Today, the financial landscape is inundated with emerging and convoluted regulatory requirements, security risks, and data quality challenges, among others. In light of this, banks are deploying cutting-edge fintech solutions in an attempt to traverse the highly competitive finance arena and expand their profits. With fintech, banks are transforming the way they interact with their customers, driving a reduction in prices paid and enabling wider access to financial services across populations that were conventionally underserved.
Currently, the banking space has critical solutions powered by business intelligence (BI), AI, machine learning, and blockchain, which are all technologies that can revolutionize customer interactions and decision making. Furthermore, as the behaviors shift from legacy processes to the usage of digital solutions, banks are applying innovative fintech solutions that enable mobile payments and other seamless avenues that are poised to boost efficiencies and enhance visibility and security for banks and customers alike.
However, when it comes to finding effective fintech solution and service providers, 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 and service providers and picked out a list of prime choices. We have considered the vendor’s ability to design and build fintech solutions that cater to the customer needs and the functional and productive value additions they offer to their clients.
We present to you CIO Applications’ “Top 10 FinTech Consulting service Companies – 2020