Cinimex Rises In the Ranking Of Top IT Suppliers To The Financial Sector
Cinimex was listed among the TOP-20 largest IT suppliers for the financial sector according to CNewsAnalytics. In 2021, the system integrator’s revenue from banking projects was up by 18%, which allowed the company to jump 2 spots up to the 20th position in the ranking. The share of Finance in Cinimex’s total revenue was 86% or 2,330,672 thousand Rub.
According to authors of the annual survey from CNews Analytics, the IT market in the financial industry is experiencing a new wave of changes. Redistribution of expenditure in 2020-2021 was caused by the pandemic, staff switching to remote work and explosive growth of remote channels of customer service. Meanwhile, in 2022–2023, the key trends are imports phase-out in the IT systems and transition from foreign to domestic solutions, and information security. At the same time, demand for hardware is going down, whereas the interest in clouds is rising. Even though the banking industry may see a contraction in IT spending, the market is still expected to grow, because digital transformation is a strategic focus for financial organizations, critical to their survival in a highly competitive market.
For full ranking and survey from CNews Analytics please see the link.