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A New Record! Yusys Technologies Jumps to the 48th place in the 2021 IDC FinTech Top 100 Rankings

Company News 2021-09-16


On evening of September 13(Beijing time), IDC, a global authoritative market research and data company, released the 2021 IDC FinTech Top 100 Rankings. Yusys Technologies is once again listed among the Top 100 due to its strong momentum in development, ranking 48th, which is 6 places higher than last year and the highest in Yusys’ history.

IDC FinTech Top 100 Rankings was started in 2004 and is currently one of the most influential FinTech ranking. Each year, the list provides a comprehensive assessment of technology providers serving financial institutions around the world. It is an important basis for global financial institutions to select Fintech enterprises, whose authority and impartiality are widely recognized in the Fintech industry.

This time, Yusys Technologies is once again selected as the Top 100, and moved up the ranks. Not only does this reflect the recognition and affirmation given by international authorities towards the company, but also shows that the company's comprehensive strength has been steadily enhanced in the rapidly changing and highly competitive industry, further consolidating its position as a leader in the industry.

In recent years, emerging technologies such as cloud computing, big data, artificial intelligence and blockchain have continuously been integrated with financial service. Fintech is playing an increasingly important role in modern economy and finance. As a leader in the largest financial technology solution market in China, Yusys Technologies is one of the first local companies in China to promote banking informatization. Over the past 22 years, Yusys Technologies has deeply rooted in the industry, enabled finance with science and technology, and promoted the wave of financial informatization in China. At present, Yusys Technologies provides the most comprehensive product solutions in the industry, including 27 product systems and 170 subdivision solutions, which fully meets digital transformation requirements of banks and non-bank institutions. With its leading product strength, the products of Yusys Technologies have become the common choice of over 1,000 financial institutions, especially in the four leading product lines of credit, data, supervision and channel. This shows its strong market competitiveness and leading market share in the industry. According to IDC's China Banking IT Solution Market Share 2020, Yusys Technologies ranks first in credit and regulatory product lines, and second in data product line and network banking product line.

It is worth mentioning that Yusys Technologies has steadily developed over the past 22 years. The source of which lies in the soft power accumulated by its long-term adherence to innovation. Since its establishment, Yusys Technologies consistently invested in R&D. From 2018 to 2020, the ratio of the company's R&D investment to the operation revenue continued to rise, from 8.6% to 10.51%. In the first half of 2021, Yusys Technologies' R&D investment also saw 82.53% year-on-year increase. Innovative technology base, innovative product application, innovative business model..., through a forward-looking layout, Yusys Technologies builds high-tech barriers to maintain high-quality development while consolidating the product base.

In the future, as digital transformation of financial institutions accelerates, demand for financial technology by financial institutions will be further released. According to IDC, it is predicted that China's banking IT solution market will grow at a compound annual growth rate of 14.64% from 2021 to 2025. By 2025, the market scale will reach RMB 118.56billion, and the market will maintain a high boom. As one of the leading financial technology enabler, Yusys Technologies will give full play to its product and technical advantages, and export more intelligent, safe and controllable integrated financial technology solutions, thus  promoting the digital transformation of the financial industry holistically.


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