Patni amongst the top 10 insurance tech vendors

BANGALORE, INDIA: IT and BPO services provider Patni Computer Systems today announced that FinTech 100, a premier annual listing of top technology providers, has positioned it as amongst the Top10 vendors for the Insurance sector.

Patni is also ranked 35th among the top 100 global entities offering IT solutions for financial institutions, said a press release.

Patni has consistently improved its ranking in the FinTech 100 and has moved up from # 45 in 2007 and # 60 in 2006, the release added.

FinTech 100 is an annual ranking of IT providers within the financial services industry announced by The American Banker, SourceMedia's flagship publication for banking and financial services professionals, and global independent advisory firm Financial Insights, an IDC company.

This is the fifth year of FinTech 100, and each ranking is categorized and evaluated based on CY07 year-end revenues and the percentage of revenues attributed to financial services.

“Over the last two years Patni has made substantial investments in creating solutions, frameworks, processes and methodologies tailored to the needs of diversified financial services organizations,” said Mohan Hastak, senior vice-president, BFSI, Patni.

“Our rise in the FinTech ranking validates our approach which focuses on enabling customers to achieve their business goals despite challenging times,” he added.