|
|
Article: FinTech Vendors Turn Lemons into Lemonade.(2009 FinTech 100)
- Article from:
- Bank Technology News
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Karen Massey
We've all had a tough year, enough bad news. We could begin this article with a recap of the dismal global economy, the worst recession in modern times, the record number of bank failures, etc., etc. But instead some good news: In a year where there were huge structural changes and consolidation in financial services, the top 100 financial technology firms actually saw their revenue grow. The 100 companies on the 2009 FinTech 100 had combined revenue of $52.8 billion, an almost 10% increase from last year's $48.1 billion.
So in the sixth year of the FinTech 100 the bar continues to rise. Last year $36 million in revenue from the ...