GBG Named to Prestigious IDC FinTech Top 100 Rankings List

SINGAPORE -
Media OutReach – 16 September 2021 – GBG (AIM:GBG),
the global expert in digital identity, helping businesses prevent fraud and
meet complex compliance requirements, today announces its inaugural placement
as one of the top 100 financial technology providers around the globe by IDC
Financial Insights, coming in at 66th position on the 2021 IDC FinTech
Rankings.

GBG’s long-standing focus and success with the
financial services industry, coupled with its record financial year performance earned GBG a
coveted spot as a new entrant to the 2021 IDC FinTech Rankings.

Dev Dhiman, Managing Director, APAC,
says, “It’s an honour to be recognised as a new entrant amongst the top 100
fintech providers around the world. For over 30 years, GBG has served more than
20,000 customers across the globe across 70 countries, including top tier banks
and fintechs in APAC. We have grown and expanded rapidly to stay abreast of
rapid digital disruption and the increasing focus in AI, cloud, financial
inclusion, and cross-vertical collaboration in the financial services
industry.”

“GBG has upscaled and modernised our
end-to-end suite of identity verification, fraud detection, and compliance
technology to manage the complexity and volume of today’s financial crimes, to
ensure banks and fintechs are enabled with agile and dynamic solutions to
create better customer experience for consumers to onboard and transact with
them.”

“This recognition is testament to our
commitment to deliver seamless, real-time activation of enriched solutions to
help manage emerging financial crimes better. Today, GBG’s solutions are
trusted by companies large and small to make digital living simpler and safer
for businesses and consumers alike,” concludes Dhiman.

The 18th annual vendor ranking represents the
leading hardware, software, and service providers to the financial services
industry from around the world. The Fortune 500-style ranking categorises 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 Financial Insights forecasts worldwide
spending on IT across the globe to be $590 billion (USD) by 2025.

The inaugural placement on the 2021 IDC
FinTech Rankings is the latest in a string of successes for GBG. These include:

“Being named in the IDC FinTech Rankings is a
significant accomplishment, demonstrating a provider’s commitment to the
success of its financial institution clients,” states Marc DeCastro, Research
Director at IDC Financial Insights. “The IDC Fintech Rankings, now in its 18th
year, is the global standard list of fintech providers to the industry, and we
congratulate the 2021 winners.”