The ranking reflects Pactera’s leading role in transformation of Financial Markets Technology Solutions
BEIJING, November 16, 2017 /PRNewswire/ – Pactera Technology International Ltd. (“Pactera” or the “Company”) a global digital and IT services provider strategically headquartered in China, today announced its ranking has jumped four notches the past two years to 55th place in the 2017 IDC Financial Insights FinTech Top 100 Rankings, the most comprehensive vendor ranking within the financial services and insurance industry. The annual IDC FinTech Rankings is based on 2016 calendar year revenues attributed to financial institutions.
Now in its 14th year, IDC Financial rankings categorize and evaluate global technology providers based on hardware, software, and/or services. These providers supply the technological backbone of 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 2018 while disruptive technologies including cognitive, robotic process automation, and blockchain are expected to be in use at 50% of banks worldwide by 2020, accelerating digital transformation by 30%.
Pactera’s solution portfolio focuses on business outcomes and value by streamlining new product launches, simplifying digital distribution channels and modernizing core systems in several important sub-segments of the global financial services and insurance industries. IDC’s ongoing recognition of Pactera as a Top 100 IT service provider underscores the company’s strength in the banking, financial services and insurance (BFSI) industry, as well as market confidence in Pactera’s services, solutions and delivery quality.
“The financial industry is undergoing unprecedented transformation driven by compulsory adoption of rapidly evolving FinTech technologies,” commented Tiak Koon Loh, Pactera CEO. “With strong vertical solutions and capabilities enhanced by our leading digital engagement services offering, we will continue to provide top value for our BFSI industry clients and business partners along their digital transformation journey.”
The annual IDC Financial Insights FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC Financial Insights FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning and to review whenever they consider new investments in 3rd party solutions.
Pactera is a leading Digital Services Provider focused on customer facing and enterprise solutions. With over 25,000 employees in over 17 global locations, Pactera is focused on growing Fortune 500 companies with Strategic Digital Consulting, Customized Design and Experience, Integrated Marketing, Data Science & Advanced Analytics, Continuous Delivery, Security and Product and Service Innovation Strategies.