Fifth Annual FinTech 100 Rankings Released by American Banker and Financial Insights ; Change at number one and expanding international presence included in this year’s listing
NEW YORK, NY - November 13, 2008 - American Banker, SourceMedia’s flagship publication for banking and financial services professionals, and Financial Insights, an independent research services firm and an IDC Company, today released the fifth annual FinTech 100 rankings of the top technology providers to the financial services industry worldwide.
This year’s FinTech 100 listing presents valuable insight into where financial institutions are investing technology dollars in a challenging economic climate and which vendors are continuing to thrive in the marketplace. Some highlights from this year’s report include:
* Fiserv (NYSE: FISV) returns to the number one spot and is once again the largest provider of technology to the financial services industry;
* India-based companies are more prominent on the list. This year, there are five;
* Hundsun Technologies Inc. and Yucheng Technologies Limited are the first Chinese companies to make the list; and
* Luxoft is the first Russian company to make the list.
Vendors included in the fifth annual FinTech 100 rankings are as follows:
1. Fiserv, Brookfield, Wis., www.fiserv.com
2. Fidelity National Information Services, Jacksonville, Fla., www.fnf.com
3. SunGard, Wayne, Pa., www.sungard.com
4. Diebold, North Canton, Ohio, www.diebold.com
5. NCR, Dayton, Ohio, www.ncr.com
6. Tata Consultancy Services (TCS), Mumbai, www.tcs.com
7. First Data Corporation, Greenwood Village, Colo., www.firstdata.com
8. CA (Computer Associates), Islandia, N.Y., www.ca.com
9. Total System Services, Inc., (TSYS), Columbus, Ga., www.tsys.com
10. Metavante Corporation, Milwaukee, Wis., www.metavante.com
11. DST Systems, Kansas City, Mo., www.dstsystems.com
12. Cognizant, Teaneck, N.J., www.cognizant.com
13. SAS Institute, Cary, N.C., www.sas.com
14. Experian Group, Ltd., Dublin, Ireland, www.experian.com
15. Jack Henry & Associates, Inc., Monett, Mo., www.jackhenry.com
16. Equifax, Atlanta, www.equifax.com
17. ChoicePoint, Alpharetta, Ga., www.choicepointinc.com
18. Broadridge Financial Solutions, Inc., Lake Success, N.Y., www.broadridge.com
19. Fair Isaac Corporation, Minneapolis, www.fairisaac.com
20. Oberthur Card Systems S.A., Paris, www.oberthurcs.com
21. Misys, London, www.misys.com
22. IPC Information Systems, Ltd., New York, www.ipc.com
23. Open Solutions Inc., Glastonbury, Conn., www.opensolutions.com
24. EDB Business Partner AS, Oslo, Norway, www.edb.com
25. Ingenico S.A., Puteaux, France, www.ingenico.com
26. Itautec, São Paulo, www.itautec.com.br
27. ACI Worldwide, New York, www.aciworldwide.com
28. Temenos Group AG, Geneva, www.temenos.com
29. Harland Financial Solutions, Lake Mary, Fla., www.harlandfs.com
30. Murex S.A., Paris, www.murex.com
31. TransFirst Holdings Inc., Dallas, www.transfirst.com
32. GL Trade, Paris, www.gltrade.fr
33. Hypercom Corporation, Phoenix, www.hypercom.com
34. OMX AB, Stockholm, www.omxgroup.com
35. Patni Computer Systems, Ltd., Cambridge, Mass., www.patni.com
36. SS&C Technologies, Inc., Windsor, Conn., www.sscinc.com
37. Wolters Kluwer Financial Services, Minneapolis, Minn., www.wolterskluwer.com
38. Polaris Software Lab Ltd., Chennai, India, www.polaris.co.in
39 MphasiS Corporation (EDS), New York and Bangalore, www.mphasis.com
40. Syntel, Troy, Mich., www.syntelinc.com
41. GFT Technologies AG, Stuttgart, Germany, www.gft.com
42. Linedata Services S.A., Rueil-Malmaison, France, www.linedata.com
43. Politec, Brasilia, Brazil, www.politec.com.br
44. Advent Software, San Francisco, www.advent.com
45. SimCorp, Copenhagen, www.simcorp.com
46. Resolve, Corp., Toronto, www.resolve.com
47. Ness Technologies, Hackensack, N.J., www.ness.com
48. Headstrong Corporation, Fairfax, Va., www.headstrong.com
49. S1, Norcross, Ga., www.s1.com
50. Fidessa, London, www.fidessa.com
51. GlobeOp Financial Services, London, www.globeop.com
52. DealerTrack Holdings, Inc., Lake Success, N.Y., www.dealertrack.com
53. Moody's KMV (Moody’s Corporation), New York, www.moodyskmv.com
54. Firstsource Solutions Ltd., Mumbai, www.firstsource.com
55. Algorithmics Inc., Toronto, www.algorithmics.com
56. Zenta, New York, www.zenta.com
57. Online Resources Corporation, Chantilly, Va., www.orcc.com
58. Interactive Data Corporation, Bedford, Mass., www.interactivedata.com
59. Charles River Development, Burlington, Mass., www.crd.com
