IDC Fintech Rankings 2022: The Most Valuable and Impactful Fintech Companiesby Fintech News Singapore September 28, 2022
Market intelligence firm IDC has published the 2022 IDC Fintech Rankings, a listing of technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services.
The providers featured supply the technological backbone of the financial services industry, an industry in which 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 approximately derive more than one-third of their revenue from the financial services and fintech industries; and the IDC Fintech Rankings Enterprise Top 25, which ranks the most successful enterprise companies serving multiple industries but which derive approximately one-third or less of their revenues from the financial services and fintech industries.
Top 100 fintech companies
Heading this year’s IDC Fintech Top 100 rankings are three US financial services software companies: FIS, Fiserv, and SS&C Technologies.
The 2022 selection also features a number of newcomers. These 16 companies, also referred to as the Emerging Fintechs, are:
- Anhui Joyin Information Technology (China), the operator of newspaper management app Joyin;
- 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 solutions 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 specialised data company;
- MeridianLink (USA), a multi-channel loan origination system developer;
- Sinqia (Brazil), a financial industry software applications provider;
- Smart Communications (Philippines), a wireless communications and digital services subsidiary of PLDT Inc;
- Solifi (USA), a software development company for financial institutions and equipment-leasing 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.
Fast growing fintech companies
Among the companies in the Top 100 list, the 25 “Fast Track Fintechs” that have moved significantly up in the rankings from last year are:
- ACI Worldwide (USA), a payment systems company;
- Backbase (Netherlands), a banking technology company providing engagement banking;
- Black Knight (USA), a software provider to the mortgage lending, servicing and real estate industries, as well as the 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 providing wealth management technology and products to financial advisors and institutions;
- FactSet Research Systems (USA), a financial data and software company;
- Finastra (UK), a company solutions to the retail banking, transaction banking, lending, and treasury capital markets;
- GFT Technologies (Germany), a digital transformation specialist;
- Glory Global Solutions (Japan), a cash technology solutions provider;
- 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 smart and end-to-end banking and lending experiences;
- Sinosoft (China), a provider of image management platforms, auditing 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 providing channel management systems, mobile banking, credit operations, big data, and Internet finance solutions.
In addition to the Top 100, the other category, Enterprise Top 25, named Microsoft as the top enterprise tech provider involved in the fintech and finance sectors. Microsoft is followed by IBM, Dell, Deloitte and Accenture.
Fintech awards winners
IDC also unveiled the winners of its IDC Fintech Rankings Real Results Awards, recognising IT providers that have enabled tangible change at client financial institutions.
ServiceNow, an American software company developing a cloud computing platform to help companies manage digital workflows for enterprise operations, was named the 2022 overall winner. It was also recognised as the winner in the Treasury and Trade Transformation, and Next Generation Payments categories.
CCC Intelligent Solutions and Featurespace, two newcomers in this year’s Top 100 ranking, were named the winners in the Efficiency and Agility, and Digital Trust and Stewardship categories, respectively.
Q2, one of the 2022 Emerging Fintech companies, was recognised as the winner in the Omni-Experience Customer Engagement category. And Moody’s Analytics, a Top 100 company, was named as the winner in the Lending Transformation category.