The IDC FinTech Rankings, the most comprehensive classification of technology suppliers for the financial sector, once again cite CRIF for the seventh year running
Bologna, October 2, 2019 – CRIF – a global company specializing in credit bureau, business information, and credit solutions – was cited in the prestigious IDC rankings for the seventh year running, classified in 50th place on an international level.
Now in its sixteenth edition, the IDC FinTech Rankings assess the main global technology suppliers for the financial sector based on revenues achieved in the previous calendar year in relation to hardware, software, and services.
Specifically, the companies classified in the rankings provide the technological backbone to the service industry for financial operators, a sector where, according to IDC Financial Insights, global IT expenditure will reach 540 billion dollars by 2022.
On the other hand, to compete in an increasingly digital economy, credit institutions need to prioritize innovation through the timely and effective integration of state-of-the-art technology in order to improve the end-customer experience and achieve operational efficiency. CRIF, like the other companies at the top of the IDC FinTech Rankings, represents excellence among the companies that work with great determination to give solid support to financial institutions for their digital transformation initiatives.
“CRIF has always adopted a farsighted approach as well as a highly innovative model, which recognizes the factors characterizing successful players, who are ready for the challenges that the banking and financial sector must soon face. On the other hand, the continuous and fast development of the context we operate in is a strong stimulus for the development of increasingly performing value-added solutions, which CRIF develops through its Intelligent Network Services Platform (INSP), based on a distinctive mix of knowledge, information and technology, incorporated into a service offering recognized by clients on a global level”, commented Carlo Gherardi, CRIF CEO. “Being ranked again this year in the prestigious IDC FinTech Rankings isn’t just a source of pride for the more than 4,400 committed professionals working in CRIF, but above all, it represents further recognition of the quality of our solutions and our continuous commitment to supporting clients along their growth path”.
In a complex scenario like today’s, influenced by drivers destined to play an increasingly significant role, such as digital transformation and regulatory developments, CRIF’s aim is to help credit institutions improve customer involvement through an ever simpler and faster customer journey and experience, as well as to efficiently and effectively manage risks and reduce costs while maintaining full regulatory compliance.
“Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients”, stated Marc DeCastro, Research Director at IDC Financial Insights. “The IDC FinTech Rankings, now in its 16th year, is the global standard list of FinTech providers to the industry, and we congratulate the 2019 winners”.