Fiserv has nudged Fidelity
National Information Services out of the top spot of this year’s
Fintech Top 100 list, recording some $4.4 billion in financial
services revenues in 2007. One notable highlight includes Tata
Consultancy Services’ rise up the chain; other big risers include
Cognizant and Experian.

This year’s ranking of the fintech industry’s 100 leading players
is lead by Fiserv. The company, an end-to-end business and
technology solution provider for retail financial organisations,
consumer finance institutions and credit unions, was ranked first
in 2006, 2005 and 2004 but last year was nudged out by Fidelity
National Information Services (FNIS).

The top five, however, remain the same as in 2006: Fiserv, FNIS,
SunGard, Diebold and NCR. This year Fiserv regained the top spot,
in part, it said in a statement, due to the acquisition of
CheckFree back in August 2007, the industry leader in online
banking, bill pay and presentment.

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Fiserv, headquartered in the US state of Wisconsin, is the
leading provider of account processing solutions for US banks,
credit unions and thrifts and now boasts more than 6,000 clients
worldwide. One of the biggest deals the groups signed this year was
with the US insurance giant Mutual of Omaha.

In the second quarter, Omaha Financial Holdings, a new banking
division of insurance company Mutual of Omaha, selected the core
banking solution of Fiserv business unit, CBS Worldwide, to deliver
a full range of retail and commercial banking services to support
its expansion into retail banking.

Talking about regaining first place in the rankings, Fiserv CEO
Jeffery Yabuki said: “We have made many changes over the past year
to sharpen our focus on delivering best-in-class value to the
financial services industry.”

One of the biggest risers was India’s Tata Consultancy Services,
up four places to sixth and the highest ranked Indian IT firm. The
next best-placed Indian firm was Polaris Software, which, unranked
last year, appeared at 38th. Mphasis (39th), Firstsource Solutions
(54th), and iGate Global Solutions (65th) were other India-based
players on list.

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“TCS is the only company consistently moving up the rankings by
demonstrating growth around the world,” said Jeanne Capachin,
research vice-president, global banking and insurance, at Financial
Insights, one of the compilers of the Fintech 100.

Other big risers included Cognizant, Experian, Oberthur Card
Systems and Temenos.

Finetech - top 20 IT vendors to the financial services industry

 

IT Contracts 
RBI Fintech DealWatch tracks recent major technology
contract wins with a focus on the retail financial services
industry as well as fintech mergers and acquisitions and innovative
new product launches
 
Country Participants Type/value Details Date announced
Mozambique Banco Terra, Temenos

Core banking

Mozambique’s Banco Terra has finished its
implementation of Temenos’ T24 Model Bank system. The platform will
support all the bank’s retail and commercial banking operations in
the region.

26 November
Sweden

Wincor Nixdorf

ATM contract win

Wincor Nixdorf has won a contract to assume
responsibility for maintenance and monitoring of Swedish
independent cash machine operator Kontanten’s national network of
240 ATMs.

26 November
Austria

Raiffeisen International, Misys/HCL

Contract win

Raiffeisen International is to collaborate
with Misys and Indian technology provider HCL, improving
back-office communications and resource allocation throughout the
bank.

25
November
US

HomeStreet Bank, Crescent State Bank,
Metavante

Core banking contract win

Seattle’s HomeStreet Bank and North
Carolina’s Crescent State Bank have elected to replace their core
processing service with Metavante’s Integrated Banking Services.
The Seattle banks have also joined the technology provider’s NYCE
ATM and PIN-based network.

24
November
UK

Experian, APACS

Strategic partnership

Global information services provider Experian
has partnered with APACS, the UK payment association, to provide
lenders with more data with which to assess customers at risk of
being financially over-committed.

24
November
US

Umpqua Bank, Andera

Core banking contract win

Oregon-based Umpqua Bank has finished
implementation of a new online account opening service by US-based
Andera, a leading provider of online account solutions.

23
November
Turkey

Akbank, Patni, Chordiant Software

Contract win

Turkey’s second largest bank, Akbank, has
selected India-based Patni Computer Systems to implement Chordiant
Software’s customer relationship management system throughout its
network.

21
November
Venezuela, Bolivia

Micasa, Corp Banca, Banorte, Mercantil Santa
Cruz, Postilion

Contract win

Self-service banking specialist Postilion has
won contracts to supply Venezuelan banks Banco Micasa, Banco Corp
Banca and Banco Banorte, as well as Bolivian bank Banco Mercantil
Santa Cruz, with a new platform to help manage their ATMs and
improve customer service.

