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IBM, Accenture & Cisco Top 2017 IDC FI FinTech Rankings Enterprise

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IDC Financial Insights has announced the 2017 IDC FinTech Rankings and Real Results, the 14th and 3rd annual respectively with IBM, Accenture; Cisco Systems, Inc. occupying the top three enterprise ranking.

The annual IDC FinTech Rankings evaluate global technology providers of hardware, software, and IT services.

This analysis of revenues derived from the financial services industry creates meaningful rankings and puts the information in the context of industry trends that affect both the institutions that buy technology and the companies that provide IT solutions to the industry. The IDC FinTech Rankings Real Results case study format entries are evaluated by a panel of financial services executives and IDC Financial Insights analysts globally and awarded to the companies that demonstrate innovation and results at a financial institution client.

IDC Financial Insights will formally announce the final rankings at an invitation-only reception on the first night of the 2017 FinovateFall Conference at the New York Hilton Midtown. Finovate is the only conference series focused exclusively on showcasing the best and most innovative new financial and banking technologies.

“We are honored to be at the top of this prestigious global rankings as it validates our focused strategy and the investments we continue to make in innovative new solutions that solve critical problems for financial institutions around the world,” said FIS President and Chief Executive Officer Gary Norcross.

IDC Financial Insights’ unmatched breadth and depth of industry expertise in global financial services, coupled with more than a decade of compiling the IDC FinTech Rankings, is what differentiates the IDC FinTech Rankings program.

This keen insight helps the team at IDC Financial Insights offer client institutions – banks, capital market firms, and insurance companies – with the insight needed to drive strategic IT investment decisions.

“We are thrilled to announce the 2017 IDC FinTech Rankings and Real Results, and congratulate the global financial services technology leaders exemplified,” said Karen Massey, senior analyst, IDC Financial Insights. “The financial services industry is currently faced with a disruptive landscape and changing consumer behaviors. The IDC FinTech Rankings represent those IT providers that have demonstrated success and are poised to take their financial institution clients to the next level of innovation and transformation.”

The 2017 IDC FI FinTech Rankings Top 10 include FIS, Tata Consultancy Services, Fiserv, Inc., Cognizant Technology Solutions, NTT DATA. Diebold Nixdorf, Infosys, Limited, NCR Corporation, Total System Services, Inc. (TSYS) and Nomura Research Institute, Ltd.

Also, the 2017 IDC Fintech Rankings Real Results Overall Winner as announced is GFT Technologies.

 

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Business

NITDA to Blacklist MDAs not Running Website on .gov.ng

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National Information Technology Development Agency (NITDA) has said any government agency or ministry not running its website on Nigerian domain name, .gov.ng, will be blacklisted.

 

Dr Ali Isa Ibrahim Pantami, NITDA director general in a statement made available in Abuja, added that most of the agencies still run their websites on generic top level domain (gTLD).

 

According to Dr Pantami, NITDA has observed the disregard to the use of .gov.ng domain in transaction of government business despite previous warning.

 

The DG said the agency would henceforth ensure strict compliance stressing that government business transactions should be carried out in the country’s code top level domain of the Nigerian government (ccTLD.ng)

 

However, for easy compliance, he said NITDA would henceforth approve request for .gov.ng within 24 hours, with the provision of special purpose phone numbers coupled with regular evaluation of agencies sites.

 

He said: “Furthermore, .gov.ng domain names are free with no rental or renewal cost attached. We therefore call on all MDAs and service providers to support government on the scale on the scale of ease of doing business.” (Daily Trust)

 

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Swift Networks Launches Customised ICT Solutions for SMEs

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Swift Networks Limited, Nigeria’s leading broadband services provider has launched a suite of information and communications technology products customized to support Nigerian SMEs.

 

These bundled solutions will reduce cost and give small businesses better control of their operations to drive efficiencies and growth.

 

To operate under the sub-brand of SWIFT SMARTBusiness Kit,these all-in-one service bundles will consist of all the office and home connectivity, hosting and bespoke business software solutions available to small businesses in the market today.

 

“SWIFT SMARTBusiness Kit continues in SWIFT’s tradition of demystifying and simplifying technology to help unlock Nigeria’s abundant potentials so that people can achieve more in their daily undertakings”, enthused Mr. Charles Anudu, managing director of SWIFT.

 

“SWIFT SMARTBusiness Kit is user friendly and will resolve the problem of small businesses dealing with multiple vendors who often present them with conflicting solutions that are not future-proof. With our solution, SMEs will obtain all their ICT solutions from a single trusted service provider with probably the industry’s best of customer care team on one monthly bill”, according to Mr. Chukwuma Okoye, chief operating officer of SWIFT.

 

“And because we are sure that our target small businesses will like this solution, SWIFT SMARTBusiness kit will come with a 30-day money back guarantee with no questions asked if the customer is not satisfied with the solution.”

 

He further added that “for the early birds, we shall throw in a free home internet access for the business for as long as the subscription is current.”

 

A sample SWIFT Business Kit solution will consist of office (and free home) internet, web and e-mail hosting, attractive business and international travel voice call rates, a la carte business software modules for sales, accounting, customer relationship management, inventory management and human resource management.

 

A customer can start with a basic plan and either add or drop modules as the business evolves. This is because our solutions basket are well aligned and future-proof.

 

SWIFT SMART Business Kit is specially targeted at businesses in the professional services, eCommerce, traditional retail, educational, healthcare, hospitality and cottage industries.

 

The services will be distributed directly through SWIFT’s customer centres as well as those of its online and off-line channel partners. It will also be supported by a professional field sales team from SWIFT.

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Gates Foundation Open-source Tool Enables Digital Payment Interoperability

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The new Mojaloop software, sponsored by the Bill and Melinda Gates Foundation, is available, free-of-cost, for software developers to adapt and banks, financial service providers and companies to implement.

Mojaloop is said to be the first model that can help extend interoperability from mobile money providers to any bank, merchant or government institution in a way that specifically meets the needs of the poor. It reduces the complexity and cost of building all-inclusive payment platforms.

Kosta Peric, deputy director, Financial Services for the Poor at the Gates Foundation, says just as the Internet revolutionised digital communication, open source solutions like Mojaloop can spark innovation, democratise access to digital payments, empower billions of new customers, and drive massive economic growth in developing markets.

“Interoperability of digital payments has been the toughest hurdle for the financial services industry to overcome. With Mojaloop, our technology partners have finally achieved a solution that can apply to any service, and we invite banks and the payment industry to explore and test this tool,” Peric adds.

Mojaloop (from the Swahili word ‘moja’ which means ‘one’) was created by the Gates Foundation’s Level One Project, which aims to build inclusive payment models to benefit the world’s poor.

It was created in partnership with fintech developers Ripple, Dwolla, ModusBox, Crosslake Technologies and Software Group, using technology such as the Interledger Protocol, a solution for settling funds among multiple providers across their individual systems.

The Mojaloop development project also brought together four mobile systems companies – Ericsson, Huawei, Telepin, and Mahindra Comviva – to develop an Open API for mobile money interoperability. These APIs will allow mobile money providers to integrate seamlessly with Mojaloop and products built from it.

It was designed to ultimately serve as a model for national payment switching systems that, for example, enable an individual’s digital wallet to connect with an employer’s bank account and her children’s school account to complete monthly transactions.

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