60. Chordiant Software, Cupertino, Calif., www.chordiant.com
61. Wall Street Systems, New York and London, www.wallstreetsystems.com
62. Odyssey Financial Technologies, Prilly, Switzerland, www.odyssey-group.com
63. Avaloq, Zurich, www.avaloq.com
64. Bravura Solutions Limited, Sydney, Australia, www.bravurasolutions.com
65. iGATE Global Solutions Limited, Bangalore, www.igate.com
66. FundTech, Ltd., Jersey City, N.J., www.fundtech.com
67. CPM Braxis, Sao Paulo, www.cpmbraxis.com
68. Calypso Technology, Inc., San Francisco, www.calypso.com
69. Vasco Data Security, Oakbrook Terrace, Ill., www.vasco.com
70. Viewpointe, New York, www.viewpointe.com
71. ERI Bancaire SA, Geneva, www.eri.ch
72.(a) Pegasystems, Cambridge, Mass., www.pega.com
72.(a) SmartStream, London, www.smartstream-stp.com
74. Wausau Financial Systems, Mosinee, Wis., www.wausaufs.com/
75. Investment Technology Group, Inc., New York, www.itg.com
76. OpenLink, New York, www.olf.com
77. ORC Software AB, Stockholm, www.orcsoftware.com
78.(a) Callatay & Wouters, Brussels, www.callatay-wouters.com
78.(a) Hundsun Technologies, Inc., Hangzhou, China, www.hundsun.com
80. Viveo, Paris, www.viveo.com
81. Sophis, London, www.sophis.net
82. Actuate Corporation, San Mateo, Calif., www.actuate.com
83. Eagle Investment Systems LLC, West Hartford, Conn., www.eagleinvsys.com
84. Yucheng Technologies Limited, Beijing, www.yuchengtech.com
85. Fermat, Brussels, www.fermat.eu
86. Callidus Software, Inc., San Jose, Calif., www.callidussoftware.com
87.(a) COCC, Avon, Conn., www.cocc.com
87.(a) Goldleaf Financial Solutions, Inc., Brentwood, Tenn., www.goldleaf.com
89. Argo Data Resource Corporation, Richardson, Texas, www.argodata.com
90.(a) Bottomline Technologies, Portsmouth, N.H., www.bottomline.com
90.(a) Automated Financial Systems, Inc. (AFS), Exton, Pa., www.afsvision.com
92. Celero Solutions Inc., Calgary, www.celero.ca
93. Eze Castle Integration, Boston, www.eci.com
94. Luxoft, Moscow, www.luxoft.com
95. Norkom Technologies, Dublin and Boston, www.norkom.com
96. Virtusa Corporation, Westborough, Mass., www.virtusa.com
97. Hyland Software, Inc., Westlake, Ohio, www.onbase.com
98. Unica Corporation, Waltham, Mass., www.unica.com
99. Benchmark Technology Group, Alpharetta, Ga., www.benchmark-us.com
100. Finantix, Venice, www.finantix.com
(a) Tied
“With each year’s iteration, the FinTech 100 gains in impact and influence,” said David Longobardi, chief content officer for SourceMedia. “The rankings give financial institutions a unique perspective on a cohort of companies that are vital to their success.”
“Even during these turbulent times, there are some bright spots within the industry for the FinTech providers,” said Jeanne Capachin, research vice president of global banking and insurance for Financial Insights. “Regulatory change typically spurs investment in areas such as analytics, reporting, document management and core systems. Interestingly, the revenue required to qualify and place on the FinTech 100 list for 2008 has increased from US$16M (in 2003) to US$36M (in 2008), showing steady growth in this global, yet challenging, marketplace.”
The 2008 ranking of the top 100 application/service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY07) 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 2008 honorees will be honored at the BAI Retail Delivery Conference & Expo in Orlando at an awards breakfast on November 17 at the Peabody Orlando. To attend the breakfast, register online at www.AmericanBanker.com/fintech100rsvp.
To obtain a complete copy of the report, please visit either company’s website at: www.financial-insights.com/fintech or http://www.AmericanBanker.com/fintech100.
About American Banker and SourceMedia, Inc.
American Banker, www.AmericanBanker.com, is the financial services industry’s premier 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.
SourceMedia provides market information, including news, analysis, and insight to the financial services and related industries such as professional services and technology, through its publications, industry-standard data applications, seminars and conferences.
About Financial Insights, an IDC Company
Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company. Visit www.financial-insights.com for more information.
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.
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For more information, please contact:
Deborah Stark
dstark@financial-insights.com
(508) 935-4318
Scott Mills
scott@williammills.com
(678) 781-7201