Top 10 banking technology companies

We take a look at our Top 10 banking technology companies… read on to see who took the number one spot

Banking technology fintechs are the enablers for bringing legacy financial institutions into the digital age. We run through our Top 10 and take a look at the services they offer. 

10. Sopra Banking Software

A partner of more than 1,500 financial institutions and lenders today, including Santander, KCB Bank, Mercedes-Benz, and Kensington Mortgages, Sopra Banking Software (SBS) operates in 80 countries worldwide today. With its proprietary cloud platform, SBS offers composable architecture to digitise the operations of its clients, from banking and lending to compliance and asset finance. A subsidiary of digital consultant Sopra Steria, SBS has leveraged its parent company to swell its employee figures to 5,000 across 50 offices today.

 9. Finacle

Ninth on our list of Top 10 banking technology companies is Finacle. The business unit of EdgeVerse Systems – the wholly-owned subsidiary of Infosys – Finacle partners with both emerging and digital banks. These partners can leverage Finacle’s cloud-native solution suite and software-as-a-service (SaaS) to better engage with customers, operate, innovate and transform digitally. Partnered with financial institutions in over 100 countries today, Finacle generates US$15bn in revenue annually. 

8. TerraPay

The UK-based TerraPay lives by the belief that even the smallest payment deserves a cross-border journey as safe as any large-scale transaction. Registered and regulated in 26 global markets today, TerraPay is today a partner to banks, mobile wallets, merchants, and money transfer operators. The fintech has built an ever-expanding payments highway, which businesses can tap into to create customer experiences with secure, real-time global passages for every transaction. Earlier in 2023, TerraPay partnered with Visa, helping more SMEs and individuals make real-time payouts.

7. Banking Circle

Technology company Banking Circle provides payments and banking services by connecting to the world’s clearing systems. By leveraging Banking Circle, partner companies can access cross-border payments, liquidity management and account services through the service provider’s single API. Powered by cloud-based technology, Banking Circle’s API is tailored for low fees, while its full cross-border solution negates the need for multiple banking relationships. Offering payments in 25 countries, including direct clearing in currencies through access to local payment rails, Banking Circle is focused on transforming the banking and payments experience worldwide. 

6. Temenos

Banking platform Temenos is among the world’s largest. Serving a range of players in the industry, from different-sized banks to non-banks and fintechs, Temenos has a mission to be Everyone’s Banking Platform. Headquartered in Geneva, Switzerland, the fintech is used by 41 of the world’s top 50 banks worldwide. Founded in 1993, Temenos went public in 2001, acquiring a mainframe core banking application aimed at high-end banks – later known as Temenos Corebanking. More recently, in 2021, the company launched its new collaborative marketplace, Temenos Exchange.   

5. Airwallex

Multinational fintech Airwallex provides SaaS solutions enabling foreign exchange transactions for its partner businesses through a proprietary banking network and its API. Valued at US$5.5bn as of 2021, the company now processes US$50bn at an annualised volume since its 2015 founding. In June 2023, FinTech Magazine spoke to Airwallex’s GM, EMEA Pranav Sood at Money20/20 Europe, where he discussed the growing fintech scene in the UK. This was after he spoke to us at the Innovate Finance Global Summit (IFGS) 2023 about the growing role of regulations in embedded finance.    

4. Finastra

UK-based Finastra is fourth on our list of Top 10 banking technology companies. The fintech offers a portfolio of products and solutions for retail banking, transaction banking, lending and treasury capital markets. Formed in 2017 in the combination of financial operations software Misys and payments technology provider D+H, Finastra is now a wholly-owned brand of Vista Equity Partners. With the purpose to unlock finance for its clients, Finastra offers open finance services including its Fusion software architecture and cloud ecosystem. Today, Finastra has over 9,000 customers, including 90 of the world’s top 100 banks. 

3. Stripe

Founded by Irish brothers Patrick and John Collison, Stripe is a San Francisco-based payments-processing software and application interface for e-commerce websites and mobile apps. Receiving funds from the likes of Elon Musk, alongside venture capital firms Sequoia Capital and Andreessen Horowitz, Stripe has expanded its partnerships to include the likes of Accenture, AWS, IBM, Merkle, MuleSoft and Snowflake, among others. The fintech has released a string of new payment solutions over the past few years too, most recently its Data Pipeline tool, which syncs data so it can be queried in combination with a business’ other information. 

2. Fiserv

US-founded Fiserv provides banking technology services across payments, processing services, customer and channel management, and business insights, among others. Aspiring to move money and information in a way that moves the world, Fiserv already has an extensive client reach, partnering with banks, thrifts, credit unions, mortgage and insurance providers, and leasing companies among a series of other payment operators. Founded in 1984, Fiserv has grown significantly over the decades. From 2000 to 2017 the company led a series of acquisitions including CheckFree, M-Com and PCLender.

1. PayPal

Top of our list of Top 10 banking technology companies is PayPal. A household name, PayPal operates an online payments system internationally, providing online money transfers as a digital alternative to money transfers and payments. With a mission to unlock payment opportunities for people in everyday life, PayPal hopes to empower millions of people and businesses worldwide. In June 2023, FinTech Magazine spoke to Rik Goslinga, Senior Director of Enterprise Customer Success for Europe and Australia at PayPal, who walked through the latest consumer expectations in the payments space.


For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.

You may also be interested in our sister site,InsurTech Digital, which you can also follow on LinkedIn and Twitter.

Please also take a look at our upcoming virtual event, FinTech Magazine, coming on 18-19 October 2023.


BizClik is a global provider of B2B digital media platforms that provides executive communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare, and Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

Top 100 Women 2024: Akila Raman-Vaseghi, Goldman Sachs No. 9

FinTech Magazine’s Top 100 Women in FinTech honours Goldman Sachs’s Akila Raman-Vaseghi at Number 9 for 2024

FinTech LIVE Dubai: 1 Week to Go!

Find out everything you need to know about FinTech LIVE: Dubai, the must-attend virtual event for fintech leaders in the Middle East and Africa

FinTech LIVE Singapore: 1 Week to Go!

With just one more week to go, find out everything you need to know about the must-attend virtual event for fintech leaders in Asia

Top 100 Women 2024: Yolande Piazza, Google – No. 8

Financial Services (FinServ)

FinTech LIVE Singapore Announces Four New Speakers

Tech & AI

Top 100 Women 2024: Helsa Chow, SVP, Citi – No. 6

Financial Services (FinServ)