The recently published IDC Fintech Rankings’ Top 100 shows that Switzerland continues to be major fintech player within the global arena with 4 of its company making it into the list.
The IDC Fintech Rankings list, which is in its fourth year is intended to recognise IT providers that have enabled a genuine measurable change at a client financial institution. The ranking is measured based on annual revenues attributed to financial institutions.
With that said, here are the 4 top Fintech Companies companies in Switzerland that’s making us proud.
Temenos
Global Ranking: 25 (Up 3 spots from 2017)
Headquartered in Geneva, this Swiss company serves over 3,000 firms across the globe. 41 of the top 50 banks rely on Temenos to process daily transactions of more than 500 million banking customers.
While Temenos is known to provide a large suite of solutions, they are mostly know to bankers for their core banking solutions.
Avaloq
Global Ranking: 34 (Down 2 spots from 2017)
Much like Temenos, Avaloq dabbles quite heavily into core banking solution. Its illustrious clientele of 158 banks includes the likes of Barclays, BBVA, Deustche Bank, DBS Bank and Société Générale.
Avaloq’s software to date have helped their clients manage over CHF 4 trillion worth of assets.
SIX
Global Ranking: 59 (Unchanged from 2017)
SIX is most well known for operating SIX Swiss Exchange, but their services go beyond that. Their business comprises of 5 units — Securities & Exchanges, Banking Services, Financial Information, Innovation & Digital and Cards.
Perhaps less known by some, the company processes over 10 million card transactions and employs close to 4,000 employees worldwide.
Crealogix
Global Ranking: 78 (Up 6 spots from 2017)
Founded in 1996, this Zurich based company employs over 700 employees worldwide. To date Crealogix serves over 450 banks across markets like Germany, Austria, UK and Singapore.
Their suite of products ranges from API solutions, digital banking solutions all the way to softwares for relationship managers.
IDC has made the full list available here, for our readers who are keen to check out who else made it into the top 100
