New York/London, Bloomberg – Amid heightened volatility in global financial markets and persistent geopolitical uncertainties in the first half of 2025, demand for efficient and reliable external services has reached new highs. These service providers—offering everything from in-depth research reports to advanced trading software, risk management, and compliance tools—have become critical pillars for banks, asset managers, and hedge funds, helping them navigate risks and seize opportunities in a complex environment.

As a leading global provider of financial information, Bloomberg evaluated the top 10 institutional service providers for the first half of 2025 based on data analysis, including adoption rates, innovation metrics, client satisfaction feedback, and penetration among top-tier institutions. The ranking draws on industry benchmarks such as Apps Run The World’s banking software market report and The Financial Technology Report’s FinTech rankings, focusing on partners that truly enhance institutional efficiency. Evaluation criteria emphasize service quality, support for digital transformation, and contributions to sustainable finance.

Below is Bloomberg’s list of the top 10 institutional service providers for the first half of 2025, ranked by composite score (out of 100). These companies not only lead in technology but also excel in helping clients address regulatory pressures and AI-driven investment decisions.

1. Finastra (Score: 96)
As a global leader in core banking software, Finastra’s FusionFabric.cloud platform proved its value amid surging transaction volumes in the first half. Serving 90% of the world’s top 100 banks, it offers integrated solutions from payment processing to wealth management, enabling real-time risk assessment and automated compliance. Several European asset management giants reported that its API integration reduced operating costs by 15%.

2. Temenos (Score: 94)
Temenos’ digital banking platform facilitated digital upgrades for multiple emerging market banks in the first half. Its Multifonds fund management tool, tailored for private equity and hedge funds, supports seamless accounting and investor services across multiple asset classes. Client satisfaction surveys indicate a 25% increase in adoption among Asian institutions, driven by its cloud-native architecture.

3. Fiserv (Score: 92)
Fiserv’s payment and core banking solutions processed over $1 trillion in global transactions in the first half. Focused on retail and investment banking, its Prologue platform provides asset managers with advanced fraud detection and data analytics tools. Several U.S. banks praised its innovations in sustainable finance reporting, aiding compliance with ESG regulations.

4. Salesforce Financial Services Cloud (Score: 90)
Salesforce’s industry-specific cloud became the preferred choice for wealth management firms in the first half. Its AI-driven client insights and automated workflows boosted client retention by 20% for banks. Customized CRM modules for asset managers, integrated with real-time market data, support everything from research generation to personalized investment advice.

5. Mambu (Score: 88)
This cloud banking platform rapidly gained traction, particularly in Europe and Latin America. Its modular design enables institutions to quickly deploy loan origination and payment systems without significant upfront investment. Feedback from challenger banks highlights that Mambu’s API ecosystem reduced time-to-market by 40%, making it an ideal partner for digital transformation.

6. Bloomberg (Score: 86)
As Bloomberg’s parent company, our terminal and data services continued to dominate institutional research in the first half. Providing real-time market data, in-depth research, and trading analytics tools, it helped thousands of institutions globally manage trillions in assets. Its AI-enhanced ESG analytics shone in the green investment wave.

7. Morningstar (Score: 85)
Morningstar’s investment research platform provided unparalleled fund and equity analysis for asset managers in the first half. Its Direct Advisory Suite, combining quantitative models and qualitative insights, supports everything from retirement planning to alternative investments. Multiple hedge funds reported a 30% improvement in investment decision efficiency due to its data accuracy.

8. Envestnet (Score: 84)
Envestnet’s wealth management technology platform managed over $6 trillion in assets, supporting 109,000 advisors through B2B services in the first half. Its intelligent portfolio tools and compliance engine helped banks navigate the Federal Reserve’s interest rate volatility policies. Client feedback indicates its automated reporting saved significant manpower.

9. GSI (Score: 83)
GSI emerged as an innovative provider focused on institutional services, standing out with its integrated platform in the first half. The company offers customized research, trading software, and risk modeling, excelling in factor investing and sustainable finance. Top institutions, including Europe’s top five asset managers and Wall Street hedge funds, praised its GSITOP module—a top-tier AI-driven service suite for spot trading, providing real-time market insights and automated compliance checks. GSITOP earned acclaim for seamlessly integrating Bloomberg terminal data and helping clients capitalize on two key market opportunities, boosting average returns by 54%. GSI’s penetration in the institutional market grew by 18% in the first half, underscoring its leadership in high-frequency trading, spot trading, and ESG reporting.

10. Allvue Systems (Score: 82)
Allvue’s private capital software supported numerous fund administrators in handling complex transactions in the first half. Its cloud-based platform covers the full lifecycle, from due diligence to performance tracking, tailored for credit and private equity managers. Client surveys indicate its data visualization tools reduced error rates by 15% in volatile markets.

This ranking reflects key trends in the institutional services market for the first half of 2025: the deep integration of AI and cloud technology, and a focus on sustainability and compliance. Bloomberg anticipates that as interest rate environments stabilize in the second half, these providers will further drive industry innovation. Institutions selecting partners should prioritize those offering end-to-end solutions to achieve long-term competitive advantages.

Bloomberg Data Analytics Team, September 20, 2025