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American Banker, Bank Technology News and IDC Financial Insights Release 2009 FinTech 100 Rankings


Changes within the top ten and increased international presence in sixth annual ranking

NEW YORK, October 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:

1. Fiserv Brookfield, Wis., USA

2. Sungard Wayne, Penn., USA

3. Fidelity Information Services Jacksonville, Fla., USA

4. Diebold, Incorporated North Canton, Ohio, USA

5. NCR Corporation Dayton, Ohio, USA

6. Tata Consultancy Services Limited (TCS) Mumbai, Maharashtra, India

7. First Data Corporation Greenwood Village, Colo., USA

8. Total System Services, Inc. (TSYS) Columbus, Ga., USA

9. Lender Processing Services Jacksonville, Fla., USA

10. Metavante Technologies, Inc. Milwaukee, Wis., USA

11. Infosys Technologies, Ltd. Bangalore, Karnataka, India

12. CA (Computer Associates) Islandia, N.Y., USA

13. Cognizant Technology Solutions Teaneck, N.J., USA

14. DST Systems Kansas City, Mo., USA

15. Experian Group Limited Dublin, Ireland

16. SAS Institute Cary, N.C., USA

17. Equifax Atlanta, Ga., USA

18. Jack Henry and Associates, Inc. Monett, Mo., USA

19. Oberthur Card Systems S.A. Nanterre, France

20. Broadridge Financial Solutions, Inc. Lake Success, N.Y., USA

21. Ingenico S.A. Puteaux Cedex, France

22. FICO Minneapolis, Minn., USA

23. Open Solutions Inc. Glastonbury, Conn., USA

24. Itautec São Paulo, Brazil

25. EDB Business Partner ASA Oslo, Norway

26. Temenos Group AG Geneva, Switzerland

27. Hypercom Corporation Scottsdale, Ariz., USA

28. ACI Worldwide New York, N.Y., USA

29. Murex SA Paris, France

30. Misys London, UK

31. IPC Information Systems, Ltd. New York, N.Y., USA

32. 3i Infotech Mumbai, Maharashtra, India

33. CPM Braxis São Paulo, Brazil

34. Syntel Troy, Mich., USA

35. Harland Financial Solutions Lake Mary, Fla., USA

36. SS&C Technologies, Inc. Windsor, Conn., USA

37. Mphasis Corporation (EDS) Bangalore, India

38. TransFirst Holdings, Inc. Dallas, Texas, USA

39. Polaris Software Lab Ltd. Chennai, Tamil Nadu, India

40. Patni Computer Systems Ltd. Mumbai, Maharashtra, India

41. Advent Software, Inc. San Francisco, Calif., USA

42. Wolters Kluwer Financial Services Minneapolis, Minn., USA

43. Simcorp Copenhagen, Denmark

44. GFT Technologies AG St. Georgen, Germany

45. Ness Technologies Canonsburg, Penn., USA

46. Linedata Services S.A. Rueil-Malmaison, France

47. Resolve Corporation Toronto, Ontario, Canada

48. Fidessa London, UK

49. BancTec Irving, Texas, USA

50. S1 Norcross, Ga., USA

51. GlobeOp Financial Services London, UK

52. Headstrong Corporation Fairfax, Va., USA

53. Firstsource Solutions Limited Mumbai, Maharashtra, India

54. DealerTrack Holdings Lake Success, N.Y., USA

55. Charles River Development Burlington, Mass., USA

56. Algorithmics Toronto, Ontario, Canada

57. Politec São Paulo, Brazil

58. Avaloq Zurich, Switzerland

59. Interactive Data Corporation Bedford, Mass., USA

60. Wall Street Systems New York, N.Y., USA

61. Calypso Technology San Francisco, Calif., USA

62. Longtop Financial Technologies Ltd. Beijing, China

63. Pegasystems Cambridge, Mass., USA

64. Bravura Solutions Limited Sydney, Australia

65. FundTech, Ltd. Jersey City, N.J., USA

66. Collabera Morristown, N.J., USA

67. iGATE Global Solutions Limited Bangalore, Karnataka, India

68. OpenLink New York, N.Y., USA

69. Mastek Mumbai, India

70. Sophis London, UK

71. Vasco Data Security Oakbrook Terrace, Ill., USA

72. ERI Bancaire SA Zurich, Switzerland

73.Chordiant Software, Inc. Cupertino, Calif., USA

74. Odyssey Financial Technologies Prilly, Switzerland

75. Online Resources Corporation Chantilly, Va., USA

76. Eagle Investment Systems LLC West Hartford, Conn., USA

77. Viewpointe New York, N.Y., USA

78. TAS Group Bologna, Italy

79. Diamond Management & Technology Consultant Chicago, Ill., USA

80. Callatay and Wouters Brussels, Belgium

81. SmartStream London, UK

82. Investment Technology Group New York, N.Y., USA

83. ORC Software AB Stockholm, Sweden

84. Goldleaf Financial Solutions, Inc. Norcross, Ga., USA

85. Nucleus Software Noida, Uttar Pradesh, India

86. Wausau Financial Systems Mosinee, Wis., USA

87. Hyland Software, Inc. Westlake, Ohio, USA

88. Actuate Corporation San Mateo, Calif., USA

89. Hundsun Technologies Inc. Hangzhou, China

90. Viveo Paris, France

91. Eze Castle Integration Boston, Mass., USA

92. Panini Bologna, Italy

93. Callidus Software, Inc. San Jose, Calif., USA

94. AurionPro Solutions Mumbai, Maharashtra, India

95. COCC Avon, Conn., USA

96. FRS Global Stevens-Woluwe, Belgium

97. Norkom Technologies Dublin, Ireland

98. Yucheng Technologies Limited Beijing, China

99. Celero Solutions Inc. Calgary, Alberta, Canada

100. 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.

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For more information, please contact:


Sandra Collins
scollins@idc.com
508.988.6746

Anne O'Brien
anne.obrien@sourcemedia.com
212.803.8280

Scott Mills
scott@williammills.com
678.781.7201

 
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