New York, Oct. 29, 2009 -- American Banker and Bank Technology News, SourceMedia’s renowned publications for banking and financial services professionals, and IDC Financial Insights, an independent research services firm, today released the sixth annual FinTech 100 rankings of the top global technology providers to the financial services industry.
As the business environment within the financial services industry continues to be a challenging one, the FinTech 100 listing represents an insightful representation of where financial services companies are choosing to invest their technology dollars. Specific highlights from this year’s report include:
- Fiserv (NYSE: FISV) retains the number one spot as the largest provider of technology to the financial services industry;
- There are 41 companies on this year’s listed headquartered outside of North America;
- Representation from EMEA companies continues to be strong with 23 companies with combined revenues approaching $6 Billion;
- Three Chinese companies made list and include Hundson Technologies, Inc, Yucheng Technologies, Ltd and new this year Longtop Financial Technologies, Ltd.; and
- The number of Indian companies on the list continues to rise with 11 companies included representing combined revenue of more than $5 billion.
Vendors included in the 2009 FinTech 100 rankings are as follows:
- Fiserv, Brookfield, Wis., USA
- Sungard, Wayne, Penn., USA
- Fidelity Information Services, Jacksonville, Fla., USA
- Diebold, Incorporated, North Canton, Ohio, USA
- NCR Corporation, Dayton, Ohio, USA
- Tata Consultancy Services Limited (TCS), Mumbai, Maharashtra, India
- First Data Corporation, Greenwood Village, Colo., USA
- Total System Services, Inc. (TSYS), Columbus, Ga., USA
- Lender Processing Services, Jacksonville, Fla., USA
- Metavante Technologies, Inc., Milwaukee, Wis., USA
- Infosys Technologies, Ltd., Bangalore, Karnataka, India
- CA (Computer Associates), Islandia, N.Y., USA
- Cognizant Technology Solutions, Teaneck, N.J., USA
- DST Systems, Kansas City, Mo., USA
- Experian Group Limited, Dublin, Ireland
- SAS Institute, Cary, N.C., USA
- Equifax, Atlanta, Ga., USA
- Jack Henry and Associates, Inc., Monett, Mo., USA
- Oberthur Card Systems S.A., Nanterre, France
- Broadridge Financial Solutions, Inc., Lake Success, N.Y., USA
- Ingenico S.A., Puteaux Cedex, France
- FICO, Minneapolis, Minn., USA
- Open Solutions Inc., Glastonbury, Conn., USA
- Itautec, São Paulo, Brazil
- EDB Business Partner ASA, Oslo, Norway
- Temenos Group AG, Geneva, Switzerland
- Hypercom Corporation, Scottsdale, Ariz., USA
- ACI Worldwide, New York, N.Y., USA
- Murex SA, Paris, France
- Misys, London, UK
- IPC Information Systems, Ltd., New York, N.Y., USA
- 3i Infotech, Mumbai, Maharashtra, India
- CPM Braxis, São Paulo, Brazil
- Syntel, Troy, Mich., USA
- Harland Financial Solutions, Lake Mary, Fla., USA
- SS&C Technologies, Inc., Windsor, Conn., USA
- Mphasis Corporation (EDS), Bangalore, India
- TransFirst Holdings, Inc., Dallas, Texas, USA
- Polaris Software Lab Ltd., Chennai, Tamil Nadu, India
- Patni Computer Systems Ltd., Mumbai, Maharashtra, India
- Advent Software, Inc., San Francisco, Calif., USA
- Wolters Kluwer Financial Services, Minneapolis, Minn., USA
- Simcorp, Copenhagen, Denmark
- GFT Technologies AG, St. Georgen, Germany
- Ness Technologies, Canonsburg, Penn., USA
- Linedata Services S.A., Rueil-Malmaison, France
- Resolve Corporation, Toronto, Ontario, Canada
- Fidessa, London, UK
- BancTec, Irving, Texas, USA
- S1, Norcross, Ga., USA
- GlobeOp Financial Services, London, UK
- Headstrong Corporation, Fairfax, Va., USA
- Firstsource Solutions Limited, Mumbai, Maharashtra, India
- DealerTrack Holdings, Lake Success, N.Y., USA
- Charles River Development, Burlington, Mass., USA
- Algorithmics, Toronto, Ontario, Canada
- Politec, São Paulo, Brazil
- Avaloq, Zurich, Switzerland
- Interactive Data Corporation, Bedford, Mass., USA
- Wall Street Systems, New York, N.Y., USA
- Calypso Technology, San Francisco, Calif., USA
- Longtop Financial Technologies Ltd., Beijing, China
- Pegasystems, Cambridge, Mass., USA
- Bravura Solutions Limited, Sydney, Australia
- FundTech, Ltd., Jersey City, N.J., USA
- Collabera, Morristown, N.J., USA
- iGATE Global Solutions Limited, Bangalore, Karnataka, India
- OpenLink, New York, N.Y., USA
- Mastek, Mumbai, India
- Sophis, London, UK
- Vasco Data Security, Oakbrook Terrace, Ill., USA
- ERI Bancaire SA, Zurich,Switzerland
- Chordiant Software, Inc., Cupertino, Calif., USA
- Odyssey Financial Technologies, Prilly, Switzerland
- Online Resources Corporation, Chantilly, Va., USA
- Eagle Investment Systems LLC, West Hartford, Conn., USA
- Viewpointe, New York, N.Y., USA
- TAS Group, Bologna, Italy
- Diamond Management & Technology Consultant, Chicago, Ill., USA
- Callatay and Wouters, Brussels, Belgium
- SmartStream, London, UK
- Investment Technology Group, New York, N.Y., USA
- ORC Software AB, Stockholm, Sweden
- Goldleaf Financial Solutions, Inc., Norcross, Ga., USA
