SANTA CLARA, Calif.--(BUSINESS WIRE)--Tavant, a Silicon Valley-based provider of industry-leading digital lending technologies, announced today that it was named a 2023 IDC FinTech Rankings Top 100 solution provider. This is the fifth consecutive year Tavant has been named to the financial industry's most comprehensive vendor ranking.
“IDC has been producing the IDC FinTech Rankings for twenty years and have expanded the program to now include the top 150 solutions providers to ensure we get the most accurate representation of the largest FinTechs in the world,” said Marc DeCastro, research director at IDC. “The technology companies on this list provide the innovation necessary to keep the financial services at the forefront of providing modern digital experiences across all aspects of a customer’s financial journey.”
The 20th Annual IDC FinTech Rankings categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights. Two sets of rankings emerge from this process: IDC FinTech Rankings Top 100 and Enterprise Top 50.
The 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 in which IDC forecasts worldwide spending on IT across the globe to be over $800 billion (USD) by 2026.
Hassan Rashid, CRO at Tavant, said, “IDC Financial Insights is a recognized thought leader in our industry, and we are honored to be included in its annual fintech ranking. Tavant’s vision from day one has been focused on providing unparalleled solutions to meet the business goals of our customers. We have achieved this through consistently focusing on our people, the passion we bring to the partnerships, and all-round excellence in everything we undertake.”
To thrive in a digital economy, financial services organizations must embrace innovation and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. Tavant and the enterprises featured on the IDC FinTech Rankings Enterprise Top 100 represent those organizations committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world. IDC Financial Insights publishes a comprehensive report about the year's findings, which is available to view or download at http://www.idc-fi.com.
As a leading Fintech software and solutions provider for more than 20 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Rapidly gaining market share, Tavant’s expanding customer base originates one out of every three mortgage loans in the United States. Tavant's Touchless Lending® product suite maximizes data-driven decision-making to solve even the most complex lender and borrower challenges.
Headquartered in Santa Clara, Calif., Tavant is a digital products and solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 3000 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and improving collaboration.