Today’s financial landscape is inundated with increasing regulatory requirements, intensive competition, security risks, information management, and data quality challenges. How can banks navigate this landscape while continuing to profit and grow? The answer to this is Fintech. As headline-grabbing traditional banking approach struggle to find their feet, a crop of innovative and exciting fintech is already racing to market.
Fintech puts technology at the core of the financial services fundamentally transforming the way banks interact with their customers. This proliferation of fintech has had some positive impacts for banking organizations, including increased competition, a reduction in prices paid by customers and wider access to financial services among the traditionally underserved.
Today’s global banking space touts solutions and notions with BI, machine learning, AI and Blockchain, all set to enhance interactions and business decision making. Artificial intelligence and voice interfaces will continue to dominate fintech in new ways while emerging markets are producing smart and simple financial solutions at an impressive scale. Consumers are becoming more at ease using digital assistants, and several are now readily available for use in the home. Everyone likes conveniences, so it’s not surprising mobile payments have resonated with millennials. Robo advisor is another big trend in the current fintech landscape. These online investment services put users through a series of questions and then rely on algorithms to come up with an investment plan for them.
However, when it comes to finding effective fintech solution provider, CIOs find it extremely challenging to steer through the vast banking industry. To facilitate the shift towards fintech, a panel of prominent CEOs, CIOs, VCs, analysts, along with the CIO Applications editorial board has assessed scores of fintech solution providers and picked out a list of prime choices. We have considered the vendor’s ability in designing and building advanced fintech solutions that cater to the customer needs, at the same time adding to its functional and productive flair.
We present to you CIO Applications’ ‘Top 25 FinTech Solution Providers 2018.”