Nov 1 (Reuters) - CDW (CDW.O) reported third-quarter revenue below estimates on Wednesday on lower demand for the company's information ... their technology spend," the company said. CDW, which has products ranging from notebooks to data center services ...

CDW misses third-quarter revenue estimates as customers lower tech spending

By Robb M. Stewart Thomson Reuters' shares were up strongly Wednesday after the Canadian news and information provider announced a fresh $1 billion

Thomson Reuters Shares Rise With Earnings Beat, Buyback Plans

TORONTO (AP) — TORONTO (AP) — Thomson Reuters Corp. (TRI) on Wednesday reported third-quarter net income of $367 million. The Toronto-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share.

Thomson Reuters: Q3 Earnings Snapshot

Thomson Reuters Corp. announced plans to invest more than US$100 million a year in generative artificial intelligence. The company said Wednesday it is building AI-powered capabilities for its products including a tool for its Westlaw Precision service that will launch Nov.

Thomson Reuters planning to invest more than US$100 million a year in generative AI

Thomson Reuters (TRI) delivered earnings and revenue surprises of 20.59% and 0.50%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

Thomson Reuters (TRI) Q3 Earnings Top Estimates

Earnings or losses for interim periods under IFRS reflect income taxes based on the estimated effective tax rates of each of the jurisdictions in which Thomson Reuters operates ... the core of the company's business information service product offerings.

Thomson Reuters Reports Third-Quarter 2023 Results

Thomson Reuters Corp on Wednesday reported higher-than-expected operating profit in the third quarter, helped by strong performance at its "Big 3" segments, Legal Professionals, Corporates and Tax & Accounting Professionals.

Thomson Reuters third-quarter profit beats estimates

The integration of the Westlaw Japan supports Thomson Reuters strategy to offer Japanese legal professionals a best-in-class content technology platform.

Thomson Reuters Completes Acquisition of Westlaw Japan Business

In our latest virtual conversation, HSToday Executive Editor Kristina Tanasichuk spoke with Heather Fischer, the Senior Advisor for Human Rights Crimes at Thomson Reuters Special Services and Minal Patel Davis,

Virtual Interview: New Partnership Creates Resources to Combat Human Trafficking

Microsoft Azure Customers Worldwide Now Gain Access to AU10TIX to Take Advantage of the Scalability, Reliability and Agility of Azure to Drive

AU10TIX ID Document & Biometric Verification Platform and Reusable ID Solution Now Available in the Microsoft Azure Marketplace

Thomson Reuters Corporation provides news and business information services to professionals in the United States, Other Americas, Europe, the Middle East, Africa, and the Asia- Pacific. It operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of services across legal, tax, regulatory, and compliance functions to corporate customers, including accounting firms. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, national, and international news to professionals through desktop terminals, media organizations, and industry events, as well as directly to consumers. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. Thomson Reuters Corporation was founded in 1799 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.

Thomson Reuters is the world’s leading provider of news and information-based tools to professionals. Our worldwide network of journalists and specialist editors keep customers up to speed on global developments, with a particular focus on legal, regulatory and tax changes. Our customers operate in complex arenas that move society forward — tax, law, compliance, government, media. In a disruptive digital age, we help professionals reinvent themselves. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI).

