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 ninth annual FinTech 100 rankings of the top global technology providers to the financial services industry.
American Banker, Bank Technology News and IDC Financial Insights partner with the William Mills Agency for the FinTech 100 Rankings. William Mills Agency is available to help companies in all regions promote their ranking and get the most from the publicity at BAI's Retail Delivery as well as throughout the coming year.
Based on calendar year 2011 revenues, the FinTech 100 companies collectively grew their revenues from $53 billion in 2010 to $64 billion in 2011, almost a 20 percent increase. The industry is also seeing increased globalization with 40 percent of the FinTech 100 hailing from outside the U.S. Some additional noteworthy highlights from this year’s ranking include:
- Predominance of outsourcers and services providers: Almost 50 percent of FinTech ranked providers describe themselves as outsourcers or IT service providers;
- There are 14 new entrants to the FinTech 100. Genpact (N.Y.) #22; Computer Services Inc. (KY) #60; Simplex Consulting Inc. (Japan) #61; BRQ IT Services (Brazil) #65; NIIT Technologies Inc. (Ga.) #71; Silverlake Axis (Malaysia) #72; Carlisle & Gallagher Consulting Group (N.C.) #80; ARGO (Texas) #84; TransCentra Inc. (Ga.) #86; GBST Holdings Limited (Australia) #87; Diasoft (Russia) #88; TAS Group (Italy) #93; eFront S.A. (France) #95; and Primatics Financial (Va.) #99.
- Nine companies climbed ten or more spots in the ranking from 2010 to 2011. Six Payment Services of Switzerland jumped from #70 in 2010 to #46 in 2011; VASCO Data Security International rose 19 spots from #86 in 2010 to #67; Pegasystems achieved the #49 spot, up from #67 in 2010; Virtusa Corporation rose 15 spots from #79 to #64; Ingenico increased from #36 to #23; Misys jumped 12 spots from #31 to #19; Luxoft rose from #80 to #68; Fundtech grew from #64 to #53; and Financial Technologies jumped 10 spots from #99 to #89.
- The largest revenue increases came from Tata Consulting Services (TCS) and Cognizant, both IT services providers and outsourcers.
“It is encouraging to see so many new entrants to the FinTech 100 in today’s challenging financial environment,” said Penny Crosman, editor of Bank Technology News. “In this ninth year of the FinTech 100, we recognize technology providers that are growing their revenues, thereby demonstrating their success in effectively addressing the pertinent issues of financial institutions.”
“Technology is the backbone of financial services, enabling efficiency and driving innovation in products and services offered by financial institutions,” said Karen Massey, senior analyst, banking practice at IDC Financial Insights. “In today’s difficult financial environment, financial institutions are faced with business and regulatory challenges that require them to turn to leading technology consultants and providers for guidance and solutions. The FinTech 100 is an opportunity to highlight those technology providers that are tirelessly innovating to provide solutions that solve our industry's most pressing concerns.”
The 2012 ranking of the top 100 software and service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY11) 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.
Companies included in the 2012 FinTech 100 rankings are as follows:
Rank |
|
CY 2011 Revenue (Millions) |
|||||
2012 |
2011 |
