NEW YORK & BOSTON--(BUSINESS WIRE)--American Banker and Bank Technology News, SourceMedia’s leading publications for banking and financial services professionals, and IDC Financial Insights, a leading provider of independent research and advisory services focusing on the business, technology and operational issues in financial services, released the eighth annual FinTech 100 rankings of the top global technology providers to the financial services industry.
Despite the impact of ongoing challenges within the global economy, this year’s top 100 financial technology firms’ revenues grew to a collective $58.1 billion, an almost 10 percent increase from 2009 to 2010. Some additional noteworthy highlights from this year’s ranking include:
- Revenues from the ranked companies overall increased from the previous year, and the minimum revenue required to make the list hovered just above $39 million;
- Ten new entrants appear in this year’s ranking (vs. only six last year): Wincor Nixdorf (#11), Core Logic (#16), Aegis Global Communications (#51), ISGN Corporation (#68), Clear2Pay (#81), Sorto Corp. (#91), BancVue (#95), Multifonds (#96), FNC, Inc. (#98), and Novantas, LLC (#100).
- Davis + Henderson represents the largest positive movement on the list, jumping 23 spots from 64 (2010) to 41 (2011);
- As predicted last year, FIS has passed 2010’s #1 ranked company, Fiserv, to claim the top spot in this year’s ranking; and
- Companies from 16 different countries are represented. U.S.-based companies continue to dominate the list, with India leading the pack among other nations with 10 entrants on this year’s ranking.
“It is encouraging to see that so many vendors in the financial industry performed well in spite of the troubled economy in this country,” said Penny Crosman, editor of Bank Technology News. “These companies are nimbly adapting their company and product strategies to meet changing demands.”
“The financial services industry remains in a precarious place with the global economy at another tipping point and regulatory and compliance concerns at an all time high,” said Karen Massey, senior analyst, banking practice at IDC Financial Insights. “However, the FinTech 100 gives us the industry-leading providers of the most innovative, efficient, and effective technology solutions to financial institutions, and they are performing quite well in this very difficult era.”
The 2011 ranking of the top 100 software and service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY10) and the percentage of revenues from sales to financial services industry clients. The ranking 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. All rankings are based on IDC Financial Insights’ revenue estimates including information provided by more than 400 individual public and private companies.
The 2011 honorees will be formally recognized at an awards ceremony and breakfast briefing at the BAI Retail Delivery 2011 conference in Chicago. The featured keynote speaker at the ceremony will be Zahid Afzal, EVP and CIO of Huntington Bancshares.
Vendors included in the 2011 FinTech 100 rankings are as follows:
| 1. Fidelity Information Services | USA | |||
| 2. Fiserv | USA | |||
| 3. Tata Consultancy Services Limited (TCS) | India | |||
| 4. Sungard | USA | |||
| 5. NCR Corporation | USA | |||
| 6. Diebold, Inc. | USA | |||
| 7. Lender Processing Services | USA | |||
| 8. First Data Corporation | USA | |||
| 9. Nomura Research Institute | Japan | |||
| 10. Infosys Technologies, Ltd. | India | |||
| 11. Wincor Nixdorf Inc. | Germany | |||
| 12. Cognizant Technology Solutions | USA | |||
| 13. Total System Services (TSYS) | USA | |||
| 14. CA (Computer Associates) | USA | |||
| 15. DST Systems | USA | |||
| 16. CoreLogic | USA | |||
| 17. SAS Institute | USA | |||
| 18. Jack Henry & Associates, Inc. | USA | |||
| 19. Equifax | USA | |||
| 20. Oberthur Card Systems S.A. | France | |||
| 21. Broadridge Financial Solutions, Inc. | USA | |||
| 22. EDB Business Partner ASA | Norway | |||
| 23. Mphasis Limited | India | |||
| 24. Experian Group Limited | Ireland | |||
