Thursday, November 24, 2011

10 Financial Tech Companies

Tech companies are leaping forward through their new innovation that pumps in huge finance for them. Becoming a financially strong company is a part of its survival. The main task is its financial services lend to reputed enterprises as most of the enterprises today rely on the quality financial services provided by these technology companies.


Here are 10 Financial Technology Companies that have reached the peak through their services to the customers that would mark their presence in people's mind forever.

FIS

FIS
Fidelity National Information Services (FIS) was founded in 1968 as Systematics. FIS is one of the world's top-ranked technology providers to the banking industry offering a comprehensive range of solutions for financial markets. Fidelity National Information Services is a global provider of banking and payments technologies.

FIS offers financial institution core processing, card issuer and transaction processing services, including the NYCE Network, a national electronic funds transfer (EFT) network. Total revenue of this company is $5,270 million and the gains from the financial service are $4,426 million.

Fiserv

Fiserv
Founded in 1984, Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry. Fiserv is driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.


The Company serves approximately 16,000 clients worldwide, including banks, thrifts, credit unions, investment management firms, leasing and finance companies, retailers, merchants, and government agencies. The Company operates through four business segments that includes Financial Institution Services (Financial), Payment and Industry Products (Payments), Corporate and Other.

The company's total revenue is $4,133 million and the income from financial service is $3,926 million.

Tata Consultancy Services

Tata Consultancy Services
Tata Consultancy Services is a global IT services, business solutions and outsourcing company headquartered in Mumbai. It is the largest provider of information technology in Asia and second largest provider of business process outsourcing services in India.


It enables transformation in financial services through a superior and holistic suite of solutions for banks, capital market firms, insurance companies and diversified financial institutions. Each solution in the TCS has been designed to run as a scalable and robust service, fully integrated with existing business models, enterprise infrastructures and technology architectures.

The total revenue is $7,805 million and a gain of $3,456 million from its financial services.

SunGard

SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil prices.


With total revenue of $4,992 million and $3,102 million in its financial services, SunGard has become one of the world's largest software and technology services companies; it has organized its customer service around small business units with maximum responsibility, flexibility and accountability, committed to serving specific industries and functional areas.

This enables SunGard to develop deep industry expertise, focus on customer's requirements and take responsibility for solving their most challenging issues smartly and effectively.

NCR

NCR
NCR Corporation is a global technology company which offers solutions and comprehensive support services for retail, financial, travel, healthcare, hospitality, entertainment, gaming, public sector, and equipment organisations in more than 100 countries.


With its total revenue rounding upto $4,819 million and the financial service coming to $2,651 million NCR is strategically poised between consumers who demand fast, easy and convenient options, and businesses intent on increasing revenues, building customer loyalty, reaching the contemporary consumer and lowering their cost of operations.

Their leadership in customer interactions is built on deep consumer and industry expertise. NCR is the company focused beyond a niche self-service technology, geography or market that builds good relationship with the clients.

Diebold

Diebold
Diebold is a security Systems Company engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), electronic and physical security products and software and integrated systems for global financial and commercial markets. Diebold is the largest US manufacturer of ATMs.


With total revenue of $2,824 million and income from its financial service is $2,552 million by this the Diebold is engaged in providing integrated self-service delivery and security systems and services to the financial, commercial, government and retail markets.

The Company has two lines of business like Self-Service Solutions and Security Solutions. The Company's segments are consisted of two sales channels that are Diebold North America (DNA) and Diebold International (DI). The DNA segment sells and services financial and retail systems in the United States and Canada.

The DI segment sells and services financial and retail systems over the remainder of the globe through wholly owned subsidiaries, joint ventures and independent distributors in countries throughout Europe, the Middle East, Africa, Latin America and in the Asia Pacific region, excluding Japan and Korea.

Lender Processing Services

Lender Processing Services
Lender Processing Services (LPS) is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and default management services in the United States. It has total revenue of $2,456 million and a financial service income of $2,334 million.


Lender Processing Services (LPS) operates in two segments that is technology, data and analytics and loan transaction services, which produced approximately 31percent and 69 percent, respectively, in 2010. The Company's technology solutions include its mortgage processing system, which automates all areas of loan servicing, from loan setup and ongoing processing to customer service, accounting and reporting.

Its technology solutions also include its desktop system, which is a middleware enterprise workflow management application designed to streamline and automate business processes. Its loan transaction services include its default management services, which are used by mortgage lenders, servicers and other real estate professionals.

First Data

First Data
First Data Corporation is an American payment processing company headquartered in Atlanta, Georgia. First Data is a provider of electronic commerce and payment solutions. The company's portfolio includes merchant transaction processing services, credit, debit, private-label, gift, payroll and other prepaid card offerings, fraud protection and authentication solutions.


With total revenue of $10,380 million and a financial service of $2,281 million, First Data is a global technology and payments processing leader, serving more than 6 million merchant locations, thousands of card issuers and millions of consumers worldwide.

Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for its customers. Financial institutions, large and small businesses as well as government agencies rely on First Data to empower them to build stronger, more profitable customer relationships as commerce continues to transform.

It advances in processing technology enable us to learn from each transaction. And by harnessing the power of that data, we help our customers grow their businesses and take advantage of new market opportunities. Their innovations in secure infrastructure, intelligence and insight empower our customers to move beyond "electronic payments" to embrace data-driven commerce, which incorporates data intelligently into every transaction.

First Data's strategic focus is on delivering innovations in prepaid, ecommerce and mobile payments solutions. First Data also provides payment processing solutions such as fraud protection and authentication solutions, check guarantee and verification services and point of sale (POS) devices and service.

Infosys

Infosys
Infosys is a global technology Services Company headquartered in Bangalore. It is the second largest IT exporter in India with 1, 33,560 employees in 2011. It has total revenue of$5,641 million and financial service income of $2,031 million.


Infosys Technologies is one of India's leading technology services firms, providing software development and engineering to corporate clients from its nine subsidiaries and about 60 regional offices and development centers worldwide. It also provides data management, systems integration, project management, support, and maintenance services.

Subsidiary Infosys BPO offers business process outsourcing (BPO) services and US-based Infosys Consulting provides strategic IT and professional consulting services. Infosys makes almost all of its sales overseas, with North America accounting for two-thirds of the total. Clients come largely from the financial services, manufacturing, telecom, and retail industries.

Cognizant Technology Solutions

Cognizant Technology Solutions
Cognizant Technology Solutions is an American multinational provider of custom information technology, consulting and business process outsourcing services. It has total revenue of $4,592 million and a financial service income of $1,945 million.


Cognizant Technology Solutions Corporation is a provider of custom information technology, consulting and business process outsourcing services. The Company is engaged in Technology Consulting, Complex Systems Development and Integration, Enterprise Software Package Implementation and Maintenance, Data Warehousing, Business Intelligence and Analytics, Application Testing, Application Maintenance, Infrastructure Management, and Business and Knowledge Process Outsourcing, (BPO and KPO).

It operates in four segments like Financial Services, Healthcare, Manufacturing, Retail and Logistics, and other which include Communications, Information, Media and Entertainment and High Technology.

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