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Europe’s 15 Biggest Banking Technology Companies

by Fintechnews Switzerland

April 30, 2024

The Financial Technology Report has released its selection of the world’s top banking technology companies of 2024, highlighting the 25 biggest and fastest-growing banking technology companies globally.

The Top 25 Banking Technologies Companies of 2024 were selected for their technological expertise, impactful contributions, leadership initiatives, and overall influence on the banking sector. These companies utilize technology including artificial intelligence (AI) and cloud computing to disrupt traditional banking processes and improve efficiency, accessibility, and user experience. They provide various services, including banking software, digital banking products and banking-as-a-service (BaaS).

The 25 featured companies represent three regions, with Europe being the most prominent. Unsurprisingly, the UK is the most represented country in the continent, boasting a total of nine companies. It is followed by France and the Netherlands with two companies each, and Germany and Denmark with one company each.

Today, we look at the 15 European companies that made it into this year’s top banking tech companies list, delving into their product offerings and highlighting their growth and scale.

Biggest Banking Technology Companies in UK (9)


Finastra is a global provider of financial software applications and marketplaces. The company serves more than 8,000 institutions, including 45 of the world’s top 50 banks, providing software solutions and services across lending, payments, treasury and capital markets and universal banking (retail, digital and commercial banking).


Revolut is a global fintech company offering an all-in-one finance app. The company serves more than 40 million customers around the world, providing them with banking, currency exchange, debit and credit cards, stock trading, cryptocurrencies services, and more.

Monzo Bank

Monzo is a British digital bank that provides checking accounts, debit cards, savings accounts, access to exchange-traded funds (ETFs) and some credit products. The company claims more than 9 million users in the UK.

starling bank

Starling Bank is a British digital challenger bank providing a range of limited personal and business banking services, including personal current accounts, joint accounts, business accounts, and euro accounts. The company also offers a software-as-a-service (SaaS) proposition through its subsidiary Engine. It claims 3.6 million customers.

Tide is a fintech company providing mobile-first banking services for small and medium-sized enterprises (SMEs). It enables businesses to set up a current account and get instant access to various financial services, including automated bookkeeping, integrated invoicing and loans, and claims 500,000 customers.

ClearBank is a purpose-built, technology-enabled clearing bank. Through its banking license and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers.

Thought Machine

Thought Machine provides cloud-native core banking and payments technology. The company’s core banking platform, Vault Core, is trusted by leading banks and financial institutions worldwide, including Intesa Sanpaolo, ING Bank Śląski, Lloyds Banking Group, Standard Chartered, SEB, Lunar, Atom Bank, Curve, and more.

Allica Bank specializes in financial services for established businesses, focusing on banking solutions within the financial sector. The company offers a range of products including business current accounts, savings accounts, asset finance, commercial mortgages, and growth finance.

Atom Bank Digital Challenger

Atom Bank is an app-based bank, offering award-winning mortgages and savings through its app, alongside secured business lending for SMEs. The company serves 224,000 customers.

Biggest Banking Technology Companies in France (2)

Sopra Banking Software

Sopra Banking Software is a global fintech company serving more than 1,500 financial institutions and large-scale lenders in 80 countries worldwide, including Santander, Societe Generale, KCB Bank, Kensington Mortgages, Mercedes-Benz, and Toyota. The company’s cloud platform offers clients a composable architecture to digitize operations, ranging from banking, lending, compliance, to payments, and consumer and asset finance.


Qonto is the solution that simplifies financial management of freelancers, SMEs, startups, and associations. The company provides an online business account that’s combined with invoicing, bookkeeping and spend management tools. It claims 450,000 customers.

Biggest Banking Technology Companies in the Netherlands (2)


Backbase provides the Backbase Engagement Banking Platform, a unified platform that allows banks to accelerate their digital transformation. From customer onboarding, to servicing, loyalty and loan origination, the platform improves every aspect of the customer experience. Backbase serves over 120 financial institutions including BNP Paribas, Citibank, Lloyds Banking Group, NatWest, Raiffeisen and Societe Generale.


Mambu is a cloud-native, SaaS core banking platform created with scale, agility, ease of use and speed in mind. The company services more than 260 banks, lenders, fintech companies, and even retailers, with over 101 million end users.

Biggest Banking Technology Company in Germany (1)


Solaris is an embedded finance platform. The company’s proprietary modular business-to-business (B2B) tech stack and scalable licensing system empowers its partners to offer unique, customer-centric financial services. Solaris holds a full German banking license, including a Digital Assets Custody license, and also an e-money license covering the UK and the European Economic Area (EEA).

Biggest Banking Technology Company in Denmark (1)


Lunar is an independent, regulated and licensed bank. The company provides digital banking solutions including personal and business accounts, savings accounts with positive interest rates, and investment opportunities in stocks, funds, and ETFs, serving more than 850,000 users in Denmark, Sweden and Norway, including 20,000 entrepreneurs.

The Top 25 Banking Technologies Companies of 2024 list also features nine US companies, including payment giant Square, digital banking startup Chime, and banking tech provider Nymbus. Latin America is represented by one company: Pismo, a Brazilian cloud-native financial transaction processing platform that was acquired last year by Visa for a whopping US$1 billion.


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