IDC Financial Insights Recognizes CSI as a Top Fintech Provider for 11th Consecutive Year

Rhea-AI Summary

Computer Services, Inc. (CSVI) has been recognized in the 2022 IDC FinTech Rankings for the 11th consecutive year, moving up seven spots to No. 51 globally. The rankings evaluate technology providers based on calendar year revenues from financial institutions. CSI's continued partnerships with community financial institutions have expanded its footprint, providing a suite of fintech, regtech, and cybersecurity solutions. IDC forecasts $590 billion in IT spending for financial services by 2025, indicating substantial growth opportunities in the sector.

Positive

• Ranked No. 51 in IDC FinTech Rankings, improving seven spots from last year.
• Continued partnerships with community financial institutions enhance market presence.
• Strong focus on fintech, regtech, and cybersecurity solutions aligns with market demand.

Negative

• None.

PADUCAH, Ky.--(BUSINESS WIRE)-- Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has been named by IDC Financial Insights to its “2022 IDC FinTech Rankings” for the 11th consecutive year. The annual ranking highlights the top 100 global technology providers in the industry.

Rising seven spots from last year’s ranking and nine since the ranking in 2020, CSI appears at No. 51 on the list of providers, which were evaluated based on their calendar year revenues from financial institutions for hardware, software or services. During its fiscal year, CSI has continued to partner with community financial institutions to enable a seamless banking experience, growing its footprint across the country to deliver first-class service and a leading suite of fintech, regtech and cybersecurity solutions.

“We’re honored to be named as one of the top global technology providers by IDC Financial Insights,” said David Culbertson, CSI’s president and CEO. “We remain steadfast in our mission to provide our community financial institutions with cutting-edge technology to drive their growth and meet the needs of their digital-first customers.”

The annual report features providers who supply the technological backbone of the financial services industry—one for which IDC Financial Insights forecasts an estimated $590 billion in IT spending by 2025. Additionally, the “IDC FinTech Rankings” serve as a resource for financial institutions while navigating the industry landscape and evaluating third-party solutions.

“The 125 companies represented in our ‘IDC FinTech Rankings’ provide the innovation, efficiencies and scale for the industry to succeed in a digital-first world," said Marc DeCastro, research director, IDC Financial Insights. "When it comes to providing financial services technology solutions, these organizations currently capture close to 60% of the total spend of hardware, software and services, which still leaves considerable opportunities for growth as well as new and emerging vendors to compete for the rest."

Click here to view or download the report about this year’s findings. For more information about CSI, visit www.csiweb.com.

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, payments processing, print and electronic document distribution, and regulatory compliance solutions to financial institutions and corporate customers, both foreign and domestic. Management believes exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as IDC Financial Insights FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers lists. CSI has also been recognized by Aite-Novarica Group, a leading industry research firm, as providing the “best user experience” in its AIM Evaluation: The Leading Providers of U.S. Core Banking Systems. For more information, visit csiweb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220929005893/en/

Laura Sewell

For CSI

270-349-9212

Callie Neatherlin

For CSI

media@csiweb.com

Source: Computer Services, Inc.