CFT has boosted its rating in Cnews by six positions
CNews Analytics agency has published a new version of the rating ”CNews100: Major Russian IT Companies 2012”. In the total rating of companies on the Russian market (all branches analyzed), Center of Financial Technologies takes the 19th position in terms of the indicator “Overall revenue”. As compared to 2011, CFT has boosted its rating by six positions.
According to CNews Analytics, the scope of Russian IT market in 2012 made 700 billion rubles ($22.5 billion) against 650 billion rubles ($22.1 billion) in 2011. Thus, the market has grown by 7.6% in the national currency or by 1.8% in US dollars.
The review included IDC data according to which in the coming five years the IT market would grow only by 5-7% annually in US dollars, and the main growth driver would be the development of mobile and cloud technologies and social networks.
According to Andrey Visyaschev, Chairman of the Board of CFT Group, “Customers of IT companies have started spending money deliberately on automation and select products more pragmatically. As for the banking software sector, financial organizations focused in 2012 on reduction of costs and on the improvement of the convenience and acceleration of customer services. The trend of transferring core banking systems to outsourcing has reinforced its positions. In general, the banking market is going through changes – retail is rapidly developing, and banks are getting bigger. The term “core banking system” is transforming – solutions of key banking software developers cover not only the back office.”