Top 20 Banking Technology Companies - 2017

As the year unfurls, it heralds a shedload of new bearings for the banking space. Standard technologies like artificial intelligence and robotic process automation are revived through convergence with new voice commerce models, IoT data, and robo-advisers to offer a more personalized and digitized banking experience for the end consumers. A relevant example is the Chatbot which, by unifying personalized attention and automation, is effecting the disruption of traditional customer service in the financial industry. Forward-thinking banks are already making headway toward ‘conversational commerce’—the trend of interfacing businesses through voice technology—by leveraging Chatbots.

Into the bargain, platformification is the new argot taking the banking sector by a storm. Open API will emerge as a trendsetter—provisioning open, unified, multi-channel integration—whereby it will empower banks to steer collaboration across all channels and partners. Through a mix of fresh and existing processes on API platforms, banks are on the move to kick off next-generation services that are crucial for drawing and retaining customers. In the same line, financial institutions are gravitating toward Blockchain experimentation— harnessing the technology in customer-oriented business processes—with a vision to procure a competitive edge on top of pricing benefits. Companies striving to mount higher in the banking value chain look for the best solution providers.

The market today abounds in a bevy of banking technology solution providers armed with state-of-the-art technologies that can help companies gain proactive ideas to tackle financial challenges. A distinguished panel comprising CEOs, CIOs, VCs, industry analysts, and CIOReview’s editorial board has reviewed the top banking technology solution providers and shortlisted the ones that are at the vanguard fulfilling the urgent demands of the industry.

We present to you CIOReview’s 20 Most Promising Banking Technology Solution Providers 2017.

Top Banking & Insurance Companies

Delivering solutions to the financial services industry, driving business and technology change through proven global expertise

Docutech is accelerating Digital Lending by delivering compliant, dynamic, and secure documents and technologies for mortgage, home equity, and consumer lending

Provides an email encryption solution that adapts to a variety of communication environments and delivery methods

Provides visual compliance solutions that automate screening of watch lists for financial services companies to ensure compliance with global practices like FPCA

Supports asset liability management, risk assessment and management and other financial operations

A robust portfolio of identity management solutions allowing rich as well as safe banking experience

Offers industry leading information archiving and eDiscovery solutions for on-premise, Cloud, and MSP/ISP-hosted multi-tenant environments

Derivatives risk management software that extracts data to create smart contracts and automatically aligns them to market events

Embedding artificial intelligence into the banking industry to provide practical and real-time solutions

Provides volume insensitive, instrument agnostic STP solutions that deliver control to the transaction lifecycle

Delivers a single, integrated platform for ATM operations, marketing, and UX

FIS [NYSE:FIS]

Provides software, services, and outsourcing of technology to empower the financial world

Jack Henry & Associates [NASDAQ:JKHY]

Delivers solutions to banks and credit unions nationwide through three business units; Jack Henry Banking, ProfitStars, and Symitar

Misys

Provides a unique modular, open architecture to enable customers to innovate, connect, and expand their existing banking services

nCino

Provides Bank Operating System, which allows financial institutions to deliver speed and digital experiences, backed by quality and transparency that bankers need

Payveris

Provides payment technologies to give financial institutions the control, flexibility, and consistency of a modern digital payments experience

Reval

Provider of a scalable cloud platform for treasury and risk management, to help banks better manage cash and liquidity

Risk Focus

An unrivaled track record of delivery for several banks' specialist solution needs

Temenos [SWX:TEMN]

Provides superior features for corporate banks, supporting profitability, customer acquisition, and retention

VASCO Data Security [NASDAQ:VDSI]

Provides banking solutions to enhance current security measures and seamlessly integrate with existing IT systems