Topaz
Topaz is a Brazilian financial technology subsidiary of Grupo Stefanini that sells Topaz One, a modular cloud-native full banking platform with fraud prevention, core banking, payments, and AI-driven customer experience modules to banks, fintechs, cooperatives, and retailers across 25 countries.
- Company typePrivate
- Founded1987
- HeadquartersIndaiatuba, Brazil
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Topaz does
Topaz is a Brazilian financial technology company operating as a wholly owned subsidiary of Grupo Stefanini, headquartered in Indaiatuba, São Paulo, with a contact office in São Paulo and operations in Uruguay. The company develops and sells Topaz One, described as the world's first full banking platform, marketed to banks, fintechs, cooperatives, microfinance institutions, retail/utilities/telecom companies, and consortium operators across 25 countries in the Americas.
The Topaz One platform is a modular, cloud-native ecosystem comprising nine integrated modules: FinancialCore (core banking), SecureJourney (fraud prevention and AML), FinChannels (omnichannel banking), FinXperience (personalized customer experience powered by open banking and AI), TechPay (payment processing including cards and Pix), TechInvest (investment and wealth management), FinOrigination (credit origination), BankingTools (regulatory and accounting automation), and OFD (online fraud detection for end-user devices). The architecture supports cloud, on-premises, or hybrid deployment, and the company maintains certifications including ISO 27001, ISO 9001, ISO 27701, iBeta facial authentication, and compliance with LGPD, GDPR, PIPEDA, UK DPA, APEC, and Australian Privacy Principles.
Topaz generates revenue through a recurring platform licensing and subscription model (module-based) supplemented by professional services for implementation, customization, and ongoing support. The company distributes via a direct enterprise field-sales organization targeting large financial institutions, supplemented by content marketing (blog, annual Pulso research report, whitepapers) and presence at industry events such as FEBRABAN. The company has 300+ institutional clients, including 4 of the 5 largest banks in Brazil, and its SecureJourney fraud suite is adopted by 90% of the Brazilian financial market while monitoring over 80% of mobile devices used in banking transactions.
Topaz firmographics
Firmographics- Name
- Topaz
- Legal name
- TOPAZ
- Website
- https://topazevolution.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Topaz is a Brazilian financial technology subsidiary of Grupo Stefanini that sells Topaz One, a modular cloud-native full banking platform with fraud prevention, core banking, payments, and AI-driven customer experience modules to banks, fintechs, cooperatives, and retailers across 25 countries.
- Ownership category
- akta.pro rank
Topaz industry classification
Industry- Product category
- Core Banking Platform Software
- NAICS
- Other Computer Related Services (541519), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
- akta.pro secondary industries
- Card Issuing & Program Management Platforms (BPAMAFAH), Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)
Keywords
Where Topaz is headquartered
LocationHeadquarters
- HQ city
- Indaiatuba
- HQ country
- Brazil
- HQ region
- Latin America
Offices3 records
Markets served
Topaz business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Licensing and Subscription: Topaz generates revenue through licensing its Topaz One full banking platform to financial institutions. The modular architecture allows clients to subscribe to specific modules (FinancialCore, SecureJourney, FinChannels, etc.) suitable for their operations, creating a recurring subscription revenue model.
- Professional Services and Implementation: Implementation and consulting services for deploying the platform, including system integration, customization, and ongoing technical support.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels10 records
Topaz product offering
Product offeringCore offering
Topaz sells Topaz One, a modular full banking platform delivered to financial institutions as licensed software. The platform comprises nine integrated modules — core banking (FinancialCore), fraud prevention and AML (SecureJourney), omnichannel (FinChannels), customer experience (FinXperience), payments (TechPay), investment and wealth management (TechInvest), credit origination (FinOrigination), regulatory automation (BankingTools), and online fraud detection (OFD). It is sold with cloud-native, SaaS-style and on-premises deployment options, supported by professional services for implementation and integration.
