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IBM, Microsoft, Others in 2014 FinTech Top 100 & Top 25 Enterprise Ranking

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IDC Financial Insights on Tuesday, announced the final 2014 FinTech rankings for top 100 and top 25 Enterprise, Nigeria CommunicationsWeek can report.  

For more than a decade, IDC Financial Insights has evaluated the revenues of the leading global technology and service providers to the financial services industry in order to construct The FinTech Rankings.

The most comprehensive global vendor ranking within the financial services industry, the annual FinTech Ranking is based on calendar year-end revenues and the percentage of revenues attributed to financial services.  

New this year, IDC Financial Insights has teamed up with leading publication Bank Systems & Technology to offer a series of articles that discuss the FinTech Rankings and significant trends impacting the market this year.

Over the course of the next three months, IDC Financial Insights analysts will provide expert commentary based on the results, to add color and context to the rankings and encourage a closer look at the premier companies featured. 

“We are thrilled to announce the 2014 FinTech Rankings, our eleventh year of compiling and analyzing financial performance to present the who’s who in financial services technology globally,” said Karen Massey, senior analyst, IDC Financial Insights.

According to Massey, “The financial services industry is continually under pressure for improved customer experience, financial performance, and efficient risk management and compliance. The FinTech Rankings showcase those providers that are effectively and successfully meeting the needs of their institution clients.”

The 2014 FinTech Rankings Top 10 include, FIS, Tata Consultancy Services Ltd,  Fiserv, Cognisant Technology Solutions, NCR Corp, Infosys Ltd, Diebold, SunGard Data Systems, Nomura Research Institute Ltd Wincor Nixdorf.

While the 2014 FinTech Rankings Top 5 Enterprise are IBM, Hewett-Packard, Dell, Microsoft and Accenture‎.


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Study Reveals Software Programmers to make Full Use of AI Code Assistants

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Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.

According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.

AI code assistants provide for more capabilities than only code development and completion, notes the research firm.

According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.

Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.

“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”

Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.

Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”

 


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New National ID Card to Be Issued Via Banks- NIMC

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National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.

New National ID Card to Be Issued Via Banks- NIMC

NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.

“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.

KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD

  1. The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
  2. The single GMPC has multiple use cases:…

— NIMC (@nimc_ng) April 12, 2024

It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.

“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.


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NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

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National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.

NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.

NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme

Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.

“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.

“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.

“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.

“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.

“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.

 

 

 

 

 

 

 


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