The annual breakdown of the
world’s largest banking technology players and enterprise
technology vendors based on revenues has named companies such as
Fiserv, Sungard, Fidelity National Information Services, IBM,
Hewlett-Packard, Dell and Fujitsu as leaders in their
fields.
Fiserv, the US-based financial services solutions provider, has
again been named the largest fintech player based on revenues in
the leading annual ranking by US publisher SourceMedia and research
group IDC Financial Insights.
Go deeper with GlobalData
The FinTech 100 rankings are wholly quantative
and not qualitative in nature but do give a solid indication of the
tech firms banks and financial institutions are employing to help
run their businesses.
The top five are Fiserv, Sungard, Fidelity
National Information Services (FIS), Diebold and NCR.
In a statement, Fiserv’s president and CEO,
Jeffery Yabuki, said: “The technology landscape will change
dramatically over the next five years.
“Consumers in every geography will have an
unprecedented level of empowerment to connect with financial
services providers, and how and where they make payments with
channels such as online, mobile, person-to-person, in addition to
more traditional forms of banking.
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By GlobalData“There will also be changing models in how
these services are delivered to banks, credit unions and brokerage
firms.”
While US-headquartered firms such Fiserv and
FIS dominate the FinTech 100 with 41 firms in the list, the
researchers were keen to point out that representation from EMEA
companies “continues to be strong” with 23 companies with combined
revenues approaching $6 billion.
Three Chinese companies make the 2009 list –
Hundson Technologies, Yucheng Technologies and Longtop Financial
Technologies – while the number of Indian companies continues to
rise with 11 companies representing combined revenue of more than
$5 billion.
India’s Tata Consultancy Services, ranked
sixth, and Infosys, ranked 11th, are now firmly in the global top
15 (see table below). N Ganapathy Subramaniam, president
of TCS Financial Solutions, said: “Our Global Network Delivery
Model, TCS BaNCS product suite and the integrated full services
deliver certainty and agility to clients besides being a single
source to connect seamlessly with their business around the
world.”
In a separate ranking by SourceMedia and IDC
called the Fintech 25 Enterprise Vendors, IBM topped a list for the
world’s leading enterprise technology vendors. Indeed, IBM
continues its six-year streak as the largest provider of technology
products and services to the financial services industry, according
to the research.
IT investment up 15.5% in
2009
Dana Wiklund, research director, Risk
Management, at IDC Financial Insights, said: “The last 18 months
has been challenged with the worst financial crisis and recession
in generations [but] one underlying positive is that technology
innovation around financial services continues.
“The evidence for this is year-over-year
growth in aggregate FinTech 100 revenue [$52 billion up from $45
billion in 2008].”
For IBM, the top ranking in enterprise
technology caps another successful year, one in which it has taken
market share from rivals, won a host of new contracts across the
world and cemented itself as one of the core power players in
financial services solutions.
In mid-October, the company announced
third-quarter net income of $3.2 billion compared with $2.8 billion
in the third quarter of 2008, an increase of 14 percent
year-on-year due to various efficiency programmes. Revenues, in
contrast, were down 7 percent for the 12-month period.
At the time, IBM said it expected full-year
2009 pre-tax income for both its Software and Services segments to
grow at “double-digit rates” and reach approximately $8 billion for
the fiscal period.
Recent bank contract wins for IBM include
deals with Japan’s Chugoku Bank (see
Gemalto looks at Serverside, Xiring), US Bank, Korea
Exchange Bank and American Express.
|
Power list |
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|
Fintech – top 10 enterprise |
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|
Rank |
Company |
2009 financial services revenue |
|
1 |
IBM |
29.3 (28.3%) |
|
2 |
Hewlett-Packard |
12.6 (10.7%) |
|
3 |
Dell |
9.17 (15%) |
|
4 |
Fujitsu |
7.65 (15%) |
|
5 |
Microsoft |
5.58 (9%) |
|
6 |
Cisco Systems |
5.27 (14%) |
|
7 |
Accenture |
5.01 (21.4%) |
|
8 |
Hitachi |
4.11 (3.6%) |
|
9 |
EMC |
3.39 (22.8%) |
|
10 |
Intel |
3.39 (9%) |
|
(1) Figure in brackets represents % of |
||
|
Power list |
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|
Fintech – top 20 IT vendors to the |
||
|
Rank |
Company |
2009 financial services revenue |
|
1 |
Fiserv |
4.23 (89.2%) |
|
2 |
Sungard |
3.66 (65.4%) |
|
3 |
FIS(2) |
3.12 (90.6%) |
|
4 |
Diebold |
2.88 (91%) |
|
5 |
NCR |
2.82 (53%) |
|
6 |
Tata |
2.58 (42.5%) |
|
7 |
First Data |
2.22 (25%) |
|
8 |
TSYS |
1.94 (100%) |
|
9 |
LPS(3) |
1.83 (98.1%) |
|
10 |
Metavante(2) |
1.71 (100%) |
|
11 |
Infosys |
1.60 (34.1%) |
|
12 |
CA |
1.58 (36.5%) |
|
13 |
Cognizant |
1.27 (45%) |
|
14 |
DST Systems |
1.22 (53.2%) |
|
15 |
Experian |
1.12 (28.9%) |
|
16 |
SAS |
0.95 (42%) |
|
17 |
Equifax |
0.83 (42.7%) |
|
18 |
Jack Henry |
0.75 (100%) |
|
19 |
Oberthur |
0.72 (57%) |
|
20 |
Broadridge |
0.63 (28%) |
|
(1) Figure in brackets represents % of |
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