NEW YORK & LONDON & HONG KONG–(BUSINESS WIRE)–Today, Enfusion (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-based SaaS solutions for investment managers, announced that it has ranked #78 on the 2022 IDC FinTech Rankings. The 19thth annual vendor rankings represent the leading hardware, software and service providers to the global financial services industry. The ranking is based on the 2021 calendar year revenues attributed to financial services and FinTech industries.
“We are extremely proud to move up the list and honored to be recognized as a leading software and services provider in the financial services industry,” said Oleg Movchan, Interim CEO. “As global asset managers and owners continue to reassess their operational and client-facing capabilities, evaluate cost structures and navigate their digital transformation initiatives, Enfusion reinforces its ongoing commitment to simplify and streamline investment management operations under a single, cloud-based unified technology platform and deliver a superior client experience. This recognition is a testament to the product-forward leadership, technology innovation and dedication of the entire Enfusion team.”
The Fortune 500-style ranking categorizes and evaluates the top global financial technology providers based on calendar year revenue from financial institutions for hardware, software and/or services. These vendors provide the technological backbone of the financial services industry, an industry that IDC estimates will see worldwide IT spending total $590 billion (USD) by 2025.
To thrive in a digital economy, financial services organizations must embrace innovation and integrate technology effectively to improve customer experience and achieve operational excellence. Enfusion and the vendors featured in the IDC FinTech rankings represent those vendors committed to helping financial institutions execute their digital transformation initiatives to improve their customers worldwide.
Enfusion is a full front-to-back office platform that natively supports the investment management workflows of a variety of personas and their distinct use of the system across different points in the trading lifecycle. Over the past year, the company has improved its skillset around fixed income workflows and begun to release a growing set of capabilities to support the workflows of traditional asset managers.
“IDC is honored to recognize the technology vendors appearing on the 19thth annual IDC FinTech rankings,” said Marc DeCastro, director of research at IDC Financial Insights. “These are the companies that have demonstrated commitment to the financial services industry, and their appearance on the list is a testament to that dedication.”
This is the second year Enfusion has appeared on the list, having ranked #86 last year. To view the full list, please visit www.idc-fi.com.
About IDC Financial Insights
IDC Financial Insights helps financial services companies and IT leaders, as well as the vendors that serve them, make more effective technology decisions by providing accurate, timely and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance and securities and investment industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology media, data and marketing services company. For more information, please visit www.idc.com/financial, email [email protected], or call 508-620-5533.
About Enfusion
Enfusion’s software-as-a-service platform for investment management removes traditional information boundaries, unifying front, middle and back office teams on one cloud-based system. Through its software, analytics and middle/back office managed services, Enfusion creates enterprise-wide cultures with real-time, data-driven intelligence, increases agility and drives growth. Enfusion works with nearly 800 investment managers from 10 global offices spanning four continents.
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