Company Name |
|
Ownership |
Total |
Financial Services |
% FS |
1 |
1 |
FIS | Jacksonville, FL | Public | $5,746 |
$4,999 |
87% |
2 |
3 |
Tata Consultancy Services Limited (TCS) | Mumbai, India | Public | 9,767 |
4,250 |
44% |
3 |
2 |
Fiserv, Inc. | Brookfield, WI | Public | 4,337 |
4,120 |
95% |
4 |
4 |
SunGard | Wayne, PA | Private | 4,499 |
3,190 |
71% |
5 |
5 |
NCR Corporation | Duluth, GA | Public | 5,443 |
2,999 |
55% |
6 |
6 |
Diebold, Incorporated | North Canton, OH | Public | 2,836 |
2,639 |
93% |
7 |
8 |
First Data Corporation | Atlanta, GA | Private | 10,714 |
2,574 |
24% |
8 |
12 |
Cognizant Technology Solutions | Teaneck, NJ | Public | 6,121 |
2,518 |
41% |
9 |
9 |
Nomura Research Institute, Ltd. | Tokyo, Japan | Public | 4,109 |
2,489 |
61% |
10 |
10 |
Infosys Limited | Bangalore, India | Public | 6,825 |
2,418 |
35% |
11 |
7 |
Lender Processing Services | Jacksonville, FL | Public | 2,090 |
2,027 |
97% |
12 |
11 |
Wincor Nixdorf Inc. | Paderborn, Germany | Public | 2,983 |
1,969 |
66% |
13 |
13 |
Total System Services, Inc. (TSYS) | Columbus, Georgia | Public | 1,809 |
1,809 |
100% |
14 |
14 |
CA Technologies | Islandia, NY | Public | 4,754 |
1,807 |
38% |
15 |
15 |
DST Systems | Kansas City, MO | Public | 1,744 |
1,116 |
64% |
16 |
17 |
SAS Institute | Cary, NC | Private | 2,725 |
1,090 |
40% |
17 |
16 |
CoreLogic | Santa Ana, CA | Public | 1,339 |
1,030 |
77% |
18 |
18 |
Jack Henry & Associates, Inc. | Monett, MO | Public | 994 |
994 |
100% |
19 |
31 |
Misys | London, UK | Public | 897 |
897 |
100% |
20 |
19 |
Equifax | Atlanta, Georgia | Public | 1,960 |
804 |
41% |
21 |
22 |
EDB Ergo Group | Oslo, Norway | Public | 2,108 |
801 |
38% |
22 |
NR |
Genpact | New York, NY | Public | 1,600 |
669 |
42% |
23 |
36 |
Ingenico | Paris, France | Public | 1,300 |
611 |
47% |
24 |
21 |
Broadridge Financial Solutions, Inc. | Lake Success, NY | Public | 2,167 |
520 |
24% |
25 |
27 |
FICO | Minneapolis, MN | Public | 634 |
501 |
79% |
26 |
24 |
Experian Group Limited | Costa Mesa, CA | Public | 4,337 |
477 |
11% |
27 |
25 |
Temenos Group AG | Geneva, Switzerland | Public | 473 |
473 |
100% |
28 |
34 |
ACI Worldwide | Naples, FL | Public | 465 |
450 |
97% |
29 |
32 |
Syntel, Inc. | Troy, MI | Public | 642 |
450 |
70% |
30 |
30 |
Fidessa group PLC | London, UK | Public | 445 |
445 |
100% |
31 |
28 |
Murex | Paris, France | Private | 445 |
445 |
100% |
32 |
26 |
IPC Systems, Inc. | Jersey City, NJ | Private | 506 |
439 |
87% |
33 |
20 |
Oberthur Card Systems S.A. | Nanterre, France | Private | 1,185 |
415 |
35% |
34 |
29 |
Itautec S.A. | São Paulo, Brazil | Private | 923 |
401 |
43% |
35 |
41 |
Davis + Henderson | Toronto, Canada | Public | 733 |
390 |
53% |
36 |
33 |
Open Solutions Inc. | Glastonbury, CT | Private | 383 |
383 |
100% |
37 |
37 |
SS&C Technologies, Inc. | Windsor, CT | Public | 371 |
371 |
100% |
38 |
38 |
Polaris Financial Technologies | Chennai, India | Public | 372 |
365 |
98% |
39 |
48 |
Wolters Kluwer Financial Services | Minneapolis, MN | Public | 340 |
340 |
100% |
40 |
42 |
Advent Software, Inc. | San Francisco, CA | Public | 326 |
326 |
100% |
41 |
23 |
MphasiS (An HP Company) | Bangalore, India | Private | 913 |
326 |
36% |
42 |
44 |
Moody's Analytics | New York, NY | Public | 722 |
325 |
45% |
43 |
45 |
TransFirst Holdings, Inc | Broomfield, CO | Private | 865 |
311 |
36% |
44 |
43 |
Harland Financial Solutions | Lake Mary, FL | Private | 286 |
286 |
100% |
45 |
46 |
