bankingciooutlook
Alty: Enabling Banks And Fintechs to Deliver Seamless User Experiences

Top 10 Mobile Banking Technology Solution Companies - 2020

The digital age and heavy investment in technology have brought a paradigm shift in the banking industry.From fintech solutions and neobank startups to retail and mobile banking, today, technology seemingly has its catalytic role in every innovationin the industry. Moreover, increasing demand from millennial customersfor a more enhanced digital experience is completely transforming the way the industry operates.Physical branches have become less of a necessity as smartphones became a ubiquitous phenomenon.‘Anywhere, anytime’ has become the new status quo as the industry is keeping a weather eye on the changing customer profile.To keep up with the race, most of the banking institutions have already started investing in technologies such as open APIs, big data engines, and chatbots.

Banking institutions have realized that innovation in mobile banking is the next competitive differentiator. This has resulted in exploding the sector with new ideas and applications from voice-first technology and AI to advanced biometrics and blockchain technology. Interestingly, several banks have already started using voice recognition as one of the methods for two-way authentication. Voice-first technology could also find its application in providing private banking access through smart devices such as Alexa or Siri. Additionally, even though distinct data sets and the risk of confidentiality havestymiedthe penetration of AI in the sector, experts predict that it will soon take over. Predominantly used in the sector to enhance the customer experience, AI has enormous potential in mobile banking such as risk mitigation, analytics, and hedge-fund management. Currently, many banking institutions are alsoleveraging biometrics to improve the solutions they offer. It helps them to develop next-generation identification controls that can combat fraud and make transactions more secure whileenhancing the customer experience. Another technology that is making its way in the sector is blockchain technology. The banking and finance industry is the largest consumer of the blockchainas it is predicted to improve efficiency and security, and increase cost-effectiveness.

At this juncture, there are a variety of mobile banking solutions available in the market that are agile and flexible. To help banking and financial institutions choose the best solution that fits their requirement, Banking CIOOutlook has compiled the list of the top 10 mobile banking technology solution providers. The enlistedsolution providers are the frontrunners in the market that provide a wide span of features. Besides, themagazine also comprises insights from thought leaders in the sector on the industry trends,best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you Banking CIO Outlook’s “Top 10 Mobile Banking Technology Solution Providers – 2020.”

Top Mobile Banking Technology Solution Companies

Alty is an app design and development company that helps startup entrepreneurs and financial institutions make digital interaction as simple as possible. The company’s specialization, however, lies in assisting fintech startups and banks through their journey of providing a direct channel to their customers to manage their accounts, make transfers, and much more. Alty also revamps clients existing applications or develops new mobile or web solutions as per their specific requirements to help deliver seamless experiences to the users

alty.co

Change Financial Limited

Change Financial Limited

Change is a US-based finch company listed on Australian Securities Exchange (ASX: CCA).Change has built an innovative payments and card issuing platform which is PCI DSS certified and Mastercard registered. The Company delivers innovative and scalable payments solutions for exisiting and emerging markets.Change is the first US Mastercard certified processor in the last 5 years and second in the last 20 years. Change’s Platform was built to address the changing payments landscape and industry drivers

FIS [NYSE:FIS]

FIS [NYSE:FIS]

FIS is a leader in technology and services that helps businesses and communities thrive by advancing commerce and the financial world. For over 50 years, FIS has continued to drive growth for clients around the world by creating tomorrow’s technology, solutions and services to modernize today’s businesses and customer experiences. By connecting merchants, banks and capital markets, we use our scale, apply our deep expertise and data-driven insights, innovate with purpose to solve for our clients’ future, and deliver experiences that are more simple, seamless and secure to advance the way the world pays, banks and invests

Fiserv, Inc.

Fiserv, Inc.

Fiserv is a global payments and Fintech company serving clients in more than 100 countries. In July 2019, we completed a transformative combination with First Data, advancing our leadership in payments and commerce-enabling technology to serve financial institutions, corporates, merchants and consumers. Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization

GoNet

GoNet

GoNet is an experienced, trusted and cost-effective global IT partner with technology products and services that support your business success. Founded in 1997, we have over 1000 technology experts and consultants that support clients on three continents. It offer cost-effective solutions and get IT done when and how you need it. Our team is highly skilled at quickly understanding your needs, analyzing current business processes, designing improved processed, and delivering the right technical solution to enhance productivity, within defined budget and timelines

Kasasa

Kasasa

Kasasa is the innovative leader in branded, community-powered banking products proven to drive profit and growth for community financial institutions. With nearly 900 clients, Kasasa is helping community institutions thrive even as the industry landscape presents new challenges and competitors. The Kasasa® suite provides a comprehensive strategy that integrates breakthrough products with world-class marketing and unprecedented access to training, compliance, research, support resources, and customized consulting. Kasasa complements an institution’s existing brand, enhancing their unique identity and local service advantage

Market Simplified

Market Simplified

Market Simplified is a leader in crafting mobile solutions for financial institutions across the globe. The move from just ‘Connecting the Channels’ to ‘Engineering Experiences’ is clearly becoming the way to the future. It helps in engaging unique audience requires intuitive design and a captivating experience that can turn new visitors into repeat customers. Things that are eventually complex must have a simple user experience if they are to be successful. A large number of financial services and technology firms have set their sights on integrating mobile devices into the broader, multi-trillion-dollar retail economy. As a result, the infrastructure and tools for safe, reliable mobile purchasing has been advancing rapidly in recent years setting the need for mCommerce along with mBanking

Sync1 Systems

Sync1 Systems

It is a Austin, TX based CUSO, utilizing the most member-centric technology to transform and power Credit Union lending for today’s ever-changing digital landscape. Founded by a team of credit union experts, we understand the unique needs of members. The 1Lending Loan Origination Platform exists to serve the member; we exist to serve the credit union. Understanding the credit union lending ecosystem is the main foundation of our organization. A great loan experience leads to a growth in membership. Sync1 Systems is a Credit Union Service Organization (CUSO) that understands the challenges that Credit Unions face every day. Its agile, highly configurable, cloud-based loan origination platform allows you to focus on the member experience while providing ideal rates in the shortest amount of time

TPS

TPS

TPS is a leading provider of cards and payment solutions, powering electronic payments for more than 130 banks and telecoms. Its customer base spans across the Middle East, South Asia, Africa and Europe with an increasing footprint across other regions.Aiming at revolutionizing the conventional banking, TPS excels in the provision of comprehensive suite of payment solutions for banks and financial institutions. With its diverse experiences in cards and payment systems, TPS offers real-time payment capabilities, enabling its clients to minimize time-to-market, unlock new revenue streams, reduce risks & control costs

Tyfone

Tyfone

Tyfone is a leading provider of digital security solutions for identity and transactions. Protected by 140 issued and pending patents, the company's secure solutions serve key industries such as financial services (including two of the Top 10 credit unions), the US Government, critical infrastructure, transportation, healthcare, and the Internet of Things (IoT). Secure solutions from Tyfone are used by hundreds of thousands of users and processed billions of dollars in transactions. The company is headquartered in Portland, Oregon, with major operations in Bangalore, India. The company has been credited by analysts to have invented security technologies that are becoming mainstream, including Apple Pay™