FIS, a global technology provider for the U.S., UK and European auto and equipment finance sector, topped IDC’s 2022 ranking for fintech companies. FIS replaced Fiserv, a U.S. payments company, in the top spot in the rankings this year.

Other asset finance notables to appear in the rankings are:

• Asseco, a software developer for the leasing sector, principally in the Polish market but increasingly in Israel, south-eastern Europe and central Europe, which earned the 17th spot in its first appearance in the rankings.
• Q2, a US-based digital platform provider for lenders and lessors, improved on last year’s 51st ranking and came 41st this year.
• Sopra Banking Software, a subsidiary of France-based Sopra Steria Group, and software provider for lenders and asset finance companies was ranked 43rd.
• Solifi, a software provider to the secured finance sector, came 82nd this year.
• IDS Group, ranked 69th in the 2021 rankings.

The IDC FinTech Rankings are in their 19th year and look to evaluate technology providers based on calendar year revenues from financial institutions for hardware, software and/or services. IDC collects data from vendor surveys, original research and in-house market analysis, according to a company statement.

“Earning the top spot in IDC’s FinTech rankings for nearly a decade brings great pride for FIS as it validates our approach and passion for advancing the way the world pays, banks, and invests,” Gary Norcross, chairman and CEO of FIS, said.

“The 125 companies represented in our IDC FinTech Rankings provide the innovation, efficiencies, and scale for the industry to succeed in a digital-first world,” Marc DeCastro, research director at IDC Financial Insights, said.