THOMSON REUTERS CORP

Unemployment Insurance Fraud Rose During the Pandemic 

Top Software Development Companies 2022 That Are Growing Fast

According to Thomson Reuters analysis, since 2017, there has been a 484% increase in the number of legal technology patents worldwide. Many law companies experience a vast increase in leads due to the implementation of LegalTech solutions. That’s why we decided to dive more into this industry. In this blog post, we’ll analyze the market share, discuss the impact of technology on the legal industry, and explore legal technology trends. LegalTech Market Size According to the data from Statista, the LegalTech market generated revenues of 17.32 billion U.S. dollars worldwide in 2019. The compound annual growth rate (CAGR) is expected to grow over 6% for 2021-2025. By 2025, revenues will reach 25.17 billion U.S. dollars. Speaking about the leaders in implementing legal tech solutions, the U.K. and the USA take the top places. The reasons for leadership are simple: The U.K. and the U.S. have solid legal service industries Both countries have several leading technology hubs Another factor that influences the growth in market share is the enlargement of budgets law companies spend on LegalTech annually. As Gartner’s research, by 2025, legal departments will triple their spending on legal technology. The Impact of Technology on Legal Industry. The size of the industry market signifies how impactful legal tech solutions are. But that’s not all. Apart from the enlarged revenue, there are four more benefits the technology brings to the legal industry. Legal Tech Solutions Make Law Companies Transparent Transparency and justice are two vectors the legal industry follows these days. Nowadays, clients want to: get exact prices for legal services track the daily progress of the lawyer on their case analyze the performance of their lawyers in one touch. The implementation of advanced LegalTech solutions ensures that law companies do not spend more on the case than they earn from it, making legal processes transparent. 2. Legal Tech Solutions Reduce the Cadence of Errors No error and mistakes are allowed in the legal industry, isn’t it? Thanks to legal tech solutions, law companies and their clients can keep an eye on all the critical data (intakes, cases, clients, billings, and more) and analyze it in a significant number of ways. Having relevant data in one place helps lawyers forecast legal workflow changes and create profitable strategies that meet clients’ expectations. 3. Legal Tech Solutions Make Law Firms Transnational It gets easier for law companies to grow in size and expand geographical reach using automated mechanisms for coordinating and controlling their operations globally. Moreover, technology in the legal industry expands the global outlook on law practice and helps companies position themselves in an international legal services market. 4. Legal Tech Solutions Provide Fast Data Processing The legal industry is sensitive to accurate and fast data analysis. Using tech solutions, law companies can make a high-level analysis in a few minutes (e.g., quick calculation, advanced reports, management of cases turnover, caseloads control, document management, etc.). Fast processing of information improves the quality of legal services and prevents lawyers from routine administrative tasks. Top 3 Legal Technology Trends To implement the best legal technology practices to any law firm and get the most of them, we need to walk through the latest technology trends in the legal industry. Trend #1:  The Usage of Legal Ops Becomes a Common Practice The aim of legal operations (or legal ops shortly) is to provide companies with various activities. These activities are designed to increase the efficiency of vendor management, tech support, data analytics, clients support, etc. By using legal ops, law firms can set goals and key performance indicators (KPIs) such as service quality, turnaround time, caseload management. Trend #2: By 2024, More Than 50% Of Corporate Transactions at Law Firms Will Be Automated As stated in the 2019 Gartner survey, legal departments reported that 55% of their corporate transaction work could be automated, and a third of it (33%) already was. The hit of the COVID-19 pandemic forced such streamlined automation in the legal industry. The good news here is that the law industry is no longer resistant to new technologies. Instead, automation of legal processes is becoming trendy. Trend #3: Artificial Intelligence as a Part of Legal Practice Many legal tech tools incorporate AI or at least claim to do so. For the law industry, AI is no longer a threat. Instead, many companies recognize it as a beneficial tool for regulating routine tasks, minimizing mistakes, maintaining defensibility and consistency. Sum Up Yes, the adoption of new technologies in the legal industry is a continuing and complex process. However, legal technology trends signify that the industry became highly acceptable to legal tech solutions (the COVID-19 pandemic boosted the adoption process significantly). To get more information check our blog article.

