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When Banks Partner With Fintechs: 6 Keys For Success

Top 10 Fintech Solution Companies - 2020

Modern technological advancement is paving way to make almost everything in our life, available online. With the introduction of FinTech, alternative solutions, and a variety of business models have continuously been emerging, which could potentially render traditional banking practices obsolete. FinTech completely alters the way certain financial services are performed. It also allows current financial services and products to be delivered in arguably innovative ways. Countless startups have now appeared which provide services that are more specialized and are cheaper, faster, and more convenient than those offered by their predecessors.

As the banking industry continues to grow, it has also learned to adapt to its shortcomings and new challenges through the use of the right tools, proper management, and adequate regulatory policies in place. For anyone thinking about signing up with a FinTech provider, there are some things to take into account.

To help companies navigate through the best-of-breed ERP solutions providers, Banking CIO Outlook has compiled a list of “Top 10 FinTech Solution Providers 2020.” The enlisted firms are transforming banking operations and processes at the intersection of various disruptive technologies.

We present to you Banking CIO Outlook’s “Top 10 FinTech Solution Providers - 2020.”

Top Fintech Solution Companies

Enterprise Engineering is an industry-leading IT consulting services firm that assists institutions to future proof their business and maintain a competitive advantage in today’s ever-changing marketplace by providing a comprehensive suite of services. The company pioneers in providing application modernization services for financial institutions helping them with their digital transformation initiatives. They work with leading institutions to unravel aging systems that are overly complex and guide them to choose the best technologies that provide maximum value to the business. EEI helps enhance customer experience, provide organizations with a modern platform that works in tandem with new technologies, and augments scalability.

joineei.com

Offers a unique bank operating system built on open banking, cloud, microservices, and micro applications architecture that allows financial institutions to innovate at speed

finzly.com

Argus Information and Advisory Services

Argus Information and Advisory Services

Argus, a Verisk Financial business, provides solutions today that meet the demands of tomorrow. The company’s capabilities aren’t only limited to generating and analyzing consumer data; rather, it covers the entire spectrum, from customized data management, business intelligence (BI), and regulatory reporting. Analytics teams, product managers, chief data officers, sales teams, and C-level executives all benefit from the interactive reporting, dashboards, and multifaceted analytical capabilities Argus delivers, empowering them to set strategies that reduce costs, streamline processes, and power productivity. Argus also maintains unique connectivity across its proprietary data assets for digging deeper and uncovering elusive answers related to regulatory reporting, business intelligence, risk management, and consumer behavioral analysis.

Datapro

Datapro

Datapro, Inc., one of the world’s premiere software development companies, is dedicated to streamlining business processes for the banking industry It developed integrated banking systems to help financial institutions operate more efficiently, gain enhanced ROI and deliver higher levels of customer care. The spectrum of customers it is currently working with range from the agencies of foreign banks in the U.S. to offshore banks in Central and South America and the Caribbean, and varies from smaller banks with only a few employees to large commercial banks with thousands of employees and millions of customers

Financial Network

Financial Network

Financial Network, Inc. offers comprehensive support for lending, origination, and analytical operations. FNI solutions are built on a set of time-tested components, with solutions for the Financial, Insurance, Collections, and numerous other industries. Through 25 years of providing custom credit lending solutions, Financial Network, Inc. stands as the market expert in robust credit lending platforms. Based on our experience creating truly custom products, we have assembled FNI Turnkey and FNI Turnkey Plus solutions. These FNI Turnkey solutions are the culmination of the best practices that can only come from years of experience. For clients seeking a fully customized solution, FNI has custom solutions in place with 3 of the 5 largest U.S. banks and lending institutions.

Silent Eight

Silent Eight

Silent Eight's technology is based on Artificial Intelligence, which means it can solve problems that simple rules-based solutions cannot.It's system scan multiple data sources (structured, semi-structured, and unstructured) in variable formats, including online news articles, and databases from reputable sources. It uses advanced multilingual identification that bypasses language barriers to make that process smoother and easier. This capability is used in combination with a full analysis of other data to confirm a person’s identity with a high degree of certainty

Surecomp

Surecomp

Surecomp® is the market leader in global trade finance solutions for banks and corporations. It provides an innovative portfolio of digital trade finance, supply chain finance and treasury solutions, streamlining the transaction lifecycle to enhance operational efficiency, ensure compliance and drive growth. It is partners with banks and corporations of all size and type in more than 80 countries across the globe. It offers full cloud, hybrid cloud or on-premise installation for maximum deployment flexibility adhering to the highest security, data segregation, storage and messaging standards including SWIFT certification

Synpulse

Synpulse

Synpulse is an international management consulting company and valued partner of many of the world’s largest financial services providers. Synpulse has offered its clients excellent solutions, enabling them to generate high added value. It supports its clients in the whole process from working out strategies and realizing them operationally through to technical implementation. It invests approximately 10% of its financial and human resources in comprehensive further education as part of its «AcademyProgram®»

The Bancorp

The Bancorp

The Bancorp, Inc. (NASDAQ: TBBK) is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the Fortune 500. It focuses on a handful of high-growth financial service sectors such as Payments, Institutional Banking, and Specialized Lending has resulted in tremendous organizational growth and widespread recognition. It comprises a diverse team that includes bankers, business strategists, fintech experts, software developers, program managers, regulatory advisors, information security specialists and category thought leaders, all eager to provide their wide-ranging expertise in new and innovative ways.

Vertalo

Vertalo

Vertalo created its products by working with experts in the traditional financial sector and applying a partner-driven ethos to the development of the digital asset economy.Vertalo is a cap table, compliance, and investor onboarding platform utilizing blockchain to connect and enable the digital asset economy. A chain-agnostic pioneer in "direct custody" and secondary liquidity, Vertalo supports the ongoing asset management needs of private companies and broker-dealers. Vertalo enables any private asset to be instantly tokenized, stored in an investor's verified wallet, and traded in real-time based on the smart contract between the issuer and the investor