Firstsource figures in FinTech's 100 ranking of global tech

MUMBAI: Global provider of business process outsourcing (BPO) services, Firstsource Solutions, has become the only Indian pure-play BPO to have figured in the annual FinTech 100 ranking of global technology for this year.

Firstsource ranked 53rd on this year's list, an increase of one position from the previous year, a company press release said here today.

Firstsource Solutions is the only Indian pure-play BPO to be recognised in the ranking, the release claimed.

The number of Indian companies on the list, however, rose to 11 companies this year.

The ranking includes firms that derive more than one-third of their revenue from the financial services industry, which is a core segment of Firstsource's delivery capabilities.

The ranking is categorised and evaluated based on 2008 calendar year-end revenues and the percentage of revenues attributed to financial services.

Firstsource delivers an extensive range of services for the banking, financial services and insurance (BFSI) industry.