labels: Tata Consultancy Services, Infosys Technologies, IT news
TCS, Infosys ranked among world`s top-20 financial tchnology firms; I-flex, Patni Fintech among top 100 news
15 November 2007
Mumbai: Four Indian companies, including technology giants Tata Consultancy Services and Infosys Technologies, are among the world`s 100 biggest technology providers, according to a survey of global financial services industry.

Tata Consultancy Services is also the first Indian company to be named among the top 10 in the annual Fintech 100 list of financial industry technology vendors.

Besides TCS and Infosys, I-flex solutions and Patni computer services have also been named in the list that is topped by Fidelity Information Services of the US.

TCS moved up three positions from 13th last year to be ranked as 10th biggest technology vendor in 2007. Infosys also moved up four positions to 14th this year. It had been ranked at 18th position in 2006 and 28th in 2005.

I-flex and Patni have been ranked at 30th and 45th positions respectively in the Fintech 100 list.

TCS is the only second non-US firm in the top ten, besides the UK-based Reuters (8th) in the list.

Other companies in the top ten include Fiserve (2nd), NCR (3rd), Diebold (4th), Sungard (5th), Unisys (6th), Broadridge Financial Solutions (7th) and First Data Corp (9th).

The annual ranking is published by American Banker, a banking and financial services daily, and Financial Insights, a unit of global independent technology advisory firm IDC.

Wipro which was named in the list last year, is at the 22nd position this year.


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TCS, Infosys ranked among world`s top-20 financial tchnology firms; I-flex, Patni Fintech among top 100