Fintech, the portmanteau of finance and technology, represents the collision of two worlds. Winners in the fintech space are primarily emerging at a regional level rather than global, similar to traditional retail banking. This is a direct effect of the regulatory complexity that exists within countries resulting in fintech solution providers investing more in regional compliance rather than launching a global effort.
The buzz around artificial intelligence (AI) applications in fintech is at an all-time high, but to date, a few standalone use cases have been scaled and monetized. Instead, more advanced modeling techniques, such as machine learning are supplementing traditional analytics in fintech. Alongside AI, blockchain has begun to take over the conventional banking system. Blockchain applications help reduce paperwork and also address a critical concern of fintech, security, by offering organizations an option of storing information on tamper-resistant ledgers.
Inspired by the innovative trends revolutionizing the industry, this issue of Banking CIO Outlook is elaborately crafted to assist you in fostering productive partnerships. In this edition, we have compiled a list of the top 10 fintech solution providers to highlight the companies making significant contributions to the fintech world in 2019. Equipped with innovative technological capabilities, these service providers are set to transform the fintech industry. This edition also blends thought leadership, from subject-matter experts with real-life stories, on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.
We present to you Banking CIO Outlook’s “Top 10 Fintech Solution Providers – 2019.”
