Solifi, a financial technology software partner for the secured finance industry, was named among the top 100 on the International Data Corporation’s 2023 FinTech Rankings. Now in its 20^th year, this annual vendor ranking program recognizes the world’s top 100 hardware, software and service providers to the financial services industry. Solifi has earned a spot on the ranking in three straight years.

“We are honored to once again be recognized by IDC as one of the world’s top 100 financial technology providers,” David Hamilton, CEO of Solifi, said. “Our Open Finance Platform has been selected by many financial institutions around the world for its ability to support growth, rapid innovation, operating efficiency and regulatory compliance. We are committed to working with our valued customers to continuously enhance our portfolio of innovative technology solutions for secured finance firms, including banks, non-banks and credit unions.”

IDC’s Fortune 500-style ranking categorizes and evaluates 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 for which IDC forecasts worldwide spending on IT across the globe to be more than $800 billion by 2026.

“At IDC we continue to recognize the importance the technology providers have on helping the global financial services industry meet their client’s needs,” Marc DeCastro, research director at IDC, said. “We have expanded the program to recognize the top 150 solution providers to ensure that we get the most accurate representation possible and to provide financial service technology buyers a go-to list of the largest FinTech’s in the world.”