2006 FinTech 100
The third annual ranking of technology vendors to financial institutions. This year, for the first time, we also rank vendors by industry segment: banking, insurance, and securities.
We also detail the changes in the world if financial technology and take separate looks as JPMorgan Chase's deployment of grid computing and community banks' technology investment patterns.
Overview
In banking and financial services today, conventional wisdom holds that strategy trumps growth. Or maybe it's better to say (because growth is always in style) that smart growth trumps raw growth.
Methodology
Financial Insights and American Banker relied on a number of sources to gather the data used in this survey.
JPM Chase Reaping the Benefits of Grid
JPMorgan Chase & Co. became one of the first major financial services companies to take grid computing seriously three years ago, when its investment bank installed a single-purpose grid with an eye toward expanding it to support all applications.
How Small Vendors Found a Spot on List
Below the usual suspects at the top of this year's FinTech 100 is a crop of smaller firms that also deserve the spotlight.
New Brand, Broader Menu for Jack Henry
Jack Henry & Associates Inc.'s expansion beyond its base of core-processing clients is starting to show results, executives say.
Beyond IT: Outsourcers Expand Services
Offshore outsourcing has become indispensable to many U.S. banking companies in the last decade as they strive cut information technology costs and stay competitive.
Oracle Positions Itself for Surge in Bank Sales
Oracle Corp. made over $1.6 billion of sales to the financial services industry last year and once again ranked No. 15 on this year's Top 25 Enterprise Companies in FinTech ranking.
Where Small Banks Focus Tech Dollars
Home Federal Bancorp Inc., a $770 million-asset thrift in Nampa, Idaho, recently scrapped its core processing system and installed a new one. The cost: more than $1 million.
The Implications of an Accidental Architecture
The financial services industry today finds itself supported by what could be referred to as "accidental architecture."
