The Finextra50 Financial Technology Index plummeted 10.2% to 46.68 last week led by Online Resources, Fidessa and Temenos. Worsening confidence in the global financial industry is fuelling the decline, as most Finextra50 companies are performing worse than general tech sector indices. The S&P 1200 Global Financial Sector Index itself fell 18.6% last week, and has lost 70% of its value since May last year.