7 Indian companies among top global financial technology firmsUS headquartered FIS takes the top rank in the list. Two of the top five have changed since last years ranking. NCR Corporation is now ranked at No.4, up from No.5 in 2012; Cognizant Technology Solutions is now at No.5, up from No.8 in 2012.
Top 10 vendors included in the 2013 FinTech 100 rankings are as follows:
1. FIS, US
2. Tata Consultancy Services, India
3. Fiserv, US
4. NCR Corporation, US
5. Cognizant Technology Solutions, US
6. Diebold, Incorporated US
7. SunGard, US
8. Infosys, India
9. Nomura Research Institute, Japan
10. Wincor Nixdorf, Germany
Four of the top 20 companies are headquartered outside the US include: Tata Consultancy Services of India at No.2, Infosys Limited of India at No.10, Nomura Research Institute of Japan at No.9 and Wincor Nixdorf of Germany at No.10.
Four companies climbed dramatically from last year: Investment Technology Group rose 26 spots to No.66, as did OpenLink Financial to No.43, Interactive Data Corporation moved up 19 positions to No.49 and SS&C Technologies jumped 11 spots to No.26.
New entrants to the FinTech 100 are CRIF made the highest debut at No.46, Aurionpro Solutions from India at No.88, BancVue at No.89, Indecomm Corporation at No.94, EFT Source at No.95, and Digital Insights (formerly Intuit Financial Services) is back on the list this year at No.37.
IDC Financial Insights senior analyst, banking practice Karen Massey, said, "Our industry is continually balancing financial performance, regulatory and economic pressures, innovation, and evolving customer requirements, and the FinTech 100 highlights those providers that are efficiently, effectively, and successfully meeting their institution client needs in this very difficult era."
The 2013 ranking of the top 100 software and service providers in the financial services industry is categorised and evaluated by calendar year-end revenues (CY12) 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 calculations including information provided by more than 400 individual public and private companies.
IDC Financial Insights along with support of Source Media (publisher of American Banker and Bank Technology News) released the data
Source : Metronews
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