Legal Tech Solutions: Market Size, Impact, and Trends

2020 has been a bad year for the financial markets, be it stocks, forex or properties, made worse by the COVID-19 pandemic. Does it mean that cryptocurrencies and blockchain projects are dead? Not at all! new projects with great potential continue to emerge and for new investors there are still ground floor opportunities that may offer good ROIs once the markets recover from the current financial crisis. Below are 10 new tokens we think are doing reasonably well and will ride through the current crisis in due time. We used a few criterias to select them, such as these projects must have groundbreaking technologies, provide solutions to real world problems, listed on CMC or CoinGecko, showing decent trade volume and respectable ratings by credible crypto info sites. Overall, these tokens have displayed steady performance during this bearish market period. Level01.io is an innovative decentralized finance platform, licensed by European regulators from Estonia. It has the backing of well known financial services providers such as Thomson Reuters/Refinitiv and DigiFinex. Level01 What’s so unique about it? It combines many technologies: artificial intelligence, multi markets trading and blockchain into a single platform and app  to  provide novice and seasoned traders the fairest and safest  derivatives exchange on the market. While many blockchain trading platforms concentrate solely on crypto trading, Level01 allows  you to trade derivatives  on many assets: Forex,, Gold, Oil, Bitcoin, Ethereum and etc. To decrease risks associated with these assets and speculative nature of derivatives trading, Level01 has its own AI algorithm, called Fairsense that estimates the real risk/reward ratio, using trusted data from Thomson Reuters, which helps users to be well-informed before making any trade decisions. Level01 is a P2P platform, which means it matches  contracts between users directly,  without any middlemen or brokers in the process. That’s why it has low fees and fast trade execution, while eradicating issues associated with traditional brokerages such as hidden fees, price manipulation and prolong settlement at the same time. Level01’s native token LVX has performed greatly against the current global pandemic and economic crisis, with it’s prices remaining steady and even climbing slightly compared to others crashing to over 35% including Bitcoin at this time of writing. Exchange tokens are constantly in high demand as more people move into crypto or digital currencies.  For example, the prices of Binance and Bitfinex tokens have gone up by hundreds of percent.   Options or derivatives trading have much higher volume and liquidity than the crypto market. Add to the fact that many people are forced to stay home due to the global pandemic, options trading will definitely pick up more interest and traders. The token of a DeFi platform that combines cutting edge technologies and multi markets is  definitely one of the most interesting pick of this year. ATOM ATOM is a token of , a long-awaited blockchain, which allows to create child blockchains with rules, defined by users. It consists of two parts: Tendermint Core and Inter-Blockchain Communications. Tendermint is the layer for blockchain development, a PoS system, that allows to create tokens, decentralized applications and child chains. Inter-Blockchain communications allows to create Hubs, that connect various child blockchains and even external blockchains into one zone with a common architecture. Cosmos is very fast and even has its own Ethereum implementation, called Ethermint, which allows to run smart contracts written in Solidity. Cosmos ATOM token is actively traded at many exchanges, has a daily volume of $277,880,624 USD, and has many partnerships, including Binance, which made a fork of Cosmos to create its own Binance Chain. ALGO This project, , has a simple goal to be as user-friendly as possible, staying fast and secure at the same time. Algorand is a smart contract platform, similar to Ethereum or EOS, but it’s based on pure PoS consensus model. It has the pure finality, meaning that once a transaction is processed, it can’t be reversed. The platform allows to stake ALGO tokens, acting as a validator node, and receiving staking rewards in return. Algorand ALGO has a daily volume of $141,785,689 USD and a large lists of partners - such as Bixin Capital, Continue Capital, Brainchild and Eterna. That’s a solid list, and definitely, ALGO is going to have a successful future. RSR It’s a token of the project, which aims to create a stablecoin cryptocurrency, RSV. The project has three phases: Reserve A centralized phase. RSV is pegged 1:1 to the US dollar. In this phase, dollars are simply held as the collateral on the bank accounts. The decentralized phase - RSV will be backed by a decentralized basket of assets, but still pegged to the US dollar. It will be unpegged from the US dollar. its price will be determined based on the balance of supply and demand. RSR token is used to create new RSV tokens. When the price of RSV on the market is too high, arbitrageurs can send RSR to Reserve smart contract and receive new RSV tokens, to sell them and lower the price. The whole ecosystem is very similar to the MakerDAO. Currently, there’s also another token, RSD, a dollar stablecoin, as a temporary solution until the backing mechanism is developed. The Reserve ecosystem is still in the early stage, but when finished, it has the big potential, because the market is always in need for more stablecoins. Now the daily trading volume of RSR isn’t very high yet - $6,078,110 per day. BEAM is an open-source implementation of MimbleWimble, a protocol with enhanced privacy and high speed. It has no addresses and data storage is minimal, thus its miners don’t have to store Gigabytes of blockchain data. All of its transactions are confidential, and it features many types of transactions: escrow, atomic swapping and time-locked transactions. Despite being private, the Beam wallet can be configured to share its transactions for external audit - this allows Beam to be legally compliant. Also it supports the creation of various additional assets, such as real estate tokens, corporate debts and simply new currencies. Beam The current daily volume of the BEAM token, according to CMC is $32,577,799. It’s an actively traded currency, and its development is supported by a good dozen of funds, including Node Capital, Collider Ventures and many others. With the demand for both privacy and legal compliance, Beam might meet a solid demand in the next years - that’s why Beam made it to our list. Hedera Hashgraph was promoted as “an alternative to the blockchain of the next generation”. It’s very fast, more than 10,000 transactions per second, and it’s based on hashgraph, which is another variation of distributed ledger technology. Hedera Hashgraph was backed by large corporations, such as Google, IBM, Boeing, Deutsche Telekom and Nomura, right from the start. Hashgraph technology doesn’t need miners, it’s similar to IOTA, because it’s also an another variation of directed acyclic graphs - that’s why it’s so fast. Aside from the cryptocurrency tokens, Hedera also offers smart contracts and file services. While its smart contracts concept is the same as on many other platforms (it supports Solidity language), the file service is worth explaining: it allows to create time stamps and link hashes of external documents to the public ledger, thus verifying them. Hedera Hashgraph HBAR, the native token of Hedera Hashgraph, is traded on many exchanges, including Bittrex, with a daily volume of $14,157,877. It definitely won’t be an Ethereum killer, but with such giants as Google on board of its council, it has the potential to be very high in the crypto ranks. Matic isn’t a separate blockchain, it’s a scalability solution for Ethereum, a second layer on top of the main network. It claims to be an implementation of Plasma, the solution similar to Lightning Network of Bitcoin, but in reality it’s not a true Plasma, as it’s not a child chain, but rather a side chain. Thus it doesn’t rely in its security on the Ethereum network. However, Matic is a well-known blockchain project. It has a working implementation, it has a PoS system, and it’s gonna be great for using in games for storing and transferring in-games items in form of tokens. In theory, it can achieve the speed of 65,000 transactions per second. The native token of Matic is traded with a daily volume of $34,757,963. Matic TOMO is a highly-scalable blockchain that supports all Ethereum smart contracts and runs on PoS implementation with 150 nodes. Its main advantage is nearly zero-fee transactional system and instant confirmation time. Any user can run a masternode by having more than 50,000 of TOMO coins, or simply use them to vote for other masternodes and receive a share of its profits. It also has a large number of partners and investors, including HyperChain Capital, OneBlock Capital, Blockchain Investment Club and many others. Tomo has its own wallet, but voting and staking can be done via MetaMask or MEW. Its current trading daily volume is $36,758,886. TomoChain BTT All of us know this one. is the native token of BitTorrent, a popular P2P network, now owned by Tron Foundation. BTT token runs on the Tron blockchain, allowing content creators to be rewarded and spend their tokens without a middleman. Also it gives access to BitTorrent Speed, the service with a larger bandwidth, which means that by paying BTT you’ll be able to download everything faster. It’s interesting, considering that BitTorrent currently has more than 100 million users and has 22% upstream traffic of all Internet. Tron Foundation and its leader, Justin Sun, are known for great marketing of their products, so we can expect BTT to rise in crypto ranks in the future. Its daily trading volume is very high - $86,971,887. BTT ABBC Coin The last token in our list is the . They claim to be the future of the payment security. ABBC project creates a marketplace, that can host many merchants, and provides them an ecosystem for seamless connection with customers. It works on a DPoS consensus, allowing the network to handle as many customers as needed. It has some serious partnerships with the Rockefeller Foundation, Overstock, tZero, Alexander Capitals and many others - meaning that it’s a serious project and we have to watch it closely in the future - it may not be the sure bet, but at least it’s on the right track. Its daily trading volume is $32,389,797. ABBC Coin

