There was slight movement in this year's FinTech Top 10 — with Lender Processing Services gaining ground on the strength of its mortgage software and Nomura Research Institute making the list for the first time.
1. Fiserv
Jeffery Yabuki says he never doubted his company's ability to endure the financial industry's recent downturn, which eliminated a handful of the banks using its technology and is an ongoing threat to the survival of others.
2. SunGard
SunGard is following the money in banking these days, with its company-leading Financial Systems division responding to regulatory demands, and seeing growth in its consulting business, emerging markets, and technology associate with B2B payments and wholesale banking transaction services.
3. FIS
The varied characteristics of two recent deals are more reflective of how sweeping regulatory changes have shaped the banking industry's priorities in the last year than of FIS' acquisition appetite.
4. TCS
There should not be any question as to whether Tata Consultancy Services' (TCS) BaNCS core processing solution can scale. The company's biggest core banking customer, State Bank of India, has 17,385 branches — slightly less than Bank of America Corp., Wells Fargo & Co., JP Morgan Chase & Co. and all their recent acquisitions combined.
5. NCR
Self-service checkout counters at supermarkets. Vending machines loaded with DVDs. If you ask William Nuti what these devices have to do with financial services technology, he'll tell you: Everything.
6. LPS
The much maligned mortgage market has the entire banking industry scrambling. For Lender Processing Services it's difficult to imagine the business environment getting any better.
7. First Data
First Data has had three CEOs this year, and corporate owners Kohlberg Kravis Roberts are surely hoping the third one's a charm as the company continues lose hundreds of millions each quarter even as its revenue grows.
8. Diebold
In the wake of regulatory reform, Diebold is betting bankers — especially in the United States — will start to address tighter margins in a financially reformed world.
9. NRI
Nomura Research Institute's presence in the United States is limited, but it is the number one information technology outsourcing and consulting company in Japan — going head to head not only with Japanese rivals, but also with American-born integrators.
10. TSYS
Almost no part of banking has changed as dramatically in the past year as the credit card industry, but TSYS — which derives 60% of its revenue from card processing — has persevered.
