Financial services, from the beginning, had to collect and document sensitive customer data. The financial sector was one among the many to adopt technology to improve convenience, security and to keep up with the competition. Financial services have merged with technology to protect data from theft, ease transactions, to sell insurances policies, mutual funds and cryptocurrency with the aim of making financial services more accessible to the general public. Fintech services encompass a range of businesses that manage money, credit unions, banks, credit card, insurance, accountancy, and consumer-finance companies as well as stock brokerages, investment funds, and other individual managers.
It is safe to say that fintech or financial technology has exponentially improved safe and accurate payment solutions which allowed companies to proliferate but has also made fintech vendors continuously find new ways to protect sensitive customer and corporate data from cybersecurity threats. Online fintech services happen to be the most common target of cybercriminals. Fintech Companies now leverage business intelligence (BI), machine learning (ML), blockchain and artificial intelligence to enhance interactions, help in better decision making and also safeguard against cybersecurity threats.
However, when it comes to finding effective fintech solution vendor, companies 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 companies 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”.