IDC Financial Insights places ARCA in its FinTech Ranking of Financial Services Vendors
MEBANE, NC, September 15, 2015 – ARCA, a global leader in developing cash automation technology for banks, retail locations and self-service kiosks, announced today they have ranked #75 on the 2015 IDC Financial Insights FinTech Rankings. The annual IDC FI FinTech Rankings, the most comprehensive vendor ranking within the financial services industry, is based on 2014 calendar year revenues attributed to financial institutions.
“Businesses around the world are beginning to realize the tremendous efficiency advantages that cash automation brings to the table,” said Mort O’Sullivan, ARCA’s Founder and CEO. “We help our customers navigate the complexities of automation and develop internal processes that allow them to positively impact their bottom line. Being ranked on this list is a confirmation that ARCA is at the forefront of automation technology, providing a tremendous value to financial institutions.”
Now in its 12th year, the IDC FI FinTech Rankings categorize and evaluate the top global providers of financial technology (based on calendar year revenues from financial institutions) for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018. The IDC FI FinTech Rankings have become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players.
ARCA is continuing to position itself as a leader in cash automation technology on a global scale, leading the charge in bringing cash automation technology to banks, retail stores, and self-service kiosks. From 2012 to 2014 revenue surged from $32 to $135 million — an increase of 321%. Last year, ARCA expanded its footprint and capabilities by purchasing the CTS Group, an Italian-based provider of cash automation technology.
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. Our overriding drive is to develop technology and services that make transactions simpler, more efficient, and more secure. Visit us at www.arca.com to see how we are reimagining everyday transactions—freeing people to focus on what matters most.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in ma king more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial, email firstname.lastname@example.org, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
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