Fidelity Information Services Named #3 on FinTech 100 List of Top Financial Services Vendors
November 15, 2005
JACKSONVILLE, Fla., -- Fidelity Information Services (Fidelity), a division of Fidelity National Financial, Inc. (NYSE: FNF), announced that American Banker and the research firm Financial Insights have named Fidelity to the FinTech 100, an annual listing of top technology vendors.
"We are extremely pleased to have received this recognition," said Hugh Harris, president of Fidelity's Financial Services Technology Solutions division. "Fidelity's systems and supporting business processes are at the foundation of some of the world's most successful banks and financial services organizations. To be named to this elite group of organizations demonstrates our position as a leader in the industry."
Fidelity Information Services ranked third on the FinTech 100 list this year, up from 11th in 2004. Fidelity was the only new company in the top 10 in 2005. The ranking of vendors is categorized and evaluated based on fiscal year-end revenue and the percentage of revenues attributed to financial services. American Banker and Financial Insights publish a comprehensive ranking of the hardware, software and service providers within the financial services industry each year. Fidelity's new ranking reflects a growth in revenue based on acquisitions and a deeper penetration of the financial services market.
Fidelity's software processes nearly 50 percent of all U.S. residential mortgages. It has processing and technology relationships with 45 of the top 50 U.S. banks, 20 of the top 25 world banks and more than 2,800 small and mid-sized U.S. financial institutions; and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. In addition, Fidelity maintains a leadership position in the check imaging space through its strategic, nationwide network of more than 50 image-based item processing centers.
Source: Fidelity National Financial