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Yusys Technologies Enters the IDC FinTech Top 100 in 2020

Company News 2020-10-13

        The globally respected market-research firm IDC released the 2020 IDC Financial Insights FinTech Top 100 at 11:00 on the morning of October 13, and Yusys Technologies jumped into the global top 100 with a placement of 54. The list includes the world's top financial technology companies, including FIS, Tata Group, NTT Data, FISV and Cognizant Technology Solutions. Thus, Yusys Technologies has shown that it can stand and prosper–that it can lead–amid fierce global competition. This has been made possible, and has been demonstrated, through more than 20 years of effort in the financial IT industry and its insistence on creating value for customers and the industry. The company's effort to excel has been and will always be relentless.


        IDC's Top 100 Global FinTech Suppliers list, published since 2004, is one of the most influential FinTech lists. Technology providers serving financial institutions around the world are thoroughly assessed before they can make it into the annual list. Moreover, the list plays a vital role in the selection of fintech providers by global financial institutions, and its authority and impartiality are widely recognized in the financial technology industry.


        Coincidentally, since the beginning of the year, thanks to its excellent comprehensive strength, Yusys Technologies has been selected into multiple IDC lists, demonstrating its leading position in the industry. In June, according to the "China's Financial Cloud Market (Second Half of 2019) Tracking" report published by the IDC, Yusys Technologies ranked second in the banking cloud solution segment, only 0.7% behind the first ranked Alibaba Cloud; in the field of cloud-application solutions for the banking industry, Yusys Technologies is the market leader, ranking first. In August, Yusys Technologies was successfully listed in the "Top 50 FinTech in China" list. Moreover, the Qingdao Bank "5G+ Ecosystem" Smart Bank, solution designed and implemented by Yusys Technologies won the "2020 China Financial Industry Smart Outlet Technology Application Scenario Innovation Award." In September, according to the "2019 China Banking Industry IT Solution Market Share" report published by the IDC, Yusys Technologies ranked among the top in China's banking industry IT solution market and advanced to the top three in seven segments. Among them, in the three segments of credit operating systems, Internet credit, supervision and compliance management, Yusys Technologies ranked first; in the business intelligence/decision support and online banking segments, Yusys Technologies ranked second; and in enterprise resource management and customer resource management, Yusys Technologies temporarily ranked third.


        Over the past few years, emerging technologies such as cloud computing, big data, artificial intelligence and blockchain have been increasingly integrated into financial services, and financial technology has played an essential role in modern economic and financial operations. IDC predicts that by 2024, the IT solutions market in China's banking industry will reach RMB 127.35 billion, and it's expected that the market will continue to grow incrementally in the future. As one of the leading companies in the IT solutions market in China's banking industry, Yusys Technologies has been deeply involved in the industry, providing financial institutions with various fintech services and products, such as IT consulting planning, software products, solutions and implementation, operation, maintenance and testing, system integration, business operation, etc. that fully meet customers' digital transformation needs. To date, Yusys Technologies has served more than 750 financial institutions in China and overseas, providing services to 115 of the world's top 1000 banks. Its customers include the People's Bank of China, China Development Bank, two non-commercial banks, six state-owned commercial banks, 12 joint-stock banks and more than 100 regional commercial banks. Thus, upholding its principle of "customer value first," Yusys Technologies will continue to help more financial institutions successfully progress in their digital transformation.


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