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Oct 2015 - Business Strategy - Doc # FI259366

Business Strategy: 2015 FinTech Rankings — Measuring the Health and Direction of IT Spending in Global Financial Services

Authors: Karen Massey, Jerry Silva
Abstract

This IDC Financial Insights report presents the findings of the 2015 IDC Financial Insights FinTech Rankings. Every year, IDC Financial Insights undertakes the FinTech Rankings analysis of the top technology providers to the financial services industry globally. The 2015 FinTech Rankings is showing us that this is a dynamic market, even among the technology giants that dominate the rankings from year to year. 2014 revenue for IT vendors is a story of small and large companies — with the largest technology companies in the world experiencing revenue declines and the smaller vendors gaining significant market share. "For the largest enterprise technologies in the world, 2014 saw a significant decrease in revenue from the financial services industry," said Jerry Silva, Global Retail Banking research director for IDC Financial Insights. "At the same time, $107 billion worldwide was earned by companies under $37 million in revenue."

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