Fidelity Information Services Named #3 on FinTech 100 List of Top Financial Services Vendors
November 15 2005 - 7:30AM
PR Newswire (US)
Strong Growth in Revenue and a Deeper Penetration of the Financial
Services Market Moves Company Up From # 11; Fidelity Is Only New
Company in Top 10 JACKSONVILLE, Fla., Nov. 15
/PRNewswire-FirstCall/ -- Fidelity Information Services (Fidelity),
a division of Fidelity National Financial, Inc. (NYSE:FNF),
announced that American Banker and the research firm Financial
Insights have named Fidelity to the FinTech 100, an annual listing
of top technology vendors. "We are extremely pleased to have
received this recognition," said Hugh Harris, president of
Fidelity's Financial Services Technology Solutions division.
"Fidelity's systems and supporting business processes are at the
foundation of some of the world's most successful banks and
financial services organizations. To be named to this elite group
of organizations demonstrates our position as a leader in the
industry." Fidelity Information Services ranked third on the
FinTech 100 list this year, up from 11th in 2004. Fidelity was the
only new company in the top 10 in 2005. The ranking of vendors is
categorized and evaluated based on fiscal year-end revenue and the
percentage of revenues attributed to financial services. American
Banker and Financial Insights publish a comprehensive ranking of
the hardware, software and service providers within the financial
services industry each year. Fidelity's new ranking reflects a
growth in revenue based on acquisitions and a deeper penetration of
the financial services market. Fidelity's software processes nearly
50 percent of all U.S. residential mortgages. It has processing and
technology relationships with 45 of the top 50 U.S. banks, 20 of
the top 25 world banks and more than 2,800 small and mid-sized U.S.
financial institutions; and it has clients in more than 50
countries who rely on its processing and outsourcing products and
services. In addition, Fidelity maintains a leadership position in
the check imaging space through its strategic, nationwide network
of more than 50 image-based item processing centers. About Fidelity
National Financial Fidelity National Financial, Inc. (NYSE:FNF),
number 261 on the Fortune 500, is a provider of products and
outsourced services and solutions to financial institutions and the
real estate industry. Through its majority- owned, publicly traded
subsidiary, Fidelity National Title Group, Inc. (NYSE:FNT), FNF is
the nation's largest title insurance company, with nearly 31
percent national market share. Through its majority-owned
subsidiary Fidelity National Information Services, Inc. ("FIS"),
the Company is a leading provider of core financial institution
processing, mortgage loan processing and related information
products and outsourcing services to financial institutions,
mortgage lenders and real estate professionals. FNF is also
provider of specialty insurance products, including flood
insurance, homeowners insurance and home warranty insurance. More
information about the FNF family of companies can be found at
http://www.fnf.com/ , http://www.fntg.com/ and
http://www.fidelityinfoservices.com/ . This press release contains
statements related to future events and expectations and, as such,
constitutes forward-looking statements. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements of the Company to be different from those expressed or
implied above. The Company expressly disclaims any duty to update
or revise forward- looking statements. The risks and uncertainties
which forward-looking statements are subject to include, but are
not limited to, the effect of governmental regulations, the
economy, competition and other risks detailed from time to time in
the "Management's Discussion and Analysis" section of the Company's
Form 10-K and other reports and filings with the Securities and
Exchange Commission. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, Fidelity National Financial, +1-904-854-8120,
or ; or Michelle Kersch, Senior Vice President, Corporate
Communications, Fidelity Information Services, +1-904-854-5043, or
Web site: http://www.fnf.com/ http://www.fntg.com/
http://www.fidelityinfoservices.com/
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