Fiserv (Nasdaq: FISV), Inc., a leading global provider of information management solutions for the financial industry, has been ranked No. 1 in the American Banker and Financial Insights FinTech 100 for the second year in a row. The annual ranking, co-developed by Financial Insights and SourceMedia’s American Banker publication, ranks companies by annual revenues derived from technology services to the financial services industry.
Since its formation in 1984, Fiserv has grown into a worldwide organisation with more than 16,000 clients in more than 60 countries, supported by nearly 22,000 employees.Through significant scale and market penetration, Fiserv has achieved record-breaking performance and is now officially recognised as the world’s number one provider to the financial services community based on the FinTech 100. Fiserv supplies a vast array of software and services to the financial services community including core processing, payment processing, mortgage and auto loan solutions, as well as insurance offerings. In addition, Fiserv offers comprehensive health benefits processing services to employers.
"I noted last year what a significant accomplishment it was for Fiserv to achieve the number one ranking, but to win number one two years in a row is astounding," stated Michon Schenck, chief operating officer at Financial Insights. "Also remarkable about this year's win is the fact that Fiserv actually increased the gap between themselves and the number two ranked company.We attributed their terrific performance this year to their ongoing efforts and focus around organic growth – including developing integrated solutions through an extensive initiative using service oriented architecture – and a continuing focus on strategic acquisitions. Fiserv is clearly the giant in our industry that all other Fin Tech companies aspire to be.”
“We have been working hard since the very beginning of Fiserv to create a company with tightly integrated solutions that can generate strong, consistent growth – both internally and through acquisitions,” said Norm Balthasar, Fiserv chief operating officer. “It’s very rewarding to see those efforts recognized yet again in this prestigious ranking.”
To create the FinTech 100, Financial Insights and American Banker conducted an arduous primary and secondary research effort throughout the year, examining both vertical market providers as well as horizontal technology providers.Candidates were screened to type of offering, quality of revenue and total percent penetration within the financial services industry.The full report was published on November 8, 2005 and is available to online subscribers on American Banker's and Financial Insights web sites.
Both last year's and this year's report have had wide reaching market impact. The FinTech 100 is the world's only ranking of providers in the financial services industry.It was developed through careful evaluation of vertical technology companies that derived more than one-third of their total annual revenues from sales to financial services industry clients.
