Black Knight, Inc., a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle, was listed as one of the top 25 fintechs in the world in the 2017 IDC Fintech Rankings. Compiled by IDC Financial Insights, the annual list seeks to recognize the world’s leading financial technology providers, based on 2016 calendar year revenues attributed to financial institutions, according to a press release.
“Financial services companies face enormous challenges to grow their businesses, while reducing costs, supporting regulatory compliance and keeping up with rapidly changing consumer demands, including increased access via digital and mobile channels,” Black Knight CEO Tom Sanzone said in the release. “We are proud to once again be named to the IDC Fintech Rankings, which further illustrates our commitment to providing the innovative capabilities and superior support our clients need to overcome these challenges and achieve further success.”
Now in its 14th year, the IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018.
IDC’s annual FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. It also serves as a valuable resource for financial services institutions to use during strategic planning and when considering new investments in third-party solutions.