NAICS 5221Industry group · 4-digitnational market1 market record

Depository credit intermediation

This industry group comprises establishments primarily engaged in accepting deposits and lending funds. Deposits are the principal source of funds loaned. — Statistics Canada, NAICS 2022A

Establishments · CanadaA: 8,368
Under 10 employeesA: 19%
Establishments · USA: 109,816
Employment · USA: 1,927,517
Payroll · USA: $186.8B

Size and shape

How many businesses there are and how small they are. Fragmentation is the first thing an entrant — or anyone selling software into this industry — needs to know, and it is one of the few things that is actually measured.

Canadian establishments by number of employeesA

1–44976%

5–91,05713%

10–194,03148%

20–492,28327%

50–993524%

100–1991111%

200–499250%

500+120%

Of 8,368 Canadian establishments with employees, 19% have fewer than ten — weighted toward mid-sized establishments.

Where they areA

Ontario3,12537%

Quebec1,64820%

British Columbia1,17514%

Alberta1,04412%

Largest four provinces by establishment count. Establishments with employees only — sole operators with no payroll are not in this table, so in trades and personal services the true number of businesses is higher.

How many new establishments are still tradingA

Finance and Insurance, US · opened 2020

85.2%

1 year

65.1%

3 years

53.8%

5 years

38.4%

10 years

opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

How businesses here compete

The structural profile of subsector 522, which every industry beneath it inherits. This is analyst judgment from how the subsector is organised — not research into this industry, and not a measurement.

national competitionhigh capitalUNVERIFIEDinherited from 522 Credit intermediation and related activities

Deposit-taking requires a charter. Non-bank lending and brokerage are the reachable end, and they depend on funding lines from the institutions they compete with.

Who sets the price: Interest-rate markets and prudential regulators.
The software it runs on: Core banking, loan origination and servicing, compliance.

Market screens and studies

Market-entry records filed along this branch of the hierarchy. A record at or beneath this code is about this industry; one above it is about something wider that contains it.

No operating-business record sits in this industry — the record filed here is a software market, shown in the next section.

Software serving this industry

The vertical software markets filed along the same branch — who sells to these businesses and who they would have to displace — and then the generic categories every business buys whatever it does.

Vertical softwareScreened

Core Banking SystemsStructure decides

binding constraint: entry cost

Incumbent FIS, Fiserv, Jack Henry

A core replacement is the single riskiest project a bank undertakes — ledger, deposits, payments and regulatory reporting move at once — so cores are replaced roughly once a generation. The incumbents' position rests on that, not on product quality. The modern challengers (Mambu, Thought Machine, 10x) have each raised hundreds of millions and are still fighting for reference customers a decade in.

NAICS 52214 vendors named7 sourced figuresOpen →

And what every business buys · 25 generic categories

Sold to every industry rather than this one, so they are filed against the software industry's own code. The same few vendors recur across most of them.

Companies in this industry · 8

Every company this research names that is filed here or beneath — the operators, and the vendors that sell to them — largest disclosed revenue first. The rank is within the company’s own six-digit industry.

Company	Filed under	Revenue	Rank
FISNYSE:FIS	Depository credit intermediation5221	—	1/8
nCinoPrivate	Depository credit intermediation5221	—	2/8
FiservNASDAQ:FISV	Depository credit intermediation5221	—	3/8
Jack HenryPrivate	Depository credit intermediation5221	—	4/8
MambuPrivate	Depository credit intermediation5221	—	5/8
Q2Private	Depository credit intermediation5221	—	6/8
TemenosTMSNY	Depository credit intermediation5221	—	7/8
Thought MachinePrivate	Depository credit intermediation5221	—	8/8

Who works here

The occupations employed in Finance and insurance, most concentrated in it first. The share is measured against the whole sector, not this industry — the published cross-tabulation stops there.

Tagged to this industry

Managers in financial and business services

Concentrated in this sectorA

Insurance, real estate and financial sales occupations Mostly one sector 51.9%

Auditors, accountants and investment professionals Mostly one sector 43.1%

Computer, software and Web designers and developers Mostly one sector 7.6%

Managers in engineering, architecture, science and information systems Mostly one sector 6.4%

Judges, lawyers and Quebec notaries One industry 3.2%

Library, correspondence and other clerks Mostly one sector 3.1%

Service supervisors Mostly one sector 2.8%

Electrical, electronics and computer engineers Mostly one sector 2.8%

College and other vocational instructors One industry 2%

Cashiers and other sales support occupations One industry 1.8%

These jobs are mostly done here. An operator in this industry is competing for them against others in the same industry, not against the whole economy.

And the jobs every business has

Accounting, insurance and related business administrative occupations Across the economy 25.8%

Customer and information services representatives Across the economy 23.9%

Financial, insurance and related administrative support workers Across the economy 13.8%

Survey, statistical and data entry occupations Across the economy 9.1%

Administrative services managers Across the economy 8.9%

Administrative and financial supervisors Across the economy 8%

Technical occupations in computer and information systems Across the economy 7.2%

Legislative and senior managers Across the economy 6.6%

Office administrative assistants - general, legal and medical Across the economy 5.5%

Administrative, property and payroll officers Across the economy 4.5%

Found across at least fourteen of the twenty sectors. In a small establishment several of these are usually one person, or an outside provider.

All 162 occupations →

Inside this industry

3 rows sit directly beneath 5221, and 7 in all once every level is counted. Each has a base report of its own.

Code	Industry	Establishments · CA	What is known
52211	Banking	6,325	screened at 5221
52213	Credit unions	1,915	screened at 5221
52219	Other depository credit intermediation	128	screened at 5221

Alongside it, under 522 Credit intermediation and related activities

Code	Industry	Establishments · CA	What is known
5222	Non-depository credit intermediation	2,191	Mortgage Origination & Servicing Systems
5223	Activities related to credit intermediation	3,477	RegTech & Financial Crime Compliance Embedded Payments & Fintech for Vertical Software — renting the rail