Press Releases

2012 FinTech 100 Rankings Released By American Banker, Bank Technology News and IDC Financial Insights

NEW YORK & BOSTON--(BUSINESS WIRE)-- 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.

Based on calendar year 2011 revenues, the FinTech 100 vendors 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.

The 2012 honorees will be formally recognized at an awards ceremony and breakfast briefing at the 2012 Bank Administration Institute’s (BAI) Retail Conference & Expo in Washington, D.C.

Vendors included in the 2012 FinTech 100 rankings are as follows:

1. Fidelity Information Services         U.S.
2. Tata Consultancy Services Limited (TCS) India
3. Fiserv U.S.
4. Sungard U.S.
5. NCR Corporation U.S.
6. Diebold, Inc. U.S.
7. First Data Corporation U.S.
8. Cognizant Technology Solutions U.S.
9. Nomura Research Institute Japan
10. Infosys Technologies, Ltd. India
11. Lender Processing Services U.S.
12. Wincor Nixdorf Inc. Germany
13. Total System Services (TSYS) U.S.
14. CA U.S.
15. DST Systems U.S.
16. SAS Institute U.S.
17. CoreLogic U.S.
18. Jack Henry & Associates, Inc. U.S.
19. Misys United Kingdom
20. Equifax U.S.
21. EDB Business Partner ASA Norway
22. Genpact U.S.
23. Ingenico France
24. Broadridge Financial Solutions, Inc. U.S.
25. FICO U.S.
26. Experian Group Limited U.S.
27. Temenos Group AG Switzerland
28. ACI Worldwide U.S.
29. SynTel U.S.
30. Fidessa United Kingdom
31. Murex France
32. IPC Systems, Inc. U.S.
33. Oberthur Card Systems S.A. France
34. Itautec S.A. Brazil
35. D+H Canada
36. Open Solutions Inc. U.S.
37. SS&C Technologies, Inc. U.S.
38. Polaris Software Lab Ltd. India
39. Wolters Kluwer Financial Services U.S.
40. Advent Software, Inc. U.S.
41. MphasiS (An HP Company) India
42. Moody's Analytics U.S.
43. TransFirst Holdings, Inc U.S.
44. Harland Financial Solutions U.S.
45. 3i Infotech (Includes 3i Infotech Billing & Payments) India
46. Six Payment Services Switzerland
47. Simcorp Denmark
48. L&T Infotech India
49. Pegasystems Inc. U.S.
50. Aegis Global Communications U.S.
51. GFT Technologies AG Germany
52. Calypso Technology U.S.
53. Fundtech Ltd. U.S.
54. Charles River Development U.S.
55. Collabera U.S.
56. Ness Technologies United Kingdom
57. GlobeOp Financial Services United Kingdom
58. Linedata Services S.A. France
59. BancTec, Inc. U.S.
60. Computer Services, Inc. U.S.
61. Simplex Consulting, Inc. Japan
62. Interactive Data Corporation U.S.
63. Online Resources Corporation U.S.
64. Virtusa Corporation U.S.
66. Hundsun Technologies INC China
67. VASCO Data Security International, Inc. U.S.
68. Luxoft Russia
69. Open Link Financial U.S.
70. NICE Actimize U.S.
71. NIIT Technologies Inc U.S.
72. Silverlake Axis India
73. Bravura Solutions Limited Australia
74. Bottomline Technologies U.S.
75. Eagle Investment Systems LLC U.S.
76. Clear2Pay Belgium
77. SmartStream United Kingdom
78. Hexaware Technologies Ltd. India
79. Viewpointe U.S.
80. Carlisle & Gallagher Consulting Group U.S.
81. Callatay and Wouters Belgium
82. ISGN Corporation U.S.
83. Scorto Corp. U.S.
84. ARGO U.S.
85. Celero Solutions Inc. Canada
86. TransCentra Inc. U.S.
87. GBST Holdings Limited Australia
88. Diasoft Russia
89. Financial Technologies (I) Ltd India
90. Eze Castle Integration U.S.
91. COCC U.S.
92. Investment Technology Group, Inc. U.S.
93. TAS Group Italy
94. Multifonds Luxembourg
95. eFront, S.A. France
96. Wausau Financial Solutions U.S.
97. FNC, Inc. U.S.
98. Nucleus Software Exports Ltd. India
99. Primatics Financial U.S.
100. Novantas, LLC U.S.

To obtain a complete copy of the report, please visit

About American Banker, Bank Technology News and SourceMedia, Inc.

American Banker 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 issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology.

Bank Technology News is written for 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, 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 is a leading independent and global provider of research-based advisory and consulting services that enable financial services industry executives to maximize the business value of their technology investments; minimize technology risk through accurate planning; benchmark themselves against industry peers; adopt industry best practices and drive technology-enabled business innovation. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. IDC is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit, email or call 508-620-5533. Visit the IDC Financial Insights Community at

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 with a focus in the financial industry. The Atlanta-based agency represents companies throughout North America and Europe. For more information, please visit or call Mr. Kelly Williams at (678) 781-7202.

William Mills Agency
Scott Mills, APR, 770-330-8762

Source: American Banker, Bank Technology News and IDC Financial Insights