2012 FinTech 100 Rankings Released

American Banker and Bank Technology NewsSourceMedia’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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