20 Most Promising Banking Technology Solution Providers - 2016

Technology is rapidly transforming the banking industry by streamlining operations and enhancing customer experience. With customers’ demand for services and value on the rise, innovation in banking technology today focuses on developing customer-centric models, simplifying operating models, and actively managing risk and regulations. With the advent of digital banking, the industry is also seeking new ways to enhance security and avoid unauthorized access and data breaches.

To cope with the pace of change in technology and counter upcoming challenges, the banking industry needs to utilize the latest trends like social media, mobile, cloud, and analytics. In addition to these trends, the Internet of Things is also gaining potential as an ‘enabler’ for the banking industry. Players who integrate these technology trends into their line of business and leverage them to meet customer’s expectations will clearly emerge as the winners. There are scores of solution providers in the market that assist banking firms to achieve this feat.

In the last few months, we have analyzed hundreds of banking technology solution providers and shortlisted the companies that are at the forefront of tackling challenges in the banking arena. A distinguished panel comprising of CEOs, CIOs, and analysts including CIOReview’s editorial board has selected the final list.

The listing provides a look into how technology solutions for the banking sector are put to use, so that you can gain a comprehensive understanding of what solutions are available, which are right for you, and how they can help you optimize your business operations.

We present to you 20 Most Promising Banking Technology Solution Providers 2016.

Company Name

Company Description

Akana Providing comprehensive suite of API management, API security, SOA Governance, and Microservices solutions assisting banking and financial services businesses, accelerate digital transformation
Ascensus Specializes in record keeping, administrative, and program management services for financial institutions, partners, and professionals, supporting over 40,000 retirement plans and over 3 million 529 college savings accounts
Attivio Provides data analytics tools to reduce losses and drive revenue for banks
Cashbook Provides innovative cash management solutions for maximizing the automation of high volume financial transactions for all banks and ERPs
Cigniti Technologies An end to end independent software testing provider
Diebold Brings together a combination of innovation, expertise, and quality service that drives financial experiences globally
Docpath Provider of advanced document management software
First Data Provider of commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions
InfoWatch Provider of intellectual data protection solutions
Innovest Innovest focuses on the wealth management sector, empowering clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results
Laserfiche An Enterprise Content Management company enabling organizations to manage content better and automate document-driven business processes
Litera Litéra offers a comprehensive solution set that delivers the content life cycle control businesses want, without sacrificing the mobility and productivity they need
Miratech Offering innovative solutions and strategies that enable financial institutions to successfully transform and implement their businesses strategies
Nexright Provides banking services including architectural advisement, design, development and deployment of portal and security solutions
Numerix A provider of risk analytics technology for pricing, risk managing and modeling any derivative instrument or portfolio
Pacom Pioneering security communications over IP networks and developing integrated enterprise security solutions
Praesidio Providing solutions to link an organization’s cybersecurity policies with the millions of events where threats hide
SmartStream Technologies A provider of Transaction Life Cycle Management solutions and Managed Services to improve back office operations of financial institutions
TAS Group Delivers software solutions for electronic money, payment systems, capital markets and ERP
Tier1CRM A provider of specialized Cloud Computing CRM solutions for Capital Markets and for other financial services market segments