Top Vendors in the North American Financial Services Industry

Abstract

This Financial Insights report provides insight into the leaders in the North American financial services industry. The financial services industry is of key importance for any IT vendor, accounting for 20% of global IT spending - this is no niche market. But succeeding in this industry almost always requires a specific go-to-market strategy and an understanding of the dynamics of each segment within this large market - banks, insurance companies, and capital markets firms. Vendors can attack all three segments, or they can target just one of these segments and profit nicely. "IT expense is one of the largest nonstaff components of any financial institution' s spending," comments Jeanne Capachin, research vice president, Global Banking. "This industry relies heavily upon FinTech vendors to support their businesses."