SAP NEWSBYTE — SAP AG (NYSE: SAP) today announced that it has been named a 2013 Top 25 Enterprise Company in Financial Technology by American Banker, Bank Technology News and IDC Financial Insights. SAP ranked 17th on the list of financial technology companies that were judged according to their global revenues, attesting to its consistent growth in serving the financial services industry. The announcement was made at BAI Retail Delivery 2013, being held November 5-7 in Denver, Colorado.
“This recognition is a reflection of our growth strategy, which is centered around customers and driven by innovation,” said Eric Stine, senior vice president and general manager of Financial Services North America, SAP. “We are committed to continuously enhancing our end-to-end solution offerings with banking industry-specific functionalities while taking the lead in addressing new business models spanning complex ecosystems.”
The enterprise ranking in financial technology consists of horizontal technology firms that provide products and services across multiple industries and have significant reported revenue in the financial services industry. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights.
Financial services at SAP is growing rapidly, with a customer base of more than 17,000 financial customers, of which more than 12,000 banks in 142 countries are innovating with SAP® solutions. SAP is a valuable asset to help financial institutions around the world become more customer-centric, reduce cost and complexity and more easily manage regulatory and risk compliance.