Majesco, a global leader of cloud intelligent insurance solutions for insurance business transformation, announced today it was categorized as a 2024 IDC FinTech Rankings Top 50 solution provider, moving up from the Top 100 category in 2023. The elite list features the technology companies from around the globe that are focused on providing solutions to the financial services and FinTech industries.
âWeâre incredibly proud and excited to be ranked among the top 50 in the 2024 IDC FinTech Rankings,â says Adam Elster, CEO at Majesco. âOur embedded analytics and generative AI capabilities are transforming and optimizing insurance operations, delivering unprecedented insights and efficiency. As we continue leveraging these breakthrough technologies, we are building smarter, more agile solutions that address the evolving needs of our clients and the broader industry.â
The Fortune 500-style ranking categorizes and evaluates 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 forecasts worldwide spending on IT across the globe to be over $800 billion (USD) by 2026.
To thrive in a digital economy, financial services organizations must embrace innovation and integrate new technology that enhances the customer experience and delivers operational excellence. Majesco and the organizations featured on the IDC FinTech Rankings Top 50, represent those organizations committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world. IDC Financial Insights publishes a comprehensive report about the yearâs findings that is available to view or download here.
Majesco is at the forefront of industry innovation by seamlessly embedding data and analytics into all their solutions, paving the way for advanced, intelligent systems. Its robust data and analytics infrastructure provides real-time access to all the operational data from Majesco solutions in a data lakehouse, embedded business intelligence dashboards, embedded AI/ML models developed by Majesco or from our partner ecosystem and GenAI. Majesco Copilot, the industryâs first and only Gen AI assistant in core, is embedded on every screen of Majesco solutions to optimize day-to-day transactions, further proving its commitment to delivering innovative technology. As insurers begin to look at 2025, understanding the power of GenAI and AI and the impact for insurer operations to optimize, improve productivity 80-90%, and bend the learning curve for employees is not something that can be ignored.
For more information on Majesco solutions, please visit www.majesco.com.
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