Today, banks and other financial institutions are increasingly adopting strong customer-centric models that deliver an enhanced customer experience. The financial technology (fintech) industry is playing a pivotal role in effectuating this transition. With the increase in venture capital (VC) funding and technological advancements, fintech is spurring a new wave of services in the industry. From personal digital assistants to investment tools, fintech is responsible for some of the most innovative and intuitive solutions in the financial services industry. Thanks to fintech, financial services and technology have converged together today, and with this union comes both synergies and disruptions.
On that front, artificial intelligence (AI) and machine learning remain the prominent technologies that influence the rapid growth and development of new solutions in the fintech industry. For instance, AI is extensively being leveraged to develop personal digital assistants, provide personal financial advice, and enhance customer engagement. And through machine learning, these AI-engineered chatbots and assistants can get smarter with time. Similarly, big data can enable financial institutions to provide personal and actionable insights to customers. Utilizing big data, these institutions can also give relevant product and service recommendations to potential customers using targeted marketing. Blockchain is another major technology that can disrupt the sector. While the growth of blockchain has been slow in the sector, it can significantly improve the speed and security of financial transactions.
At this juncture, there is a variety of fintech solution providers and consulting/ service companies available in the market that caters to the different needs of the banking and financial institutions. To help them choose the solution, consulting, or service that best fits their requirement, APAC CIO Outlook has compiled a list of the top 10 fintech solution providers and consulting/ service companies. The enlisted solution providers and consulting/service companies are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you APAC CIO Outlook’s, “Top 10 FinTech Solution Providers – 2020."