Top 10 Most Promising Banking Technology Solution Providers - 2021

Top 10 Most Promising Banking Technology Solution Providers - 2021

Historically, Banks neither had the budget nor the interest to adopt technological innovations in to the operations. However, the traditional banking methods underwent rapid innovations in order to fit in to the widespread adoption of digital technologies throughout the globe. In a technology driven world, best in-class customer experiences became the pivotal determining factor in Banking. Tech experts were quick to observe the much-needed change in the Banking sector. This led to the emergence of Fintech companies that started offering crucial technological solutions which paved the way for people to manage their finances and banking needs on the go, digitally. And, amidst the global pandemic, the role of Banking tech solutions is even more vital than ever.

Today, Banks are increasingly acknowledging the efficiency and importance of Central Banking Solutions (CBS) that facilitates real-time centralized Banking. The demand for innovative Banking Solutions is driven by factors such as increasing need to provide enhanced customer services by banks due to the rapidly changing consumer market and the growing need to connect traditional banking systems to a centralized server or data center. The global Banking solution market is expected to reach a value of USD 9,359.89 Million by 2025 registering a CAGR of 5.61% from 2019 to 2025.

Realizing the need of the hour, after scrutinizing the market, CIOReviewIndia’s distinguished panel consisting of CEOs, CIOs, VCs, analysts, and the editorial team present to the readers a list of the 10 Most Promising Banking Technology Solution Providers - 2021. We believe the enlisted companies are equipped with the best Banking solutions to assist financial institutions in this digital transformation era.

We present to you CIOReviewindia Top 10 Most Promising Banking Technology Solution Providers - 2021.

Top 10 Most Promising Banking Technology Solution Providers - 2021

Company Name Company Description
Finacus Solutions Works on products such as WhatsApp banking, Chatbot, Video KYC, which offer the customer to directly interact with their bank.
FinBox Has suitable products like embedded finance SDK, Bank Connect, and Device Connect for alternate data under writing and automated LOS
FSS Facilitates a range of solutions like software products, hosted payment services, payment delivery channels like ATM, POS, mobile, cards, internet and wearable devices
Infosys Provides retail banking solutions to the wide array of requirements from the retail banks in the digital age
JMR Infotech Offers banking solutions in core banking, insurance, oracle applications, BFSI, digital banking, internet banking, financial services, retail banking, mobile solutions, microfinance and telecom
Latitude Fintech Delivers digital products, digital platform, banking transformation, integration and programme management
Megasoft Information Systems Provider of solutions like IT infrastructure, application integration, data engineering, software development services to worldwide clients
Naive Plus Software Solutions Provides digital core banking solutions for small and medium co-operative banking institutions across India, focusing on high quality services.
Nurture Software Solutions Delivering optimal technology solutions like banking and financial solutions with expertise in pilot implementation of core and electronic banking solutions, interface development to productize
Pennant Technologies The prime solutions offered include lending factory, which is a platform based end-to-end solution