IDC Financial Insights relied on many sources to gather the data used in the FinTech 100 and Enterprise 25 rankings.
The research firm, along with American Banker, Bank Technology News and William Mills Agency, requested financial information from several thousand technology companies globally. Publicly available resources such as Hoovers, Edgar, company filings, and company Web sites were used to validate and augment data. IDC Financial Insights also used proprietary research, previously published reports, internal research under way, and IDC resources.
IDC Financial Insights determined eligible revenue. To be included, revenues must originate from software, hardware and IT services sold to financial institutions. Not included are revenues from any network, telecommunications, electronic exchanges, or data service (e.g., market/credit) providers. For vendors that provide qualifying services and solutions in addition to nonqualifying ones, we used just the qualifying portion of their revenue as the basis for our rankings. This is why vendors appear on the FinTech 100 list with revenues below 33%.
Companies on the FinTech 100 list are financial services technology providers that derive more than one-third of their total global revenue from the financial services industry. Enterprise 25 companies are horizontal technology firms that derive less than one-third of their revenues from financial institutions.
IDC Financial Insights and American Banker made a concerted effort to include all possible candidates for the rankings.
Some companies in qualifying industries that submitted forms did not make the rankings because of insufficient revenue or inability to validate submitted data. For companies outside the U.S., we calculated U.S. dollar figures using IDC's standard exchange rate for the year end 2011.