| 25. Temenos Group AG | Switzerland | |||
| 26. IPC Information Systems, Ltd. | USA | |||
| 27. FICO | USA | |||
| 28. Murex SA | France | |||
| 29. Itautec | Brazil | |||
| 30. Fidessa | United Kingdom | |||
| 31. Misys | United Kingdom | |||
| 32. SynTel | USA | |||
| 33. Open Solutions Inc. | USA | |||
| 34. ACI Worldwide | USA | |||
| 35. Hypercom Corp. | USA | |||
| 36. Ingenico S.A. | France | |||
| 37. SS&C Technologies, Inc. | USA | |||
| 38. Polaris Software Lab Ltd. | India | |||
| 39. CPM Braxis | Brazil | |||
| 40. Patni Computer Systems Ltd. | India | |||
| 41. Davis + Henderson | Canada | |||
| 42. Advent Software, Inc. | USA | |||
| 43. Harland Financial Solutions | USA | |||
| 44. Moody’s Analytics | USA | |||
| 45. TransFirst Holdings, Inc. | USA | |||
| 46. 3i Infotech | India | |||
| 47. Simcorp | Denmark | |||
| 48. Wolters Kluwer Financial Services | USA | |||
| 49. GFT Technologies AG | Germany | |||
| 50. S1 | USA | |||
| 51. Aegis Global Communications | USA | |||
| 52. Ness Technologies | USA | |||
| 53. GlobeOp Financial Services | United Kingdom | |||
| 54. L&T Infotech | USA | |||
| 55. Charles River Development | USA | |||
| 56. Headstrong Corporation | USA | |||
| 57. Linedata Services S.A. | France | |||
| 58. Collabera | USA | |||
| 59. BancTec | USA | |||
| 60. DealerTrack Holdings | USA | |||
| 61. Calypso Technology | USA | |||
| 62. Online Resources Corporation | USA | |||
| 63. Interactive Data Corporation | USA | |||
| 64. FundTech, Ltd. | USA | |||
| 65. Algorithmics | Canada | |||
| 66. iGATE Global Solutions Limited | India | |||
| 67. Pegasystems | USA | |||
| 68. ISGN Corporation | USA | |||
| 69. ERI Bancaire SA | Switzerland | |||
| 70. Six Card Solutions Ltd. | Switzerland | |||
| 71. NICE Actimize | USA | |||
| 72. Hundsun Technologies Inc. | China | |||
| 73. Bravura Solutions Limited | Australia | |||
| 74. OpenLink | USA | |||
| 75. SmartStream | United Kingdom | |||
| 76. Sophis | United Kingdom | |||
| 77. Viewpointe | USA | |||
| 78. Eagle Investment Systems LLC | USA | |||
| 79. Virtusa Corporation | USA | |||
| 80. Luxoft | Russia | |||
| 81. Clear2Pay | Belgium | |||
| 82. Callatay and Wouters | Belgium | |||
| 83. Bottomline Technologies | USA | |||
| 84. Hexaware Technologies | India | |||
| 85. Odyssey Financial Technologies | Switzerland | |||
| 86. Vasco Data Security | USA | |||
| 87. Celero Solutions Inc. | Canada | |||
| 88. Aurionpro solutions ltd | India | |||
| 89. Investment Technology Group | USA | |||
| 90. COCC | USA | |||
| 91. Scorto Corp. | USA | |||
| 92. Nucleus Software | India | |||
| 93. FRS Global | Belgium | |||
| 94. Eze Castle Integration | USA | |||
| 95. BancVue | USA | |||
| 96. Multifonds | Luxembourg | |||
| 97. Wausau Financial Solutions | USA | |||
| 98. FNC, Inc. | USA | |||
| 99. Financial Technologies (I) Ltd | India | |||
| 100. Novantas, llc | USA |
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 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 issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology.
Bank Technology News is written for 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, 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 is a leading independent and global provider of research-based advisory and consulting services that enable financial services industry executives to maximize the business value of their technology investments; minimize technology risk through accurate planning; benchmark themselves against industry peers; adopt industry best practices and drive technology-enabled business innovation. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. IDC is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-fi.com, email info@idc-fi.com or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-insights-community.com/financial
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 with a focus in the financial industry. The Atlanta-based agency represents companies throughout North America and Europe. For more information, please visit http://www.williammills.com/ or call Mr. Kelly Williams at (678) 781-7202.