Innotech (part of T1 Holding Company) has secured the top position in the rating of major IT suppliers for the financial sector by revenue volume according to CNews.
The company's turnover increased more than threefold in 2022, resulting in a 227% growth by year-end. Innotech's revenue accounted for almost one-third of the combined turnover of the 50 companies listed in the ranking — 74 billion rubles. Simultaneously, the total revenue of the largest Russian IT suppliers in the financial sector increased by 9%, exceeding 259 billion rubles.
"The financial sector annually increases investments in technology, and there is a rapid growth in demand for import substitution projects in the Russian market. This trend, combined with the professionalism of the team, contributes to the positive dynamics of our business," comments Dmitry Kharitonov, the first deputy CEO of T1 Holding Company and CEO of Innotech. "Currently, domestic fintech surpasses other countries in the level of development and implementation of new solutions. We will continue to contribute to this and make a contribution to technological sovereignty by offering the industry the best import-independent IT solutions for digital infrastructure. Many of them later become cross-industry solutions demanded in other sectors."
The rating of the largest IT suppliers for the financial sector is compiled annually by CNews Analytics, an analytical center specializing in preparing ratings in information technology and telecommunications.