3i Infotech (Includes 3i Infotech Billing & Payments) | Mumbai, India | Public | 427 |
267 |
63% |
46 |
70 |
Six Payment Services | Zurich, Switzerland | Private | 424 |
265 |
64% |
47 |
47 |
SimCorp A/S | Copenhagen, Denmark | Public | 252 |
252 |
100% |
48 |
54 |
L&T Infotech | Mumbai, India | Private | 643 |
249 |
39% |
49 |
67 |
Pegasystems Inc. | Cambridge, MA | Public | 417 |
234 |
56% |
50 |
51 |
Aegis Global Communications | Irving, TX | Private | 700 |
231 |
33% |
51 |
49 |
GFT Technologies AG | Stuttgart, Germany | Public | 352 |
229 |
65% |
52 |
61 |
Calypso Technology | San Francisco, CA | Private | 220 |
216 |
98% |
53 |
64 |
Fundtech Ltd. | Jersey City, NJ | Private | 210 |
210 |
100% |
54 |
55 |
Charles River Development | Burlington, MA | Private | 208 |
208 |
100% |
55 |
58 |
Collabera | Morristown, NJ | Private | 441 |
205 |
46% |
56 |
52 |
Ness Technologies | Teaneck, NJ | Public | 569 |
193 |
34% |
57 |
53 |
GlobeOp Financial Services | London, UK | Public | 221 |
189 |
86% |
58 |
57 |
Linedata Services S.A. | Neuilly-sur-Seine, Paris | Public | 185 |
185 |
100% |
59 |
59 |
BancTec, Inc. | Irving, TX | Private | 254 |
178 |
70% |
60 |
NR |
Computer Services, Inc. | Paducah, KY | Public | 174 |
174 |
100% |
61 |
NR |
Simplex Consulting, Inc. | Chuo-ku, Japan | Private | 170 |
170 |
100% |
62 |
63 |
Interactive Data Corporation | Bedford, MA | Private | 868 |
156 |
18% |
63 |
62 |
Online Resources Corporation | Chantilly, VA | Public | 155 |
155 |
100% |
64 |
79 |
Virtusa Corporation | Westborough, MA | Public | 262 |
151 |
58% |
65 |
NR |
BRQ IT Services | Sao Paulo, Brazil | Private | 187 |
140 |
75% |
66 |
72 |
Hundsun Technologies INC | Hangzhou, China | Public | 166 |
140 |
84% |
67 |
86 |
VASCO Data Security International, Inc. | Oakbrook Terrace, Illinois | Public | 168 |
137 |
81% |
68 |
80 |
Luxoft | Moscow, Russia | Private | 252 |
128 |
51% |
69 |
74 |
Open Link Financial | Uniondale, NY | Private | 267 |
127 |
48% |
70 |
71 |
NICE Actimize | New York, NY | Public | 124 |
124 |
100% |
71 |
NR |
NIIT Technologies Inc | Atlanta, GA | Public | 311 |
121 |
39% |
72 |
NR |
Silverlake Axis | Kuala Lumpur, Malaysia | Public | 122 |
120 |
98% |
73 |
73 |
Bravura Solutions | Sydney, Australia | Public | 123 |
119 |
97% |
74 |
83 |
Bottomline Technologies | Portsmouth, NH | Public | 211 |
118 |
56% |
75 |
78 |
Eagle Investment Systems LLC | Wellesley, MA | Public | 115 |
115 |
100% |
76 |
81 |
Clear2Pay | Diegem, Belgium | Private | 111 |
111 |
100% |
77 |
75 |
SmartStream | London, UK | Private | 109 |
109 |
100% |
78 |
84 |
Hexaware Technologies Ltd. | Navi Mumbai, India | Private | 308 |
105 |
34% |
79 |
77 |
Viewpointe | New York, NY | Private | 100 |
100 |
100% |
80 |
NR |
Carlisle & Gallagher Consulting Group | Charlotte, NC | Private | 96 |
95 |
99% |
81 |
82 |
Callatay and Wouters | Brussels, Belgium | Public | 94 |
94 |
100% |
82 |
68 |
ISGN Corporation | Melbourne, FL | Private | 93 |
93 |
100% |
83 |
91 |
Scorto Corp. | Cupertino, CA | Private | 125 |
92 |
74% |
84 |
NR |
ARGO | Richardson, Texas | Private | 86 |
86 |
100% |
85 |
87 |
Celero Solutions Inc. | Calgary, Canada | Private | 81 |
81 |
100% |
86 |
NR |
TransCentra Inc. | Norcross, GA | Private | 161 |
81 |
50% |
87 |
NR |
GBST Holdings Limited | Milton, Australia | Public | 76 |
76 |
100% |
88 |
NR |
Diasoft | Moscow, Russia | Private | 76 |
75 |
99% |
89 |
99 |
Financial Technologies (I) Ltd | Mumbai, India | Public | 75 |
