Bounteous Achieves Recognition in 2025 IDC FinTech Rankings for Third Year Running

Bounteous, an acclaimed global consultancy specializing in digital transformation, has earned a coveted spot on the 2025 IDC FinTech Rankings Top 100 solution providers list, marking the third consecutive year the firm has received this prestigious accolade. The IDC FinTech Rankings celebrate the top global technology providers that cater to the ever-evolving financial services and fintech industries.

This recognition speaks volumes about Bounteous’s commitment to driving significant transformation within financial institutions. Ketan Somani, the President of Strategic Industries and Regional CEO for EMEA and APAC at Bounteous, states, "Being listed in the IDC FinTech Rankings Top 100 for the third straight year reflects our unwavering commitment to help financial institutions transform rapidly." He emphasizes that partnerships with clients are essential in leveraging AI technology to enhance customer experiences across various touchpoints.

Recent research conducted by Bounteous, featuring insights from over 300 senior executives in the global financial sector, unveils that an impressive 80%+ of firms are harnessing AI for critical operations, such as fraud detection, risk monitoring, and customer personalization. Moreover, almost 70% of financial services leaders pinpoint cost efficiency and revenue growth as their top priorities, which indicates a growing demand for technologically advanced solutions.

The initiative to integrate AI is increasingly yielding tangible results, particularly in terms of operational efficiency and improved customer interactions. However, pervasive challenges related to strategic alignment still exist. The report highlights that while the authority over AI initiatives primarily resides with CIOs and CTOs, CDOs and CMs often find themselves with limited budget control, leading to fragmented efforts and overlooked prospects. Many companies still tend to focus on short-term efficiency improvements rather than pursuing expansive, enterprise-wide transformation.

In the recently unveiled report titled "The AI White Space Addressing Challenges to Unlock Potential," Bounteous discusses how the development of cross-functional collaboration can unleash the full power of AI in financial services. By partnering with these organizations, Bounteous aids in bridging existing silos, enhancing cross-functional governance, and aligning roadmaps with customer-focused AI strategies. For those interested, the full report is available for download.

Marc DeCastro, research director at IDC, emphasizes the significance of the IDC FinTech Rankings, stating, "For 23 years, IDC has compiled a list of the largest financial technology providers globally. The companies recognized here are at the forefront of delivering the innovations necessary for modern digital experiences across banking, capital markets, and insurance sectors." According to IDC forecasts, global IT spending in financial services is expected to surge to $775 billion by 2028.

Through its distinctive Co-Innovation model, Bounteous empowers financial organizations to adopt cutting-edge innovations that not only elevate customer experiences but also ensure operational excellence. This model fosters collaboration and accelerates the creation of digital foundations capable of facing future challenges. Bounteous prides itself on being a partner in innovation, offering strategic and innovative solutions across varied domains including Strategy, Analytics, Digital Engineering, Cloud, Data AI, Experience Design, and Digital Marketing.

With a dedicated workforce of over 5,000 experts spanning the Americas, APAC, and EMEA, Bounteous stands ready to craft transformative digital experiences that enhance customer engagement while driving business success. Discover more about the company’s impactful work and expertise by visiting www.bounteous.com or following them on social media platforms such as X, LinkedIn, Facebook, and Instagram.