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Top 10 FinTech Solution Companies – 2020

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."

Top FinTech Solution Companies

Aleta Planet

Founded in 2014 in Singapore by a team of professionals with strong business and technology expertise within the banking and finance industry, Aleta Planet is at the forefront of facilitating cross-border payments to and from China. It specialises in end-to-end technology solutions for financial institutions and corporates. Aleta Planet provides payment services regulated under the Payment Services Act, governed by the Monetary Authority of Singapore. It focuses on a client-specific, solutions-oriented approach and has successfully delivered leading-edge technology solutions. Aleta Planet is also a direct acquirer and issuer of UnionPay, offering cross-border, multi-currency transactions safely and securely. Being a Certified Principal Member of UnionPay International, Aleta Planet enables merchants to accept over 8.4 billion UnionPay cards issued globally. Additionally, Aleta Planet issues UnionPay commercial and retail cards

www.aletaplanet.com

AQUMON

AQUMON is a Robo-Advisory firm based in Hong Kong. Our mission is to bring professional wealth management service to every individual. We utilize an algorithmic, data and machine learning approach to provide clients access to diversified global asset allocation. Through our easy to use intelligent platform, our customers can seek to maximize long term return with low cost, low risk and transparency. AQUMON is currently working with more than 50 leading financial intuitions and asset management firms across the region and we will continue to expand our footprint and offerings rapidly in the coming days

Bondlinc

Bondlinc is a Wealth Management solutions provider certified by the Singapore Fintech Association, and has attained several industry accolades including the Best Regulatory Reporting Solution and Most Innovative Solution by the Asian Private Banker. Its platform which is the only Fixed Income solution endorsed by the Private Wealth Management Association of Hong Kong (PWMA) helps Financial Institutions fulfil their evolving regulatory obligations, and improve bond sales and trading efficiency by empowering users with data-driven insights

China Systems

China Systems is the leading Trade Services Solutions vendor in the world, with offices throughout Europe, the USA, Asia, and the Middle East. With more than 150 customers worldwide, China Systems has a growing and loyal, international customer base. Established in 1983, China Systems has gained extensive experience in international banking systems by exploiting the functional adaptability and development capabilities of Eximbills, its renowned toolkit for Trade Services within the banking industry

Demyst Data

Demyst unblocks the most important use cases through the unrealized potential of external data. They help enterprises across the globe with their data access to solve risk, automation, and growth objectives. Their team of data specialists is distributed across the US, Europe, and Asia. The deepest collection of consumer and business data ingested from hundreds of vendors and integrated across major data exchanges. Optimized workflows and functions that support your customer journeys and business rules

FinTell

FinTell, taking the meaning of“empower finance with intelligence through science and technology,” is a one-stop high-end fintech service company which based on mobile Internet big data and provides intelligent risk control decisions and systematic solutions for banks and other licensed financial institutions by applying new technologies such as artificial intelligence and combining professional risk control experience. Based on products and services, holding the concept of win-win sharing, Fintell help banks and other licensed financial institutions to realize inclusive finance and broaden service boundary, so as to realize the corporate vision of “empower finance with intelligence”

Fundwave

Fundwave provides Software-as-a-Service for alternative funds such as Private Equity Funds, Venture Capital Funds, Real Estate Funds and Fund of Funds. Fundwave's flagship fund administration software can allocate numbers between your LPs, generate capital notices and NAV statements, automatically generate journals and financial reports, and help you create beautiful drag and drop visuals for your presentations

Goals101

Goals101 is one of the fastest growing big-data platforms (the Alpha Platform) in the region. The Proprietary Engine of the Alpha Platform is powered by machine learning, deep learning and artificial intelligence, designed by some of the leading scientists across the globe. The company creates value for its clients by leveraging various enrichment sets, to bring them improved, intelligent and sustainable results. They use automation to bring up speed and create ease of management. Goals101's technology is cutting through the overload of digital stimuli, making marketing more relevant, personalised and beneficial for its clients and their consumers

Trading Central

As a premium, one-stop-shop for investment decision support, they firmly believe the best way to support today's online brokerages is by facilitating the long-lasting success of their investing customers. They do this by helping their 80+ million self-directed investors find and validate new opportunities, time their trades, learn about financial markets and manage their risk. Their online broker solutions deliver engaging, actionable insight through an award-winning fusion of proprietary automated AI analytics, beautiful user interfaces, and registered investment adviser expertise.

Wallyt

Wallyt is one of the most promising Hong Kong based FinTech companies dedicated to providing mobile payment and open banking solutions. Wallyt now serve more than 100 banks and financial institutions in over 50 countries and areas. The total transaction value has been more than 150 billion worth USD. Wallyt offers All-Inclusive Digital Payment Solution, including the Intergrated Payment Gateway, White-labal and customized eWallet Solution, Virtual Card Issuing Solution, Collect&Disburse, Cross-border Remittances, Digital Banking Solutions etc