St. Petersburg, Fla. (Sept. 9, 2024) – Velera – formerly PSCU/Co-op Solutions, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider – is pleased to announce it was listed as a 2024 IDC FinTech Rankings Top 25 solution provider. The elite list features the technology companies from around the globe that are focused on providing solutions to the financial services and fintech industries.

“It is an absolute honor to be included in the top ranks of financial technology companies worldwide that are dedicated to serving the financial services industry,” said Chuck Fagan, president and CEO of Velera. “At Velera, we are committed to providing the technology, solutions and services that credit unions need to grow and succeed in today’s evolving digital economy. This recognition is a tangible indication that we are continuing to advance toward our ultimate goal of driving momentum for credit union missions across the country.”

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, embracing and integrating innovative technology effectively to enhance the customer experience and achieve operational excellence. Velera and the other organizations featured on the IDC FinTech Rankings Top 25 represent those organizations committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world.

“At IDC, we continue to recognize the importance technology providers have in helping the global financial services industry meet their clients’ needs,” said Marc DeCastro, research director at IDC. “The technology companies on this list provide the innovation necessary to keep financial services at the forefront of providing modern digital experiences across all aspects of a customer’s financial journey.”

To view the full 2024 IDC FinTech Rankings Top 100 list and a comprehensive report about the year's findings, visit idc.com/research/industry/fintech-rankings.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com.

About Velera

Velera, formerly PSCU/Co-op Solutions, is the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365 member support via its contact centers. For more information, visit velera.com.