20 Most Promising Banking Technology Solution Providers - 2017

The Indian Banking and Financial services industry is undergoing massive changes with the advent of the digital transformation phenomenon. Having witnessed a shift from its traditionally competitive nature to a more collaborative one, the fintech industry has evolved significantly in the last few years and is now welcoming proactive technological transformation. Biometrics as an authentication service in BFSI is being increasingly employed to help financial institutions prevent insider fraud and establish secure employee authentication, concrete audit trail and accountability of every transaction. Furthermore, the growing mainstream popularity of technologies such as Blockchain, P2P lending platforms, P2P payments etc. has also brought about a massive disruption in the banking technology segment. However, despite the emergence of innovative utilities, the banking and insurance industry is still challenged by factors such as competitive pressures, changes in customer loyalty and stringent regulatory environments, all of which are pressurising the organizations to adopt new business models, streamline operations and improve processes. Thus, it is imperative for organisations to choose business partners that have the ability to resolve these challenges and meet their specific business requirements.

Moreover, to keep up with this rapid evolution, organisations need to embrace solutions that can encompass these innovations while managing costs, exceeding stakeholder expectations and complying with new regulations. With new entrants now challenging traditional technologies and enabling consumption and revenue opportunities that never existed, we present to you a list of 20 Most Promising Banking Technology Solution Providers. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXOs, analysts and CIOReview editorial board, we believe that these companies have the technical skill sets and business acumen to bring about the perfect balance between technology and the varied demands of the Finance domain.

We present to you CIOTechOutlook 20 Most Promising Banking Technology Solution Providers - 2017.