Top 10 New Tokens To Watch In 2020

Are you an insurance company looking to save the most money? One of the issues many insurance companies have is they find they are often overpaying lawyers during the settlement of insurance claims. Software can help you by reviewing legal bills and automatically processing them. Our LSG Mercury Claims Management™ software (formerly known as Advocator System™), for example, has saved our clients over $500 million in the last 15 years. It’s not part of a broader suite of software products, but it’s the right tool if you’re focused on claims management and legal billing software. So, how much does it cost? Cost of our Claims Management Software If you are looking into matter management software for your company, look no further than . We are different from our competitors with our approach to pricing, for a starter. The cost for our processed claims is only $2.50 per claim, or $1 million per year, whichever is less. Many other claims management software companies, such as Wolters Kluwer and Thomson Reuters cost a fair bit more than that, and we’d be happy to get you a . In fact, most of the competitors cost upwards of $5 million a year, but you find that out at the end of your discussion. We’re sharing it here because we’re one of the few private and family-owned businesses left in claims management. LSG custom quote LSG Customers Come First In addition to being cost-effective, our customers also love that is a private company, and family owned, unlike many of our competitors. For this reason, our customers come first, instead of the shareholders. We price based on value provided, not on needing to ensure we’re always making more for our investors. We make sure that all of our customers get the most benefits out of our services. LSG We are also differentiated in our services and products. With LSG’s Mercury Claims Management, customers get an automated bill review and manual bill review. We will guarantee an improvement over your in-house team. The combination of machine learning driven automation, based on our proprietary 15-year-young invoice database, and manual bill review experts generate cost savings alpha. If we can’t beat your cost-savings rate by at least 2x, we’ll drop our price. That’s a guarantee. Lastly, we know that our customers need their security and privacy. For this reason, we offer security and database hosting with our services. This allows you to back up your claims and other documents, have a secure firewall, data encryption, and protection for other personal information, too. Other Benefits With Mercury Claims Management™ software, our customers receive many benefits including the following: ●     Control over claim processing ●     Better budgeting and planning ●     Case and document management ●     E-billing ●     6-11% in savings per matter ●     Reduction in litigation days of 50%+ ●     AI-Driven automated bill review ●     Manual bill review ●     Powerful reporting ●     Data analytics ●     Claim and payment feeds ●     And more… If you are looking to get the most benefits out of the matter management software your company uses, has just what you need. With all these benefits and the privacy our software provides, you won’t need to worry about data being breached or stolen, we are an ISO 27001 certified company. LSG Our Elephant in the Room The only downside to is that our company is fully focused on legal invoicing software products. This means we won’t be able to provide any software outside of the legal technology field of focus: legal billing software, legal bill review and claims management software are our areas of focus. Thomson Reuters, Wolters Kluwer, and some other matter management software companies might be able to offer a broader suite of software products than we can. LSG With this being said, these companies do charge a lot more and they don’t tend to innovate, every dollar they spend on a better product is not a dollar to their shareholders. If you want to work with a claims management software company that feels closer to home, is looking to partner with your business. LSG If you are in need of cost-effective and high quality claims management software that has saved our clients an average of 6-11% per invoice and brought litigation days down from an average of 160 to 75, reach out to us so we can see if we’re a fit. here

Claims Management Software: What is the Cost? 

