MeridianLink® Named to Prestigious IDC FinTech Rankings

Rhea-AI Summary

MeridianLink (NYSE: MLNK) has been ranked #54 on the 2022 IDC FinTech Rankings, marking its first appearance on this prestigious list of top 100 global financial technology providers. The ranking evaluates revenues from financial services for 2021, underscoring MeridianLink's role in powering digital lending for financial institutions. The report notes global IT spending in financial services is expected to reach $590 billion by 2025.

Positive

• Ranked #54 on the 2022 IDC FinTech Rankings, highlighting market recognition.
• First appearance on the IDC list, indicating growth and presence in the fintech sector.
• Serves over 1,900 customers, including leading financial institutions.

Negative

• None.

Annual ranking highlights top 100 global providers of financial technology

COSTA MESA, Calif.--(BUSINESS WIRE)-- MeridianLink, Inc.^® (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies (CRAs), today announced it has ranked #54 on the 2022 IDC FinTech Rankings. The 19th annual vendor ranking represents the top 100 leading hardware, software, and service providers to the financial services industry from around the world. This is the first year MeridianLink has appeared on the prestigious list. Vendors are ranked based on 2021 calendar year revenues attributed to financial services and FinTech industries.

“As a company that powers digital lending for Main Street America, we are honored to be named to the IDC FinTech Rankings and to be recognized with many of our top partners as market leaders,” said Nicolaas Vlok, CEO of MeridianLink. “As our customers continue to expand their digital footprint, we are committed to ensuring they have the best technology to build deeper connections with their clients and communities.”

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 $590 billion (USD) by 2025.

“Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” states Marc DeCastro, Research Director at IDC Financial Insights. “The IDC Fintech Rankings, now in its 19th year, is the global standard list of fintech providers to the industry, and we congratulate the 2022 winners.”

To thrive in a digital economy, financial services organizations must embrace and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. MeridianLink and the other vendors featured on the IDC FinTech Rankings represent those providers committed to helping financial institutions 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 that is available to view or download from http://www.idc-fi.com.

About MeridianLink

MeridianLink^® (NYSE: MLNK) is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes’ 2021 lists of America’s Best Credit Unions and Banks. Further information can be found at www.meridianlink.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220913005689/en/

Becky Frost

(714) 784-5839

becky.frost@meridianlink.com

Source: MeridianLink, Inc.

FAQ

What does MeridianLink's ranking on the IDC FinTech Rankings mean for MLNK?

The #54 ranking signifies MeridianLink's significant presence and recognition in the fintech industry, indicating potential growth and investor interest.

When was MeridianLink ranked on the IDC FinTech Rankings?

MeridianLink was ranked #54 on the 2022 IDC FinTech Rankings, announced in September 2022.

What are the key factors for MeridianLink's ranking in the IDC FinTech Rankings?

The ranking is based on revenues attributed to financial services and fintech industries for the 2021 calendar year.

How many customers does MeridianLink serve?

MeridianLink serves over 1,900 customers, including many recognized on Forbes' lists of America's Best Credit Unions and Banks.

What is the projected IT spending in the financial services sector by 2025?

IDC forecasts worldwide spending on IT across financial services to reach $590 billion by 2025.