SAN DIEGO–(BUSINESS WIRE)–Teradata (NYSE: TDC) announced today that it has ranked #30 in the 2022 IDC FinTech rankings, moving up seven spots from last year’s ranking. This annual vendor ranking represents the leading hardware, software and technology service providers to the financial services industry. Vendors are ranked based on 2021 calendar year revenue attributable to financial services and FinTech industries. This is the 3rdrd year in a row, Teradata has been named to the list, underscoring the company’s ongoing commitment to helping financial institutions execute their digital transformation initiatives by leveraging the full power of data analytics.
IDC Financial Insights publishes a comprehensive report on this year’s findings that is available to view or download from
“In today’s macroeconomic climate, a new approach to data and analytics is essential as businesses across the financial sector grapple with global regulations and compliance efforts, increasing security concerns and a shift from providing generalized products to tailored services, says Jacqueline Woods, Chief Marketing Officer. Officer at Teradata. “The future of financial services is built on data-driven capabilities that enable one-to-one financial experiences; The IDC FinTech Rankings recognize Teradata’s critical role in helping the industry achieve this future through rapid digital transformation, driven by analytical insights.”
The Fortune 500-style ranking categorizes and evaluates the top global financial technology providers based on calendar year 2021 revenue and the percentage of that revenue attributable solely to financial institutions, including banks, capital markets firms and insurance companies or directly to providers of fintech solutions for hardware, software and/or services. These vendors provide the technological backbone of the financial services industry, an industry where IDC estimates worldwide IT spending will reach $590 billion (USD) by 2025.
With 15 of the top 20 global banks as customers, Teradata’s strong and growing presence in the financial sector will be bolstered by the recent launches of Teradata VantageCloud Lake, its first product based on an all-new, next-generation cloud-based architecture, and ClearScape Analytics, the company’s significant extended, industry-leading in-database analytics.
With the introduction of Teradata VantageCloud Lake, financial services organizations will have a greater ability to innovate by rapidly gathering ad hoc, exploratory and departmental analysis workloads, allowing them to be more agile and experimental without giving up the governance and cost controls they depend on Teradata. And with ClearScape Analytics, financial services customers can quickly activate vast amounts of data to solve complex business challenges and create an environment designed for new AI/ML applications. These data-driven applications will become increasingly critical for forecasting, auditing, anomaly detection and experimentation.
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