Top Custom Software Development Companies

: This article series was inspired by the book by Agustin Rubini. A great read for anyone who looks to explore the potential of the fintech industry and its current state! NOTE Fintech in a Flash: Financial Technology Made Easy : Thank you of for advising me on this series! For those who don’t know them yet, Finhay is a robo-advisory service for Vietnamese millennials to easily invest in financial products, starting with mutual funds. They’ve been invested by Australia-based . NOTE 2 Huy Nghiem Hello from Finhay H2 Ventures “In its broadest sense, we define fintechs as high-growth organisations combining innovative business models and technology to enable, enhance and disrupt FS. This definition is not restricted to start-ups or new entrants, but includes scale-ups, maturing companies and even non-FS companies, such as telecommunication providers and e-retailers.” EY: — February 2016 UK FinTech — On The Cutting Edge Historically, the development of fintechs has begun since the 1950s. In personal finance, the creations of credit cards, ATMs, electronic stock trading, banking databases, Internet and e-commerce business services, etc were . Between the 1950s and the 1990s, one should also notice that alongside the infrastructural growth of this sophisticated system that we now benefit from, there was also the rise of enterprise-level tools for banks and financial institutions, such as risk management platforms, data analysis software, and treasury management frameworks, that facilitated this drastic metamorphosis. Companies that provided these data-driven, enterprise-focused platforms, such as and , played an important part in building out this initial fintech infrastructure. The evolution in corporate finance in turns generated further growth for the retail/personal sector. all part of this evolutionary process Bloomberg Terminal Thomson Reuters Eikon The digital age, however, poses new problems and, consequently, opportunities for a new wave of fintech solutions. Retail financial services, for example, now become open to new, more consumer-friendly players, in a variety of sub-verticals, such as mobile wallets, e-payment services, robo-advisors, and peer-to-peer (P2P) lending. In certain cases, fintechs have completely replaced traditional banks in financing the consumers, such as PayPal. In corporate finance, the introduction of new terminologies, such as Big Data, Blockchain, and the Internet of Things (IoT), has open new doors for data collection and analysis, risk management, as well as treasury management. This drives corporates to invest in either internal R&D or into startups that focus on these fields, in order to to get caught up with the new technologies. Making the case of Vietnam’s fintech industry The development of fintechs in Vietnam, nevertheless, is quite different, as it remains largely focused on the personal/retail finance sector. As in many regions and countries in Asia and Africa, where there exists a large unbanked and under-banked population, people often don’t use banking services, but rather prefer going through cash-based channels for retail needs. A recent pointed out that the level of banking sector penetration in Vietnam only reached 59%, as compared to 86% in Thailand and 92% in Malaysia. This means a staggering 41% of Vietnam’s population is unbanked, creating a huge window for fintech companies to jump in and compete with traditional banking; consequently, it also put the pressure on banks and financial institutions to innovate internally to adapt and explore this potential customer audience. research by Solidiance This opening of opportunities for fintech has been powered also by the growth of mobile penetration and Internet economy in Vietnam. Per a , Vietnam grossed 64 million Internet users and 70 million unique mobile users, with 72% of which converted into smartphone users. This level of penetration has helped Vietnam’s Internet economy almost triple between 2015–2018, reaching $9 billion in 2018, according to a on Southeast Asia’s Internet economy. With this fast pace of mobile and Internet adoption, consumer behaviors are changing quickly. Mobile- and Internet-based transaction processing has become the new norm in banking and payment, especially among the younger population. report by WeAreSocial recent Google/Temasek report Southeast Asia’s Internet economy GMV as a percentage of GDP in 2018. Source: Google/Temasek. Another key differentiation for Vietnam is the rising number of small-and-medium enterprises (SMEs). The conducted by United Overseas Bank (UOB), EY and Dun & Bradstreet earlier this year stated that SMEs in Vietnam account for nearly 99% of all enterprises and employ over 70% of the workforce. The study also showed that Vietnamese SMEs are highly tech-savvy and open to investments into digitalization: 58% surveyed SMEs would invest in technology, of which 71% indicated they would invest in software such as mobile applications or digital marketing as they believe these will create better customer experiences and increase customer loyalty. Fintech solutions, such as point-of-sale (POS) technologies, gifting platforms, and digital marketing tools, will empower SMEs and open new customer onboarding channels for them. Other segments like digital lending and crowdfunding open new channels of fundraising for SMEs to grow their businesses. ASEAN SME Transformation Study In terms of frontier technology, blockchain is leading the way in Vietnam’s fintech landscape, with its main applications in cryptocurrencies. The skyrocketing rise of Bitcoin and Ethereum in the past two years also draw a lot of attention from local businesses and individuals alike. According to the , the Vietnamese Dong was used by 15% of surveyed cryptocurrency payment companies worldwide in 2017, comparing to 6% use by the Singapore Dollar and 10% by the Indonesian Rupiah. Businesses, especially early-stage startups, have also found useful applications of cryptocurrency in fundraising through initial coin offerings (ICOs) or securities token offerings (STOs) based on blockchain technology. According to ICORating’s , in the 2nd quarter of 2018, ICOs have already raised $11,690,981,663 of investments, which is 10 times bigger than the cumulative sum of investments from ICOs of Q1–2 2017, with Vietnamese ICOs such as or participating in this rising trend. Global Cryptocurrency Benchmarking Study ICO Market Research Q2 2018 Kyber Network Tomochain Bitcoin’s awareness level across selective countries, recorded in Jan 2018. Source: Jana Mobile/Statista. Fintech innovations in corporate finance, however, remain fairly limited. Banks, insurance firms, and securities companies are leading this trend, with the development of internal cloud-based platforms that assist their customer-centric data tracking and collection. There is also a limited number of startups working in this field, mainly focusing on the aggregation and providence of business intelligence data and credit scoring information based on social activities. Nevertheless, the lack of public infrastructure for financial data access remains a challenge for data-driven fintech development. Finally, one cannot overlook other emerging sectors in fintech market. These sectors include a wide range of prototype- to early-stage startups and projects that are yet to achieve significant growth but hold plenty of potentials. Robo-advisory, overseas remittance, and eKYC are only a few examples representing this growing segment of fintechs. Conclusion As such, one can divide the local fintech landscape into the following segments: Digital Payment, New Banking, Consumer Interfacing, Lending & Crowdfunding, Blockchain & Cryptocurrencies, Big Data, and Emerging Fintechs. Up next: Part II: Digital Payment