- Nucleus Software, Noida, Uttar Pradesh, India
- Wausau Financial Systems, Mosinee, Wis., USA
- Hyland Software, Inc., Westlake, Ohio, USA
- Actuate Corporation, San Mateo, Calif., USA
- Hundsun Technologies Inc., Hangzhou, China
- Viveo, Paris, France
- Eze Castle Integration, Boston, Mass., USA
- Panini, Bologna, Italy
- Callidus Software, Inc., San Jose, Calif., USA
- AurionPro Solutions, Mumbai, Maharashtra, India
- COCC, Avon, Conn., USA
- FRS Global, Stevens-Woluwe, Belgium
- Norkom Technologies, Dublin, Ireland
- Yucheng Technologies Limited, Beijing, China
- Celero Solutions Inc., Calgary, Alberta, Canada
- Argo Data Resource Corporation, Richardson, Texas, USA
“This year’s FinTech 100 list highlights banks’ `flight to quality,’ as they consolidate their technology spending with the industry’s largest and most established players,” said Rebecca Sausner, editor of Bank Technology News.
“The last 18 months has been challenged with the worst financial crisis and recession in generations,” said Dana Wiklund, research director, Risk Management, IDC Financial Insights. “One underlying positive is that technology innovation around financial services continues. The evidence for this is year-over-year growth in both aggregate FinTech 100 revenue ($52 Billion up from $45 Billion in 2008) and the minimum threshold for making the FinTech 100 list (up to $50 Million from $36 Million in 2008). Growth in the global participation further underscores the diversification of solutions throughout the industry.”
The 2009 ranking of the top 100 application/service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY08) and the percentage of revenues from sales to financial services industry clients. The FinTech 100 includes vendors that derive more than one-third of eligible revenue from the financial services industry. Revenue from network, telecommunications, electronic exchanges and data services providers is ineligible; therefore percentages less than 33% reflect these adjustments within the rankings. All rankings are based on Financial Insights’ revenue estimates including information provided by public and private companies. Financial Insights conducted analysis on more than 400 companies for this recognition.
The 2009 honorees will be honored at the BAI Retail Delivery Conference & Expo in Boston at an awards breakfast on November 4 at the Westin Boston Waterfront.
To obtain a complete copy of the report, please visit http://www.americanbanker.com/fintech100/
About American Banker, Bank Technology News and SourceMedia, Inc.
American Banker, (www.AmericanBanker.com ), is the banking industry’s daily source of information, news, and analysis for executives at banks of all sizes. Founded in 1836, with a current readership of more than 65,000, the publication covers topics including national and global banking issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology.
Bank Technology News (www.BankTechNews.com/ ) is written for 27,000 banking professionals who identify, recommend, purchase and support the front-, middle- and back-office technology needs across all business units of their financial institutions. Bank Technology News provides critical information and analysis on the relationship between banking strategy and technology execution.
SourceMedia (www.SourceMedia.com ), an Investcorp company, is the pre-eminent provider of timely and essential news, analysis, research, and insights for members of the financial services community, and the related fields of professional services and technology. SourceMedia offers its clients and subscribers professional publications, industry-standard data applications and in-depth seminars and conferences.
About IDC Financial Insights
IDC Financial Insights (www.financial-insights.com ) is one of the world’s leading providers of independent research, custom consulting, and advisory services focusing on the business, technology and operational issues, within the financial services community. We are the preferred research partner for over 250 of the world’s largest financial institutions and technology companies. For the past 6+ years we have been helping our clients understand and manage the challenges they face from a rapidly changing business, operational and technological environment. We proudly employ the industry’s most talented minds, which equip our clients with insights that they rely on and advice they trust. Furthermore, we are the only research firm that has a significant physical presence worldwide, with analyst community based in the America's, Asia Pacific and Europe.
About William Mills Agency
William Mills Agency was founded in 1977 and promotes companies that sell a variety of products or services in a number of highly specialized vertical markets. The Atlanta-based agency represents companies throughout North America and Europe. For more information, please visit www.williammills.com or call Mr. Kelly Williams at (678) 781-7202.
Source: Company press release.