19
November
US

Fidelity National Information Services,
Obopay

Strategic partnership

Fidelity National Information Services and
mobile payment pioneer Obopay have announced a person-to-person
mobile phone-based money transfer service.

19
November
US

1st National Bank of Scotia, Cascade Bank,
Fidelity National Information Services, ClairMail, mFoundry

Contract win

Two Washington-based banks, Cascade Bank and
1st National Bank of Scotia, have signed-up to Fidelity National
Information Services’ Mobile Banking product. The two banks are the
first financial institutions to take up the FNIS/ClairMail/mFoundry
alliance’s mobile banking platform.

19
November
US

PNC, ClairMail

Contract win

PNC Financial Services is to use Californian
technology provider ClairMail for its mobile banking service.

19
November
Dominican Republic

The Popular Association for Savings and
Loans, Temenos

Core banking contract win

The Popular Association for Savings and Loans
(APAP) is to replace its 20-year-old in-house legacy system with
Temenos’ T24 Model Bank for Retail Banking. The new core platform
is expected to be fully deployed by 2010.

18
November
Global

Dell, Voice Commerce Group

Strategic partnership

Dell and Voice Transact, the global
voice-signature financial transaction processing network, are to
work together to distribute their biometric voice authentication
service to financial institutions.

18
November
US

Cisco, IBM

Strategic partnership

Cisco has announced the launch of two new
products as part of its joint venture with IBM. Cisco TelePresence
will enable banks to talk to customers face-to-face via video
link.

18
November
US

Monitise, Metavante

Contract wins

Monitise, the UK mobile tech firm, and US
fintech group Metavante have announced 23 contract wins in the US
to provide mobile banking services to financial institutions.

17
November
US

Texas Bankers Association, Wolters Kluwer

Strategic partnership

Texas Bankers Association has expanded its
endorsement of Wolters Kluwer Financial Services’ banking
compliance products. The services will now be offered to community
and regional banks, bank holding companies and savings
institutions.

17
November
Germany

Commerzbank, Cronto

E-security contract win

Germany’s Commerzbank is to implement UK
vendor Cronto’s mobile phone authentication technology for a
selection of its customers.

13
November
Germany

Commmerzbank, Gieseck & Devrient

Contract win

Gieseck & Devrient (G&D) has won a
three year contract to be the sole supplier of credit and debit
cards to Commerzbank. G&D had previously supplied a limited
number of scented credit cards to the bank.

13
November
US

Zions Bancorporation, mFoundry

Core banking contract win

Mobile financial services specialist,
mFoundry, has been awarded a contract by Zions Bancorporation to
power its mobile banking and payments services. The deal will
include implementation at all of Zions’ subsidiary retail
banks.

11
November
Iraq

Trade Bank of Iraq, Misys

Core banking contract win

Trade Bank of Iraq has selected Misys’
Equation banking system for implementation at its head office in
Baghdad. The software will improve customer service, as well as
offering extended Internet banking and ATM usage.

10
November
Japan

Sumitomo Mitsui, Teradata

Core banking

Data warehousing and enterprise analytics
firm, Teradata has completed a marketing database for Sumitomo
Mitsui. The marketing database, built on the Teradata Active
Enterprise Data Warehouse 5500, is the largest marketing database
in the Japanese financial industry.

6 November
Benelux

Dexia, Diebold

ATM contract win

Dexia has selected Diebold to provide 1,000
Opteva recycling units. The units will recycle commonly used bank
notes as well as providing ATM functionality.

 6 November
Vietnam

Sacombank, Temenos

Core banking contract win

Vietnamese bank Sacombank has extended its
use of Temenos’ T24 core banking system to its retail and corporate
banking segments, including a roll-out across all branches.

 5
November
US

First Hawaiian Bank, ACI

Core banking contract win

First Hawaiian Bank has renewed its contract
for ACI Enterprise Banker with ACI Worldwide, a provider of
electronic payment systems.

 29 October
France

LCL, Atos Origin

Contract win

Crédit Agricole’s LCL retail banking
subsidiary has selected Atos Origin to provide secure banking web
messaging service. The service will be used by customers who have
subscribed to the bank’s online banking site LCL Interactif.

 29 October

Source: RBI