72 |
96% |
90 |
94 |
Eze Castle Integration | Boston, MA | Private | 70 |
70 |
100% |
91 |
90 |
COCC | Avon, CT | Private | 69 |
69 |
100% |
92 |
89 |
Investment Technology Group, Inc. | New York, NY | Public | 572 |
69 |
12% |
93 |
NR |
TAS Group | Roma, Italy | Public | 64 |
58 |
90% |
94 |
96 |
Multifonds | Luxembourg | Private | 51 |
51 |
100% |
95 |
NR |
eFront, S.A. | Paris, France | Private | 51 |
51 |
99% |
96 |
97 |
WAUSAU Financial Systems | Mosinee, WI | Private | 77 |
50 |
65% |
97 |
98 |
FNC, Inc. | Oxford, MS | Private | 50 |
50 |
100% |
98 |
92 |
Nucleus Software Exports Ltd. | Noida, India | Public | 49 |
49 |
100% |
99 |
NR |
Primatics Financial | McLean, VA | Private | 45 |
45 |
100% |
100 |
100 |
Novantas, llc | New York, NY | Private | 39 |
39 |
100% |
© American Banker/Bank Technology News/Financial Insights FinTech 100 (2012)
2012 top 25 enterprise companies in FinTech:
2012 |
2011 |
Company Name |
|
Ownership |
Total |
Financial Services |
% FS |
1 |
1 |
IBM | Armonk, NY | Public | $107,000,000,000 |
$31,030,000,000 |
29% |
2 |
2 |
Hewlett-Packard | Palo Alto, CA | Public | $127,200,000,000 |
$13,992,000,000 |
11% |
3 |
6 |
Microsoft | Redmond, WA | Public | $72,001,000,000 |
$8,640,120,000 |
8% |
4 |
3 |
Dell, Inc. | Round Rock, TX | Public | $62,071,000,000 |
$7,448,520,000 |
12% |
5 |
3 |
Fujitsu Limited | Tokyo, Japan | Public | $54,000,000,000 |
$7,020,000,000 |
13% |
6 |
7 |
Accenture | Dublin, Ireland | Public | $28,659,000,000 |
$5,649,000,000 |
20% |
7 |
5 |
Cisco Systems, Inc. | San Jose, CA | Public | $44,900,000,000 |
$5,388,000,000 |
12% |
8 |
8 |
Oracle Corporation | Redwood Shores, CA | Public | $35,600,000,000 |
$4,984,000,000 |
14% |
9 |
10 |
Intel | Santa Clara, CA | Public | $53,999,000,000 |
$4,859,910,000 |
9% |
10 |
9 |
Hitachi | Tokyo, Japan | Public | $118,998,920,000 |
$4,759,956,800 |
4% |
11 |
12 |
EMC | Hopkinton, MA | Public | $20,007,590,000 |
$4,201,593,900 |
21% |
12 |
11 |
Thomson Reuters | New York, NY | Public | $13,807,000,000 |
$4,004,030,000 |
29% |
13 |
14 |
Capgemini | Paris, France | Public | $13,477,000,000 |
$2,787,000,000 |
21% |
14 |
13 |
CSC | Falls Church, VA | Public | $15,965,000,000 |
$2,714,050,000 |
17% |
15 |
16 |
Wipro Technologies | Bangalore, India | Public | $7,210,000,000 |
$1,946,700,000 |
27% |
16 |
17 |
ATOS Origin S.A | Bezons, France | Public | $8,277,260,000 |
$1,903,769,800 |
23% |
17 |
15 |
Deloitte & Touche Tohmatsu | New York, NY | Private | $28,800,000,000 |
$1,872,000,000 |
7% |
18 |
18 |
SAP AG | Walldorf, Germany | Public | $18,464,000,000 |
$1,506,000,000 |
8% |
19 |
19 |
CGI Group Inc. | Montreal, Canada | Public | $4,207,257,000 |
$1,058,890,000 |
25% |
20 |
24 |
HCL Technologies Ltd | Noida, India | Public | $3,901,000,000 |
$1,014,260,000 |
26% |
21 |
22 |
Logica | Reading, U.K. | Public | $6,029,000,000 |
$966,000,000 |
16% |
22 |
23 |
Unisys | Blue Bell, PA | Public | $3,853,800,000 |
$847,836,000 |
22% |
23 |
25 |
Teradata Corporation | Dayton, Ohio | Public | $2,362,000,000 |
$661,360,000 |
28% |
24 |
NR |
Intuit, Inc. | Mountain View, CA | Public | $4,054,000,000 |
$362,000,000 |
9% |
25 |
NR |
Savvis, a CenturyLink company | St. Louis, MO | Public | $1,039,000,000 |
$296,335,000 |
29% |
© American Banker/Bank Technology News/Financial Insights FinTech 100 (2012)
To obtain a complete copy of the report, please visit FinTech 100
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