Banking and insurance are among sectors that have for long been dependent on legacy systems and technologies for record-keeping, analysis, and even customer service. This scenario however has changed quite significantly in the past few years. From managing workflows to transactions and even engaging customers, banks have geared up to obtain maximum benefits out of digitization that today seems to be taking over almost every vertical, for improved efficiency. The advent of online banking has offered great ease to consumers to not just keep a track of their accounts but also carry out transactions and even invest their funds and avail value added services online.
Banks are also working towards adopting cloud. A cloud-first strategy to business empowers the financial organizations to bring agility into on-premise operations and achieve more with less. Banks are also preparing to employ technologies like big data, blockchain, artificial intelligence (AI), and IoT to prepare for tomorrow and better serve the customers. Though these developments bring forth a gamut of benefits for consumers, yet many organizations find it difficult to leverage the benefits of this newly developing market.
To assist CIOs maneuver in the right direction while adopting banking technologies, a distinguished panel of CEOs, CIOs, VCs, and analysts along with the CIO Applications’ editorial board has selected the leading banking companies. The organizations featured in this edition demonstrate an ability to develop innovative technologies for banks.
We present to you Top 25 Banking Technology Solution Providers - 2017.
