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Who are the top 1-10 Fortune 100 companies who are leaders in FinTech, by rank, and what are their FinTech projects?
Hey! Thank you for your question about the top 1-10 FinTech leaders by rank.
METHODOLOGY
I researched Fortune 100 (and Fortune 500) list to find the top FinTech players. I was not able to find the top FinTech companies in that list, given that most of them are not qualified, in terms of size, to enter that list.
That left us with companies like Visa, or other incumbent banking institutions that are not a great representation of FinTech innovation.
Instead, I found another ranking, by H2 Ventures and KPMG which will allow you to grasp the top of the FinTech industry.
RESULTS
1. Ant Financial - Also known as AliPay, and a part of the Alibaba Group, and has an extremely important role in enabling third-party payments (mostly by enabling transactions on Alibaba's eCommerce websites, but by also providing credit ratings and more).
3. Oscar - This company, US based, provides innovative health insurance products by combining technology, design, and data.
4. Lufax - a global leader in internet based lending, and is a part of the mega-large, Chinese Ping An Group, which makes it one of the most significant players in this growing and innovative industry.
7. Kreditech - A German leader in internet-based banking, offers a unique Credit-as-a-Service (CaaS) solution.
8. Avant - Another online lending platform that hit the top 10 list, this time based in the US, and use machine learning and big data analytics to detect, efficiently fraud and default risk.
9. Sofi - This online lending platform innovation is based on its unique algorithm to analyze potential borrowers and the strong emphasis on social activism.
10. JD Finance Group - JD's FinTech project is its microloan platform as well as its crowdfunding platform.
As you can see, many of the top 10 lists are engaged in innovating consumer and institutional financing (loans, insurance, and consumer banking), connecting investors and borrowers in innovative ways, and using cutting edge technology to do so.
FORTUNE 100 RANKING
I searched, on the Fortune 500 search engine, and none of the above global FinTech leaders were included in that list. That said, I believe the above list is a great representation of global FinTech leaders.
SUMMARY
I provided you with a list of the top 10 FinTech companies worldwide, and while they aren't on the Fortune 100 list, they better represent the global top of the FinTech industry in terms of size and innovation.
Thank you for using Wonder! If you have any additional questions, don't hesitate!