20 Most Promising Banking Technology Solution Providers - 2019

The global banking sector is becoming both more strategically focused and technologically advanced to respond to consumer expectations while trying to defend market share against an increasing array of competitors. A great deal of emphasis is being placed on digitizing core business processes and reassessing organizational structures and internal talent to be better prepared for the future of banking. This transformation illustrates the increasing desire to become a ‘digital bank’. 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.

These efforts will only increase in 2019, as global financial and tech giants revolutionize the financial services arena. 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 CIOReviewIndia 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 - 2019.