2012 FinTech 100 Rankings Released

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%

To obtain a complete copy of the report, please visit FinTech 100

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