Aconite Technology recognised as one of the hottest FinTech firms in Europe

London - 18 March 2013

Aconite listed on the inaugural FinTech 50 Watchlist, a guide to game-changing technologies across Europe which are redefining financial services

Aconite has been placed on the 2013 FinTech50 Watchlist, a shortlist of fifty companies in Europe that are redefining financial services through technology. The List, a collaborative project by The CEO Agenda, ICON Corporate Finance, Hotwire, Silicon Valley Bank and Fox Williams, is the first of an annual exercise to track one of the fastest moving sectors in technology.

The inaugural FinTech 50 Watchlist is based on the expertise of the Watchlist Panel – ten industry leaders from across the financial services and technology industry. The panel convened at the end of 2012 to debate and select the top fifty companies that demonstrate the potential to become game-changers in FinTech or the competitive staying power to continue in that position.

‘FinTech’ – financial technology – is a tremendous growth sector in Europe, and it’s not just the traditional players getting in on the act. Entrepreneurs and established companies from different backgrounds are using technology to transform financial services across the board – from consumer finance to payments to new verticals such as peer-to-peer lending and crowdfunding.

Aconite has been delivering advanced payment solutions to card issuers, processors and service providers for more than ten years. Over this time Aconite has established a reputation as a highly respected source of chip card management expertise in payments and other sectors such as transit and ticketing, and as a specialist in the field of EMV migration.

Aconite solutions enable card issuers and processors to increase revenues, reduce costs, improve customer service and secure competitive advantage. With a history of providing world-class products for chip card management and EMV transaction processing, Aconite is now at the forefront of the NFC mobile payments revolution, centred on the over-the-air management of NFC mobile apps.

Mike Woods, Aconite Chief Executive said: “I am delighted that Aconite has been recognized by the Watchlist panel and included with other prestigious organizations on the FinTech50 Watchlist. As the company broadens its reach both in traditional markets and in the US and China, as those geographies adopt smart card and other chip technologies, we expect to see continued and significant growth. Aconite’s innovative approach combined with solid experience has already been adopted by Fiserv in the US and by CUPData in China, and the company is currently engaged in new and exciting projects combining payments with mobile, mass transit and ID.”

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