Vietnam Fintech in a Flash — Part I: Comprehending Vietnam’s Financial Technology Landscape

It’s hard to imagine a business that doesn’t need any IT services today: whether you are to deploy cloud solutions, go online, or improve your data security, hiring a couple of specialists is unlikely to be enough for delivering all the necessary services on time and budget. The best solution will be to hire a team of experienced experts who will promptly devise what you need, providing solutions that fit your particular business perfectly. In 2021, the worldwide spending on IT services is expected to , which is impressive. This again proves the fact that even the most conservative companies that were unwilling to change until recently have now realized the essential benefit of new technologies, and are seeking professional IT help. reach 1.14 trillion dollars How to Choose a Perfect Partner Among IT Consulting Companies? Luckily, the market is incredibly rich with IT consulting providers—since the beginning of the 2000s, more and more companies each year try to succeed by offering their IT-related services. Still, quantity doesn’t equal quality, so those who are looking for a perfect team to work with should learn to differentiate companies and find the one that is experienced and skillful enough. If you are the one who’s in need of such a tech partner, don’t worry—we would like to ease this time-consuming challenge for you. After a thorough market analysis, we have identified the best IT services providers based on five criteria: Expertise Industries served Geographical strategy Major clients Online reviews The analysis resulted in the following list of 30 top IT consulting companies on the market that might be interesting for you. No Need to Google “Best IT Consulting Companies Near Me” — We’ve Found Them for You 1. Accenture Accenture is one of the leading IT consulting companies in the USA and worldwide. The company has offices and teams in 52 countries, including the US, Ireland, and Singapore. With more than 492,000 employees on board, Accenture was listed in Forbes’ Global 2000 and Fortune’s Global 500 in 2019. The company delivers consulting services in the fields of blockchain, technologies, supply chain, and other. They also specialize in cloud solutions and Microsoft, Workday, Oracle and Salesforce platforms. Throughout their existence, Accenture has served 6,000 clients in 120 countries. 2. Capgemini Capgemini was founded in France in 1967 to become one of the front-runners on the European IT market. Today, it’s a company of more than 211,300 team members and 200+ offices in 39 countries. In 2019, Capgemini was positioned as a leader in Gartner’s Magic Quadrant for Data and Analytics Service Providers and Gartner’s Magic Quadrant for CRM and Customer Experience Implementation Services. The company provides a number of IT services of various types: artificial intelligence, cloud solutions, digital services, and other business solutions. Capgemini focuses mostly on Banking and Manufacturing domains. 3. Tata Consultancy Services An Indian company, Tata has been providing consulting services for more than 50 years now. Its team comprises 446,600+ professionals in 46 countries who have already worked with such enterprises as Marks and Spencer, Panasonic, and Mother Dairy. The IT-related solutions delivered by Tata range from consulting to blockchain and cybersecurity services. In addition to this, the company provides their proprietary platforms targeted at automation, blockchain and Agile solutions. Tata Consultancy Services focuses mostly on Finance, Media and Retail domains. 4. Cognizant Established in 1994, Cognizant is now one of the top IT consulting companies in the world, with headquarters in Teaneck, NJ. Cognizant has offices in 40 countries, including the US, UK, Brazil, China, Canada, and United Arab Emirates. The company provides a wide range of services, including AI, automation and cloud solutions, quality assurance, and more. Their major targets are Banking, Healthcare, Insurance and Education industries. 5. Infosys In 1981, Infosys, a small company of six engineers with nothing but 250 dollars, began its existence in India. Today, it’s a team of 243,000+ experts operating from 46 countries, the US, Spain, China, Brazil, Australia, and Russia among them. Infosys expertise comprises AI and automation, blockchain technology, data analytics, IoT, cloud solutions, and more. Infosys works with both startups and established enterprises, focusing on such domains as High Technology, Healthcare, Public Sector, Manufacturing, and other. The company’s client list includes such renowned companies as Marvell Technology Group, The Hershey Company, and Cisco. 6. Wipro Founded as a part of Western india products in Bengaluru, India, in 1945, Wipro shifted forty years later to focus on the IT industry. The company went public in 2000 and has grown 25 times since then. With 175,000 dedicated team members on board, Wipro delivers high-quality IT solutions to clients from around the globe. Wipro provides a number of services: consulting, data analytics, DevOps, and many more. Still, the company focuses mostly on cybersecurity and cloud solutions. Wipro has vast experience in working with various industries, such as Education, Insurance, Oil and Gas, and many others. 7. Datamatics Datamatics is one of the leading technology consulting companies on the market, with more than 15 years of experience in delivering finest IT solutions. Operating in seven countries—the US, UK, Netherlands, United Arab Emirates, Philippines, Switzerland, and India—they have already worked with 200+ clients worldwide. Datamatics offers consulting and advisory services, business management, technology and big data solutions, as well as engineering services. The company also provides their proprietary platforms aimed at automation and data analytics. Datamatics has rich experience in working with Finance, Healthcare, Insurance and Transportation industries. 