Product overview
Topaz offers Topaz One, the world's first full banking platform, which is a modular ecosystem of integrated digital solutions for the financial sector. The platform comprises nine core modules: FinancialCore (core banking), SecureJourney (fraud prevention/AML), FinChannels (omnichannel channels and onboarding), FinXperience (customer experience and open finance), TechPay (payments), TechInvest (investment/wealth management), FinOrigination (credit origination), BankingTools (regulatory automation), and OFD (online fraud detection). This comprehensive suite covers all layers of digital financial operations for banks, fintechs, cooperatives, microfinance institutions, and non-financial companies seeking embedded finance capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Topaz One: The world's first full banking platform, a modular ecosystem of integrated digital financial solutions including FinancialCore (core banking), SecureJourney (fraud prevention), FinChannels (omnichannel), FinXperience (customer experience and open finance), TechPay (payments), TechInvest (investment and wealth management), FinOrigination (credit origination), and BankingTools (regulatory and accounting automation).
- FinancialCore
- SecureJourney
- FinChannels
- FinXperience
- TechPay
- TechInvest
- FinOrigination
- BankingTools
- OFD (Online Fraud Detection)
- Pulso
- Cobis Topaz
Products and services
- Topaz One Topaz One is the company's flagship full banking platform — a modular ecosystem of integrated digital financial solutions sold to financial institutions. It bundles core banking, fraud prevention, omnichannel, customer experience, payments, investments, credit origination, and regulatory automation into one cloud-native suite.
- FinancialCore FinancialCore is the core banking system within Topaz One. It offers next-generation modular cloud architecture with scalability and configurability for financial institutions modernizing their core banking operations.
- SecureJourney SecureJourney is the fraud prevention and anti-money laundering suite within Topaz One. It protects financial institutions and their customers against financial losses across transactions and customer journeys, and is adopted by 90% of the Brazilian financial market.
- FinChannels FinChannels is the omnichannel suite within Topaz One. It transforms every contact point into a customer engagement opportunity, supporting digital onboarding and connected omnichannel banking experiences.
- FinXperience FinXperience is the customer experience and rentabilization module within Topaz One. It delivers personalized banking experiences powered by open banking and artificial intelligence to anticipate customer needs and expectations.
- TechPay TechPay is the payment processing module within Topaz One. It covers the full range from cards to PIX, including Pix Automático, Pix by NFC, and payment orchestration, positioning institutions at the forefront of the digital payment revolution.
- TechInvest TechInvest is the investment and wealth management module within Topaz One. It offers fixed and variable income products supported by technology that simplifies management and promotes portfolio diversification for financial institutions.
- FinOrigination FinOrigination is the credit origination module within Topaz One. It provides agile, secure, and efficient onboarding and credit concession processes to help financial institutions attract and retain customers without sacrificing user experience.
- BankingTools BankingTools is the regulatory and accounting automation module within Topaz One. It empowers IT teams to develop innovative financial products faster through automation, optimizing operations and accelerating time-to-market.
- OFD (Online Fraud Detection) OFD is an online fraud detection security solution that protects user devices during access to Internet Banking, E-Commerce, government sites, and legitimate financial institution applications. It extends the security perimeter beyond the institution to the end user's device.
- Open Banking Solution Open Banking solution with fraud prevention offerings and system integration capabilities, enabling financial institutions to participate in Brazil's Open Finance ecosystem under PSD2-aligned standards.
Quantifiable outcome
- 97% customer satisfaction rate
- +3 more outcomes
Companies that use Topaz
Customer profileNamed customers23 records
Segments5 records
Ideal customer profiles2 records
Topaz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability11 records
Feature9 records
Topaz partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- Grupo StefaninicoreTopaz is a subsidiary of Grupo Stefanini, one of the largest technology companies in Latin America. The Stefanini Group provides corporate backing, market reach, and operational support, with Topaz serving as the financial technology division specializing in digital banking solutions.
- Amazon Web Services (AWS)coreAWS serves as the primary cloud infrastructure partner for Topaz's full banking platform. The partnership enables cloud-native deployment of financial technology solutions, with joint implementations such as the Ailos core banking migration to cloud. AWS cloud infrastructure supports the scalability and 24/7 availability requirements of financial institutions.
- SensediamajorSensedia is a strategic partner for Open Finance initiatives, collaborating with Topaz on API-based financial ecosystems. Both companies view Open Finance as a major business opportunity and work together to deliver integrated solutions for financial institutions navigating open banking regulations.
