Market intelligence firm IDC has published the 2022 IDC Fintech Rankings, a list of technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services.
The providers featured provide the technological backbone of the financial services industry, an industry where IDC forecasts worldwide spending on information technology solutions to be US$590 billion by 2025.
The rankings feature two main lists: the IDC Fintech Rankings Top 100, which names the top 100 vendors that roughly derive more than one-third of their revenue from the financial services and fintech industry; and the IDC Fintech Rankings Enterprise Top 25, which ranks the most successful enterprise companies that serve multiple industries but derive approximately one-third or less of their revenues from the financial services and fintech industries.
Top 100 fintech companies
Three US financial services software companies topped this year’s IDC Fintech Top 100 ranking: FIS, Fiserv, and SS&C Technologies.
2022 IDC Fintech Rankings – Top 100
The 2022 selection also features some newcomers. These 16 companies, also called Emerging Fintechs, are:
- Anhui Joyin Information Technology (China), the operator of the Joyin newspaper management app;
- Asseco (Poland), a banking and finance software company;
- BPC Banking Technologies (Switzerland), a paytech company;
- Bravura Solutions (Australia), a wealth management and transfer agency software solutions provider;
- CCC Intelligent Solutions (USA), an integrated claims management, collision repair, and insurance estimating services solution provider;
- Duck Creek Technologies (USA), an enterprise property insurance and casualty insurance software provider;
- Featurespace (UK), a fraud and financial crime management specialist;
- Informa Financial Intelligence (USA), a financial institution competitive benchmarking, customer analytics, and expert data company;
- MeridianLink (USA), a multi-channel loan origination system developer;
- Sinqia (Brazil), a provider of software applications to the financial industry;
- Smart Communications (Philippines), a wireless communications and digital services subsidiary of PLDT Inc;
- Solifi (USA), a software development company for financial institutions and equipment rental companies;
- Sunline (China), a banking software and technology services company;
- Upstart (USA), a lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables;
- VeriPark (UK), a customer experience solutions provider for financial institutions; and
- XQuant (South Korea), a quantitative financial analysis software developer.
2022 IDC Fintech Rankings – Emerging Fintech
Fast growing fintech companies
Among the companies on the Top 100 list, the 25 “Fast Track Fintechs” that have risen significantly in the rankings since last year are:
- ACI Worldwide (USA), a payment systems company;
- Backbase (Netherlands), a banking technology company that provides engagement banking;
- Black Knight (USA), a software provider in the mortgage lending, servicing and real estate industries, as well as capital and secondary markets;
- Blend Labs (USA), a cloud banking infrastructure provider;
- Broadridge Financial Services (USA), a corporate services and financial technology company;
- CEC GienTech (China), a digital transformation strategy and solutions provider;
- Envestnet (USA), a company that provides wealth management technology and products to advisors and financial institutions;
- FactSet Research Systems (USA), a financial data and software company;
- Finastra (UK), a retail banking, transaction banking, lending, and treasury capital market solutions company;
- GFT Technologies (Germany), a digital transformation specialist;
- Glory Global Solutions (Japan), a provider of cash technology solutions;
- Hexaware Technologies (India), a provider of information technology and business process outsourcing services;
- Hundsun Technologies (China), a software and financial data provider for financial institutions;
- LTI (India), an IT services and consulting company;
- Murex (France), a software provider for trading, treasury, risk, and post-trade operations for financial markets;
- NCR (USA), a software, consulting and technology company;
- Nice Ltd./Nice Actimize (USA), a financial crime, risk and compliance solutions provider for financial institutions and regulators;
- Pegasystems (USA), a customer relationship management and business process management software developer;
- Q2 (USA), a company specializing in providing intelligent and end-to-end banking and lending experiences;
- Sinosoft (China), a provider of image management platforms, audit management systems, financial management systems, official automation systems, and other software products;
- SmartStream Technologies (UK), a financial transaction management solutions company;
- Temenos (Switzerland), a company specializing in enterprise software for banks and financial services;
- Teradata (USA), a software company that provides cloud database and analytics-related software, products, and services;
- Wolters Kluwer (Netherlands), a company providing services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors;
- Yusys Technologies (China), a company that provides channel management systems, mobile banking, credit operations, big data, and Internet finance solutions.
2022 IDC Fintech Rankings – Fast Track Fintech
In addition to the Top 100, another category, Enterprise Top 25, named Microsoft as the leading provider of enterprise tech involved in the fintech and finance sector. Microsoft is followed by IBM, Dell, Deloitte and Accenture.
2022 IDC Fintech Rankings – Enterprise Top 25
Fintech awards winners
IDC also announced the winners of its IDC Fintech Rankings Real Results Awards, which recognize IT providers who have enabled tangible change in client financial institutions.
ServiceNow, an American software company that develops a cloud computing platform to help companies manage digital workflows for enterprise operations, was named the 2022 overall winner. It was also recognized as a winner in the Treasury and Trade Transformation, and Next Generation Payments categories.
CCC Intelligent Solutions and Featurespace, two newcomers to this year’s Top 100 ranking, were named winners in the Efficiency and Agility, and Digital Trust and Stewardship categories, respectively.
Q2, one of the 2022 Emerging Fintech companies, was recognized as the winner in the Omni-Experience Customer Engagement category. And Moody’s Analytics, a Top 100 company, was named the winner in the Lending Transformation category.
2022 IDC Fintech Rankings Winners in Real Results
