IDC Financial Insights has once again included CREALOGIX in its ranking of the hundred most important fintech companies worldwide, in which the software provider for digital banking climbed from 78th to 70th place. This new position is due to the CREALOGIX’s sustained growth; for the first time in the company’s history, the 2018/2019 financial year saw the firm exceed the CHF 100 million revenue threshold.
In the 16th edition of IDC’s Top 100 Fintech Ranking, a list that ranks one global technology providers that generate at least one third of their turnover with financial institutions, CREALOGIX is ranked 70th. As a result, the company moved up by eight places when compared with the previous edition of the report. With revenues of CHF 101.9 million, which equate to a growth of 17%, CREALOGIX surpassed the CHF 100 million mark, and SaaS (Software as a Service) revenues doubled within one year. Thomas Avedik, Chief Executive Officer at CREALOGIX explains the success:
"We are accelerating our transition to implementing sustainable licensing models such as SaaS. Our revenue results, coupled with our move upwards in IDC’s Top 100 Fintech leaderboard confirm that we are on the right track with this strategy - and that it is delivering results.Being named in the IDC FinTech Rankings is a significant accomplishment, and it demonstrates a vendor’s commitment to the success of its financial institution clients.”
Marc DeCastro, research director at IDC Financial Insights, says:
“Now in its 16th year, the IDC Fintech Ranking list is the global standard for fintech providers to the industry, and we congratulate all of the 2019 winners.”
A summary of the results of the IDC Fintech Ranking is available for download here.