- CobiscorpmajorCobis Topaz partnership for serving microfinance institutions across Latin America. The collaboration combines Topaz's financial technology solutions with Cobiscorp's regional presence to address microfinance sector needs in Peru and other Latin American markets.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Topaz competitors and assessment
Company assessmentBroad incumbents
- Intellect Design Arena: Provider of digital banking and core banking suites with a global presence; competes with Topaz's broader full-banking platform offering.
- Fiserv: Global fintech incumbent providing core banking, payments and merchant solutions; competes with Topaz across multiple banking modules.
- FIS: Large incumbent financial-services technology vendor offering core, payments and wealth solutions to banks worldwide, including a significant footprint in Brazil.
Regional players
- Cobiscorp: Latin American core banking and microfinance software provider with a Topaz partnership (Cobis Topaz); directly comparable on core and microfinance verticals.
Direct peers
- Mambu: Cloud-native SaaS core banking platform serving banks and fintechs globally; competes with Topaz's FinancialCore and TechPay for digital-first FI customers.
- Pismo: LatAm-headquartered payment orchestration and banking-core platform (acquired by Visa); directly comparable to Topaz's TechPay and payment processing capabilities.
- Thought Machine: Cloud-native core banking platform (Vault) increasingly competing for LatAm greenfield and modernization deals, similar in modular cloud architecture to Topaz One.
- Temenos: Global leader in core banking and digital banking software with active expansion into Latin America. Directly comparable to Topaz on core banking and omnichannel modules.
- Backbase: Digital banking and omnichannel engagement platform, comparable to Topaz's FinChannels and FinXperience modules, with growing presence in Brazil and Mexico.
Emerging players
- Sensedia: Brazilian API management and Open Finance specialist that is already a Topaz partner for Open Finance initiatives; adjacent competitor in open banking connectivity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Topaz social profiles
Digital presenceTopaz compliance and trust
Trust signalCompliance10 records
Topaz financial estimates
Financial estimateRevenue estimate
Valuation estimate
Topaz leadership team
Management profileNumber of profiles
Topaz subsidiaries and ownership
Company hierarchySubsidiaries1 record
Topaz funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Topaz M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Topaz
What does Topaz do?
Topaz sells Topaz One, a modular full banking platform delivered to financial institutions as licensed software. The platform comprises nine integrated modules — core banking (FinancialCore), fraud prevention and AML (SecureJourney), omnichannel (FinChannels), customer experience (FinXperience), payments (TechPay), investment and wealth management (TechInvest), credit origination (FinOrigination), regulatory automation (BankingTools), and online fraud detection (OFD). It is sold with cloud-native, SaaS-style and on-premises deployment options, supported by professional services for implementation and integration.
Is Topaz a public or private company?
Topaz is a private company. It is classified as corporate owned and is currently operating.
When was Topaz founded?
Topaz was founded in 1987. It employs 1,001 to 5,000 people.
Where is Topaz based?
Topaz is headquartered in Indaiatuba, Brazil, in the Latin America region.
How does Topaz make money?
Two revenue lines are on record. Platform Licensing and Subscription is the primary driver. The others are professional Services and Implementation.
Who are Topaz's main competitors?
Broad incumbents on record are Intellect Design Arena, Fiserv and FIS. Cobiscorp is listed as a regional player. Direct peers are Mambu, Pismo, Thought Machine, Temenos and Backbase. Sensedia is listed as an emerging player.
Does Topaz have an API?
Yes. Topaz's platform supports Open Banking infrastructure based on the PSD2 directive, enabling financial data sharing through APIs. The platform facilitates secure connectivity for the Open Finance era through its FinXperience module, which is powered by open banking and artificial intelligence to anticipate customer needs and expectations. The platform includes various API-driven modules for onboarding digital, credit concession, omnichannel platform, investment products, and anti-money laundering protection during shared data transactions.
What industry is Topaz in?
Topaz's product category is Core Banking Platform Software. Its primary akta.pro industry code is FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes), with a secondary code of BPAMAFAH, Card Issuing & Program Management Platforms. Its NAICS code is 541519 and its SIC code is 7372.