Indian, companies, FinTech, 100, list

Financial Insights and American Banker come up with the list of top 100 Tech companies providing services to financial sector every year. The list is based upon the tech company’s exposure to the financial services sector. For a company to qualify more than a 3rd of the total revenues should come from the financial services sector.Based on the survey filled out by the respective companies and the research by FinTech the list of 100 is prepared.

6 Indian IT companies figured in the list of 100. TCS is the top Indian company in the list followed by Patni. FinTech has come up with the list of top 10 preferred vendors for Banking, Capital Markets and Insurance. TCS figured in all 3 lists. TCS is the most preferred vendor for Insurance sector. It is at number 3 for Capital Markets and at number 9 for Banking.

6 Indian IT companies in the list of FinTech 100:

6. Tata Consultancy Services

35. Patni Computer Systems

38. Polaris Software Lab

39. MPhasis

54. Firstsource Solutions

65. iGate Global Solutions

I know, Infosys is not in the list. Infosys has reduced its financial services exposure to less than a 3rd of its total revenues. 1/3rd is the cut-off point to figure in the list. This is a good news for Infy. It has increased its exposure to other sectors. Given the global scenario can we blame Infy?

I am not sure how this list should be taken.

Should we be wary of these companies as these companies have more exposure to financial services?

Or should we be sad that only 6 Indian companies are featured in the list, given the fact that India is the top IT destination?