Finastra recognized as a global fintech leader for third year running by multiple analyst firms
New York, NY, US - July 6, 2020 – Finastra has topped the IBS Intelligence Sales League Table as the overall global leader based on product breadth and geographic coverage. This is the third consecutive year the firm was recognized in IBS’s benchmarking report on the sales performance of banking technology suppliers. The report also recognized Finastra as the leader in several other categories, including Domestic Leader, USA and Global Leader, Geographic Spread.
A separate report, Forrester’s Global Platform Deals Survey 2020 by, Jost Hoppermann, VP and Principal Analyst, recognized Finastra in their survey of 35 global banking platforms, accrediting Finastra as a “Top Global Player” for new and extended deals.
The IBSI SLT 2020 includes systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC. The number of deals evaluated were 70% more than last year, reported across 150 countries globally. Finastra received top honors in the following categories:
- Leader (Rank 1) in USA (Domestic supplier)
- Leader (Rank 1) Global Leader Product Breadth
- Leadership position in Geographic Spread
- Leadership position in Transaction Banking
- Leadership position in Pure-Play Digital Only Bank
The Forrester research saw Finastra sign 296 combined deals in 2019 – 119 more combined deals than signed by the nearest competitor. According to Forrester, these combined deals represent a vendor's ability to enhance its market position and to continue creating value for its existing customers.
“This recognition from two highly respected research houses affirms what we at Finastra have long known to be true,” said Eric Duffaut, President and Global Head of Field and Marketing at Finastra. “Through deep commitment to our customers, an unwavering focus on innovation, and by offering the broadest and deepest portfolio of best-of-suite financial solutions available in the market, Finastra has come to be a beacon to financial institutions across the globe, supporting these organizations to provide their customers with the best possible experience.”
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Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.
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