Biggest Movers in FinTech

 
  Places Rank  
 
  up/down 2012 2011 Why
 
FinTech 100
Six Payment Services 24 46 70 SIX merged SIX Multipay, SIX Pay and SIX Card Solutions.
Vasco Data Security 19 67 86 Landed several large transactions in the banking market.
Pegasystems 18 49 67 Significant customer wins, including a large U.K. bank.
Virtusa Corporation 15 64 79 Acquired ALaS Consulting LLC, a financial services consulting firm.
MphasiS -18 41 23 Percentage of financial services revenue dropped from 42% to 36%.
ISGN -14 82 68 Revenue dropped from $126 million to $90 million.
Oberthur -13 33 20 Percentage of revenue from financial institutions dropped from 55% to 35%.
Itautec S.A. -6 34 29 Revenue dropped from 2010 to 2011 while financial services percentage stayed the same.
 
Enterprise 25
HCL Technologies Ltd. 4 20 24 Company is seeing strong demand, signed several new contracts in 2011.
Microsoft 3 3 6 Total revenue is up while financial services percentage stayed the same.
Teradata 2 23 25 Two former Enterprise 25 companies dropped out, letting Teradata move up.
Cisco -2 7 5 Cisco exited the Flip camera business, reorganized and faced strong competition.
Deloitte & Touche Tohmatsu -2 17 15 Challenging market conditions.

© American Banker/Bank Technology News/Financial Insights FinTech 100 (2012)

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