8. Bain & Company One of the top IT consulting companies, Bain has 45+ years of advisory experience. The company has 58 offices in 37 countries, including the US, UK, United Arab Emirates, Norway, Nigeria, China, and more. Bain provides consulting on sales and marketing, strategy, organization, transformation, digital delivery, and Agile. The company also has their proprietary platform, created for analytics, digital marketing, and design. Bain focuses on Manufacturing, Chemicals, Energy, Gas and other domains. 9. BCT Consulting BCT Consulting was founded in 1996 as a one-member firm to become one of the leading technology consulting companies on the market. Today, this American company comprises more than 70 experts working with both startups and large enterprises, such as McDonald's. BCT Consulting’s expertise includes IT, web and mobile development, maintenance, accessibility, and structured cabling. The company’s major targets are Retail, Technologies and Hospitality industries. 10. Itransition Itransition is one of the front-runners among IT consulting companies around the world. Since it was established in 1998, the company has been recognized by numerous industry ranking bodies, including as one of the fastest growing and most successful private companies of the USA by Inc. Magazine. With a team of 2,000+ specialists, Itransition is an expert in technology consulting, software engineering, UX design, QA, and DevOps. Operating from their offices in the US, UK, Poland, and Belarus, they have successfully completed 1,500+ projects for a number of clients, including such enterprises as adidas, Toyota, and Expedia. Working with startups, mid-size companies, and Fortune 500 leaders, Itransition has served such industries as Media, Retail, Manufacturing, Healthcare and more. Other technology consulting companies to keep an eye on in 2020: 11. McKinsey & Company The oldest consulting company on the list, McKinsey is almost 100 years old. Since it was established in 1926, McKinsey has been focusing on providing consulting services of the highest quality to clients in the US and abroad. With 30,000 team members, the company operates in 130 cities on six continents. McKinsey & Company’s expertise comprises design, analytics, strategy, transformation, marketing and sales, and other services. The company works mostly with Electronics, Chemicals, Healthcare, Automotive, and Agriculture domains. 12. BairesDev BairesDev was founded in 2009 by a devoted team inspired by the lack of professional IT services on the Latin American market. As a result, it became one of the top IT consulting companies with a team of more than 1,000 experts. The company has offices in Brazil, Mexico, Argentina, Colombia, Spain, and the USA. The services provided by BairesDev include cloud computing, QA, blockchain consulting, IoT, data analytics, and software development. Among their major targets are Finance, Healthcare, Manufacturing and Telecommunications industries, though the company has rich experience in working in many other domains. The most notable clients of BairesDev are Univision, Rolls-Royce, and Instructure. 13. Trigent Software A 25-years-company, Trigent is one of the leading IT consulting companies in the USA. The services provided by the company include digital transformation, QA, cloud solutions, software engineering, data analytics, and AI. With offices in the US and India, Trigent has developed more than 400 products for companies around the globe. The most renowned names on their client list are Oracle, Navistar, Aon, and eBags. Trigent’s major targets are Finance, Education, Manufacturing, Transportation and Healthcare industries. 14. Sykes Sykes is an IT consulting company that was founded in 1977 to become one of the leaders in the area, with representatives in 23 countries, including the US, UK, Brazil, Canada, India, and China. Though having experience with various types of clients, today Sykes focuses primarily on Global 2000 companies. The industries they serve include Communications, Travel, Insurance, Finance, and other. Sykes provides solutions in such areas as human resource management, customer experience, sales, and brand extension. In particular, these are risk management, AI, data analytics, social media, and customer acquisition solutions. 15. Sitel Sitel was established in 1985 and has grown into a team of 75,000 devoted experts since. The company has offices in 27 countries, including the US, Brazil, and Australia, from where they deliver high-quality IT solutions to clients from 70 countries. Sitel delivers digital, technology, training and consulting solutions. The latter mostly comprise customer experience consulting. The company has been providing its solutions to a number of enterprises, L'Oréal, PayPal and HSBC among them. 16. Attract Group Attract Group is a Ukrainian IT company founded in 2011. Throughout these nine years, Attract Group has been growing and evolving, employing more technologies, and has become a leading B2B company in Ukraine. The company specializes in software development, marketing, DevOps, UX design, QA, and project management. Attract Group works mostly with startups and mid-size businesses, focusing on Finance, Retail and Education industries. 17. Neebal Neebal is one of the top IT consulting companies on the local market. With offices in the US, India, and Australia, Neebal serves businesses from around the globe, which are mostly startups and mid-size companies. The company’s major targets are Finance, Information Technologies and Healthcare domains. The team of more than 60 experts provides cloud migration services, IoT consulting, blockchain and AI chatbot development among their services. In addition to this, Neebal offers their proprietary platforms that automate planning, management, and data analytics. 18. EPAM Established in Belarus in 1993, EPAM has evolved from a team of three young tech geeks into an international IT company with 36,000 professionals on board. With offices in the US, Canada, China, France, and 20+ other countries, EPAM delivers high-quality IT solutions to all kinds of clients, from startups to Fortune 1000 companies. EPAM’s services include design, software engineering, and consulting, which comprises automation, cloud transformation, agile development, pricing strategy, and other solutions. The company is experienced in helping businesses in many industries, but focuses mostly on Finance, Telecommunications, and Retail. 