. This marks the tenth consecutive year that the company has been acknowledged among the top 100 financial technology providers worldwide.
The IDC FinTech 100 Rankings evaluates and categorizes the top global providers of hardware, software and IT services to financial institutions. The rankings are based on calendar year revenues and the percentage of revenues exclusively attributed to financial institutions. The organizations acknowledged provide critical technology solutions for the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2020.
“A place on the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” states Karen Massey, Research Manager at IDC Financial Insights. “The IDC Fintech Rankings, now in its 15th year, is the global industry standard register of financial services tech providers, and we congratulate the 2018 winners.”
In today’s financial services environment, financial service organizations are increasingly challenged to do more with less resources. Jack Henry & Associates delivers technology solutions that enable financial institutions to better meet consumers’ increasingly high expectations while streamlining processes and boosting internal efficiencies. The IDC Financial Insights FinTech Rankings serve as a critical tool for financial services institutions to leverage when strategically considering new investments in third-party technology.
David Foss, president and CEO of Jack Henry & Associates, added, “For the past decade, we have had the honor of being considered a top technology provider in the financial services space by IDC Financial Insights. This consistent recognition is a direct result of our dedication to providing advanced solutions that not only meet financial institutions’ current needs, but also offer the flexible framework and modern technology required for future success.”
To view the 2018 IDC Fintech Rankings in its entirety, click here.