Top 20 Banking Tech Solution Companies - 2021
Following the ill effects of the COVID-19 pandemic, companies and individuals across the globe are presenting to be in dire need of support from their financial services providers and banks. Players in the industry understand the need of the hour and have been adapting to the situation by employing the latest technological innovations to meet the demands of the market all the while streamlining their own critical business processes. Nevertheless, the challenges posed by legacy infrastructure continue to impede a complete technological revolution in several banking and financial institutions throughout the world. Innovations like cloud computing, artificial intelligence, big data analytics, and other high-throughput financial solutions have brought banks, especially government agencies, a little closer toward an ecosystem of truly digital workflows. Employing the latest products the fintech marketplace has to offer is the best course of action, and CFOs everywhere seem to agree.
Recently, the concept of neo-banks has propped up, where users are provided a retail banking experience that exists in a purely virtual environment. These digital-only banks offer financial services like P2P transfers, global payments, and cryptocurrency trading options. Amongst the new, more technologically inclined generation, this type of banking infrastructure is more appealing, as proven by various reports from countries like the US. The idea of Bank-as-a-service also strikes intrigue in the minds of tomorrow. Here, with access to all banking operations through APIs and trusted third-party vendors, users can conduct all their important financial business with a new level of speed, security, and convenience that has improved a bank’s customer experience quotient significantly.
At this juncture, there is a wide variety of banking solution providers entering the industry with a set of advanced and integrated offerings. To help companies navigate through the best-of-breed solution providers, CIOReview has compiled a list of the leading players in the field. This edition also offers a combination of thought leadership from subject-matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best solution providers and service companies according to your requirements.
We present to you CIOReview’s “20 Most Promising Banking Tech Solution Companies-2021.”