Infosys strengthens position in FinTech 100

BANGALORE: For the fourth consecutive year, Infosys Technologies Ltd on Wednesday announced that it has been named in the FinTech 100, an international annual listing of the top 100 global application and service providers.
    
These global application and service providers are the ones that derives more than one third of their revenue from the financial services industry.

Infosys ranked 14 on the annual list by American Banker and Financial Insights, up from 18 in 2006, the Bangalore-headquartered company said in a statement.

Ashok Vemuri, senior Vice President and head of Infosys Banking and Capital Markets Group said, "Our higher ranking this year is attributed to our concerted client-focused efforts to offer customised, process-driven solutions that enable financial institutions to maximise their revenues while ensuring compliance with increasingly demanding corporate and regulatory standards".
   
Every Autumn, SourceMedia's American Banker and research firm Financial Insights, an IDC company, publish this ranking, based on data gathered from vendor surveys and research and market analysis conducted by Financial Insights.