New York — 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 what vendors are continuing to thrive in the marketplace. Some highlights from this year’s report include:

  • Fiserv returns to the No. 1 spot, and is once again the largest provider of technology to the financial services industry
  • India-based companies are more prominent on the list (there are five this year)
  • Hundsun Technologies Inc. and Yucheng Technologies Ltd are the first Chinese companies to make the list
  • 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.,

2. Fidelity National Information Services, Jacksonville, Fla.,

3. SunGard, Wayne, Pa.,

4. Diebold, North Canton, Ohio,

5. NCR, Dayton, Ohio,

6. Tata Consultancy Services (TCS), Mumbai,

7. First Data Corporation, Greenwood Village, Colo.,

8. CA (Computer Associates), Islandia, N.Y.,

9. Total System Services, Inc., (TSYS), Columbus, Ga.,

10. Metavante Corporation, Milwaukee, Wis.,

11. DST Systems, Kansas City, Mo.,

12. Cognizant, Teaneck, N.J.,

13. SAS Institute, Cary, N.C.,

14. Experian Group, Ltd., Dublin, Ireland,

15. Jack Henry & Associates, Inc., Monett, Mo.,

16. Equifax, Atlanta,

17. ChoicePoint, Alpharetta, Ga.,

18. Broadridge Financial Solutions, Inc., Lake Success, N.Y.,

19. Fair Isaac Corporation, Minneapolis,

20. Oberthur Card Systems S.A., Paris,

21. Misys, London,

22. IPC Information Systems, Ltd., New York,

23. Open Solutions Inc., Glastonbury, Conn.,

24. EDB Business Partner AS, Oslo, Norway,

25. Ingenico S.A., Puteaux, France,

26. Itautec, São Paulo,

27. ACI Worldwide, New York,

28. Temenos Group AG, Geneva,

29. Harland Financial Solutions, Lake Mary, Fla.,

30. Murex S.A., Paris,

31. TransFirst Holdings Inc., Dallas,

32. GL Trade, Paris,

33. Hypercom Corporation, Phoenix,

34. OMX AB, Stockholm,

35. Patni Computer Systems, Ltd., Cambridge, Mass.,

36. SS&C Technologies, Inc., Windsor, Conn.,

37. Wolters Kluwer Financial Services, Minneapolis, Minn.,

38. Polaris Software Lab Ltd., Chennai, India,

39 MphasiS Corporation (EDS), New York and Bangalore,

40. Syntel, Troy, Mich.,

41. GFT Technologies AG, Stuttgart, Germany,

42. Linedata Services S.A., Rueil-Malmaison, France,

43. Politec, Brasilia, Brazil,

44. Advent Software, San Francisco,

45. SimCorp, Copenhagen,

46. Resolve, Corp., Toronto,

47. Ness Technologies, Hackensack, N.J.,

48. Headstrong Corporation, Fairfax, Va.,

49. S1, Norcross, Ga.,

50. Fidessa, London,

51. GlobeOp Financial Services, London,

52. DealerTrack Holdings, Inc., Lake Success, N.Y.,

53. Moody's KMV (Moody’s Corporation), New York,

54. Firstsource Solutions Ltd., Mumbai,

55. Algorithmics Inc., Toronto,

56. Zenta, New York,

57. Online Resources Corporation, Chantilly, Va.,

58. Interactive Data Corporation, Bedford, Mass.,

59. Charles River Development, Burlington, Mass.,

60. Chordiant Software, Cupertino, Calif.,

61. Wall Street Systems, New York and London,

62. Odyssey Financial Technologies, Prilly, Switzerland,

63. Avaloq, Zurich,

64. Bravura Solutions Limited, Sydney, Australia,

65. iGATE Global Solutions Limited, Bangalore,

66. FundTech, Ltd., Jersey City, N.J.,

67. CPM Braxis, Sao Paulo,

68. Calypso Technology, Inc., San Francisco,

69. Vasco Data Security, Oakbrook Terrace, Ill.,

70. Viewpointe, New York,

71. ERI Bancaire SA, Geneva,

72.(a) Pegasystems, Cambridge, Mass.,

72.(a) SmartStream, London,

74. Wausau Financial Systems, Mosinee, Wis.,

75. Investment Technology Group, Inc., New York,

76. OpenLink, New York,

77. ORC Software AB, Stockholm,

78.(a) Callatay & Wouters, Brussels,

78.(a) Hundsun Technologies, Inc., Hangzhou, China,

80. Viveo, Paris,

81. Sophis, London,

82. Actuate Corporation, San Mateo, Calif.,

83. Eagle Investment Systems LLC, West Hartford, Conn.,

84. Yucheng Technologies Limited, Beijing,

85. Fermat, Brussels,

86. Callidus Software, Inc., San Jose, Calif.,

87.(a) COCC, Avon, Conn.,

87.(a) Goldleaf Financial Solutions, Inc., Brentwood, Tenn.,

89. Argo Data Resource Corporation, Richardson, Texas,

90.(a) Bottomline Technologies, Portsmouth, N.H.,

90.(a) Automated Financial Systems, Inc. (AFS), Exton, Pa.,

92. Celero Solutions Inc., Calgary,

93. Eze Castle Integration, Boston,

94. Luxoft, Moscow,

95. Norkom Technologies, Dublin and Boston,

96. Virtusa Corporation, Westborough, Mass.,

97. Hyland Software, Inc., Westlake, Ohio,

98. Unica Corporation, Waltham, Mass.,

99. Benchmark Technology Group, Alpharetta, Ga.,

100. Finantix, Venice,

(a) Tied

“With each year’s iteration, the FinTech 100 gains in impact and influence,” says 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,” says Jeanne Capachin, research VP 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, 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

To obtain a complete copy of the report, please visit either company’s Web site at: or

Sources: BusinessWire, American Banker

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