Top 20 Banking Technology Companies - 2018

Top 20 Banking Technology Companies - 2018

With customers becoming more demanding and tech savvy, banks are improving their modes of customer engagement and experience. The increasing competition and demand for digital banking platforms have caused massive investments to pour into the banking sector backed up by the latest technologies. As new competitors in the market, digital-only banks will be the new banking go-to for consumers.

Like with any other sector, AI and blockchain are making headway into the banking sector with an aim to make sense of the larger-by-the-day regulatory data with cognitive computing. AI will also be used to analyze data in a way that it can be used to reap maximum benefits from the regulations and real-time risk management within these parameters.

Banks associated with third-party providers like Fintech companies are implementing Augmented Reality and Virtual Reality to present immersive UX designs to drive consumer centricity and provide CX-based processes. Alongside immersive technologies, cloud adoption is also witnessing a boost with primary focus on security and regulatory compliance. Cloud is also opening up new avenues for big data analysis to shift from legacy data architecture and infrastructure to cloud-based private data centers.

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 forefront - fulfilling the urgent demands of the industry.

We present to you CIOReview’s “20 Most Promising Banking Technology Solution Providers - 2018.”

Company Name

Company Description

AI Foundry Provides financial institutions with actionable intelligence to automate manual processes, manage compliance, while driving business process efficiency
Apex Banking Software To bridge technological divide through affordable world-class products and services for enhancement of financial inclusion and enrichment of the financial sector
Arachnys Arachnys offers robotic process automation for KYC, AML, and EDD helping banks and financial institutions to accelerate the onboarding process
Automated Financial Systems, Inc. Provider of hosted private cloud-based Commercial lending and risk management solutions for financial institutions
Backbase Delivers a state-of-the-art digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless, digital customer experience
Capital Global Banking Provides end-to-end, integrated banking software with a suite of integrated and modular products for retail, corporate and private banks
eCurrencyMint Combines hardware, software, and cryptographic security protocols to provide central banks the tools to preserve their charter and doctrine in an increasingly digital economy
Finastra Provides pre-integrated solutions for retail banking, transaction banking, lending, and treasury and capital markets with flexible, componentized software allowing clients to upgrade existing systems through open interfaces
FIS Empowering the financial sector with software, services, consulting and outsourcing solutions focused on retail and institutional banking, payments, asset and wealth management, risk and compliance, trade enablement, transaction processing and record-keeping
HiveIO Inc. Provides customers with a simplified infrastructure solution that is cost effective for datacenters
In2IT Technologies To provide tailor-made services for cloud computing or BPM to help customers streamline their processes, ensure optimal usage of deployed solution and deliver a high performance customer -centric service
Innovatrics Empowers organizations around the world to integrate or build powerful and flexible biometric identification solutions quickly and easily
Kingland Systems Develops and manages enterprise-class data and compliance solutions that leverage AI
NET[net] Enables companies to scrutinize and optimize their strategic technology spend and implement digital transformation initiatives cost-effectively
Numerix LLC Numerix next generation technology solutions help Banks manage the complexities of the changing capital markets landscape, effectively manage risk and build a new competitive edge
Plus Technologies & Innovations Provider of solutions to protect against financial crimes
SAP SE Offering digital banking with a range of best-in-class bank systems and technology with a flexible SAP software for the banking and financial services industry
Silverlake Group Delivers high-end quality and state-of-the-art solutions with a defined banking strategy to generate value for clients and stakeholders
Temenos Group Temenos Group builds real-time, integrated and open software for the banking and finance industry
Trizic Provides digital wealth management solutions to the banks, credit unions, registered investment advisors (RIAs), asset managers, and broker dealers