19. Luxoft Luxoft is sure to be mentioned among the best technology consulting companies due to the exceptional quality of the services they have been delivering since the company’s establishment in 2000. Operating in 15+ countries, including the US, Russia, Australia, and China, the number of the company's employees exceeds 12,900. Among the services provided by Luxoft are digital strategy development, engineering, and consulting on data analytics, software development, and technology implementation. The company focuses on Automotive, Travel and Energy domains. 20. Brennan IT Brennan IT was founded in Melbourne in 1997 to become one of the leading IT companies in Australia. Brennan IT specializes in working with mid-size companies and enterprises, mostly in Hospitality, Finance, Health and Manufacturing industries. The company delivers data-related solutions, security and cloud services, and helps enterprises with software deployment. 21. KitelyTech Established in the US in 2009, KitelyTech is a consulting, design and development company specializing in software development, QA, data analytics, AI, blockchain development, and graphic design. KitelyTech operates in five US cities: Detroit, Austin, New York, Phoenix, and Charlotte. The company’s major targets are Healthcare, Retail and IT industries. Their customers range from startups to Fortune 500 companies. 22. DLabs Started as a project aimed at helping people with diabetes, DLabs has grown into a company specializing in data science, machine learning, and AI. Since it was officially launched in Poland in 2015, the company has grown to employ 20 data science and AI experts. The services provided by DLabs include AI-related solutions, from consulting to AI-powered software engineering. The company works with startups, mid-size companies and enterprises, aiming at Marketing, Healthcare and Finance industries. 23. MicroscopeIT MicroscopeIT is a Polish data-oriented company established in Wroclaw in 2011. Since then, their small but devoted team has served a number of startups and mid-size companies in Healthcare and Finance industries. The company specializes in computer vision, machine learning, and image analysis. MicroscopeIT also provides a proprietary platform, developed to collect, process and manage data and automate all data-related business processes. 24. PSL Corp. PSL deserves to be mentioned among top IT consulting companies for the high quality of IT services they have been providing since 1986. Operating in the US, Colombia, and Mexico, the company has delivered more than 1,200 projects from clients around the globe. The services provided by PSL include DevOps, blockchain and cloud technologies, UX design, data analytics, and AI-based solutions. The company works with mid-size firms and enterprises, primarily in Government, Insurance, Financial and Law Enforcement sectors. 25. Alorica A 20-years company present in Europe, North and South America, and Asia, Alorica is an IT consulting company with more than 100,000 employees on board. The company provides services in analytics and finance, customer experience management, and healthcare customer service solutions. Healthcare is one of the major industries Alorica focuses on, alongside Telecommunications, Retail, and Finance. The company works with mid-size businesses and enterprises—70% of their clientele are Fortune 500 companies. 26. Alight Alight is a company specializing in wealth, health and HCM solutions, and financial management. They have offices in the US, Canada, Australia, India, Hong Kong, and seven other countries, where Alight has worked with 3,200+ clients in total throughout 25 years of their existence. Alight helps companies deploy navigation, management, administration, and cloud technologies. Their client list comprises both startups and enterprises, with focus on the latter, especially in Healthcare and Public Sector domains. 27. ValueCoders This is an Indian IT outsourcing company helping businesses to evolve since 2004. With a team of 450 experts located in the US, UK, India, and Australia, the company has successfully served 2,500 customers, providing solutions related to blockchain technology, AI, digital transformation, and IoT. From startups to enterprises, ValueCoders works with various types of companies. The list of the company’s clients includes such well-known names as UNESCO, Capgemini, and Thomson Reuters. ValueCoders’ major targets are Healthcare, Education, Travel and Retail industries. 28. Basefarm One of the leading European IT consulting companies, Basefarm provides their services to clients from around the world. Since it was founded in 2000, the company has launched offices in the UK, Switzerland, Spain, Austria, France, Germany and six other countries. Today, the Basefarm team includes 550+ professionals. Basefarm’s expertise comprises data analytics, cloud technologies, security and management services. They focus mostly on Finance, Retail and Public Sector domains. 29. 3i International 3i International is a US company launched in 2000. With a team of more than 70 experts, the company provides IT consulting and support in such domains as security, cloud and VoIP services, business continuity and management. 3i International focuses on Architecture, Hospitality and Finance industries above others. The company works primarily with startups and mid-size companies. 30. SADA Systems Another IT consulting company founded in 2000, SADA specializes in cloud solutions and IT strategy consulting for mid-size companies and large enterprises. The services provided by the company include infrastructure modernization, application development, asset management, and managed cloud services. Their major targets are Healthcare, Education and Entertainment industries.

THOMSON REUTERS CORP

thomsonreuters.com

10K+ employees

Since 1977

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THOMSON REUTERS CORP

EVERGREEN INDEX #10474

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THOMSON REUTERS CORP

thomsonreuters.com

10K+ employees

Since 1977

COMPANY RANKING

THOMSON REUTERS CORP

EVERGREEN INDEX #10474

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