fintech market leaders
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Processors & Business Information: Fiserv
Yahoo Finance: FISV |
WSJ Article
Sustainable Advantage: Deep integration with U.S. banks, long-term enterprise contracts, and full-stack fintech services.
Business Value Drivers: Recurring revenue from financial institutions, payment processing scale, and product bundling from M&A (e.g., First Data).
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Financial Data Providers: FactSet
Yahoo Finance: FDS |
Barron’s Article
Sustainable Advantage: High switching costs and workflow lock-in among institutional clients.
Business Value Drivers: Subscription data revenue, analytics services, and enterprise integration.
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Internet Banks: Chime
Crunchbase (Private) |
Investor's Business Daily Article
Sustainable Advantage: Brand leadership among mobile-first users and no-branch operating leverage.
Business Value Drivers: Interchange revenue, deposit volume growth, and embedded finance services.
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Exchanges & Trading Platforms:
ICE /
Nasdaq
Yahoo Finance: ICE |
Yahoo Finance: NDAQ |
CNBC Article
Sustainable Advantage: Regulatory moats, proprietary market data, and exchange network effects.
Business Value Drivers: Trading volume, data licensing, and clearing infrastructure.
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Software:
Finastra /
Temenos
Crunchbase: Finastra |
Yahoo Finance: TEMN (Temenos) |
Bloomberg Article
Sustainable Advantage: Deep integration with core banking systems and long deployment cycles.
Business Value Drivers: SaaS transition, modular deployments, and growth in emerging markets.
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Specialty Marketplace Lenders:
Upstart /
LendingClub
Yahoo Finance: UPST |
Yahoo Finance: LC |
MarketWatch Article
Sustainable Advantage: Proprietary AI underwriting (Upstart) and digital banking integration (LendingClub).
Business Value Drivers: Origination volume, partner bank growth, and monetization of credit models.
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Asset Management: Envestnet
Yahoo Finance: ENV |
Barron’s Article
Sustainable Advantage: Central platform for RIAs and banks, with strong advisor network and tech integrations.
Business Value Drivers: AUM-based fees, recurring SaaS revenue, and partnerships with custodians and fintechs.
