Top 20 FinTech Solution Companies - 2020

Gone are the days when customers visited the branch offices for their banking needs. Technological advancements such as the Automated Teller Machine (ATM), online banking, bill payment, and mobile banking have ushered the era of consumer experience in banking and payments, while alleviating costs, increasing convenience, and streamlining processes. The shock of the great recession, coupled with the emergence of new technology applications in self-service, online and mobile banking, machine learning, Big Data, and artificial intelligence (AI) may now be sowing the seeds of financial services disruption.

As Fintech is good at moving money around, it opens up new possibilities within consumer financial services that were not available a few years ago. In addition, Fintech creates new competition, markets, possibilities and opportunities for the sector and regional economies, opening up possibilities that were unavailable a few years ago. And for businesses, it means an increase in the efficiency of operations. There is no doubt that the US has been a bit of a trendsetter over the years when it comes to the way Europe operates. Whether that is in imports, exports, retail, fashion, and real estate, what happens in the US is mirrored across Europe and the rest of the world. Though the industry conjures up images of startups and industry-changing technology, traditional companies and banks are also constantly adopting fintech services for their own purposes. Providing a quick look at how the industry is both disrupting and enhancing some areas of finance, CIOReview presents you “20 Most Promising FinTech Solution Providers 2020.”

TOP VENDORS

Top FinTech Companies

Alkami

Alkami enable's financial institutions to outsmart, not outspend, the Megabanks by delivering the nation’s most successful cloud-based digital banking platform. The Alkami Platform humanizes digital banking so both you and your users confidently grow by adapting quickly and building a thriving digital community. Through bold investments in technology, we enable new ways for you to meaningfully connect with your users while investing in a modern digital-first infrastructure built for scale, security and efficiency. Our award-winning culture pairs the best people with the most remarkable forward-thinking clients. Our authentic bonds illustrate why we remain the gold standard in digital banking

Arcesium

Arcesium is a technology and tech-enabled services company that strives to eliminate post-trade problems from the alternative asset industry. The company offers a gamut of comprehensive and flexible middle and back office solutions with an approach to incorporate flexibility and problem-solving ability. From real-time integration with order management systems to fortified and automated oversight of third-party administrators, Arcesium offers a unified and robust solution for the entire post-trade process. The company offers its Financial Data Stack product comprising a series of rapidly deployed, highly configurable modular technology applications that are easily integrated with other systems. To address the security aspect, Arcesium’s platform also offers a dedicated virtual private cloud for each customer to store data

Attunely

Attunely offers a proven, compliant, and trustworthy machine-learning platform that makes the recovery of receivables easy, seamless, and profitable

Eton Solutions

Offers an integrated wealth management platform for UNHW individuals and family offices to get a comprehensive view of their financial data and manage transactions

North Shore Systems

With more than 20 years history in offering web-based solutions, North Shore Systems (NSS) combines the benefits of a COTS solution with the flexibility of a custom-built one. At its core, the company is one of the most flexible and configurable platforms available, as it was designed specifically to allow clients to customize the functionality and to have the capability of modifying/adding to the functionality through client-defined and controlled administration. At its core, NSS is one of the most flexible and configurable platforms available, as it was designed specifically to allow clients to customize the functionality and to have the capability of modifying/adding to the functionality through client-defined and controlled administration

QCash Financial

QCash Financial offers a highly customizable SaaS-based lending platform to financial institutions. The digital lending platform of the company delivers highly-customized, small-dollar, short-term credit solutions to their consumers in a faster and more efficient manner. QCash Financial’s innovative and mission-focused solution includes a white-label, mobile financial wellness, and lending app that empowers credit unions in reaching the financially unstable in their membership and communities. The company also provides the convenience of a payday loan, but at lower costs and friendlier terms

Qolo

Florida-based Qolo is taking the bull by the horns in the complex global payments landscape by providing innovative payment solutions. The company is on a mission to simplify B2B cross-border payments. When the founders of the company got down to the brass tacks to develop the platform, their idea was to build a hybrid solution that combines the best of all worlds—speed, simplicity, cost—topped with their own secret sauce. Focused on both the payables and the supply chain sides of the overseas payments, Qolo works with clients to untangle the knotty processes and facilitate the free flow of payments

Remitter

Remitter provides an intelligent recovery system that streamlines the recovery process with a cutting-edge digital platform enhanced by artificial intelligence. The company enhance clients’ customer’s experience and increases their recovery success, with a white-labeled software that easily integrates with their current processes. Remitter’s proprietary intelligence drives actionable insights, and automatically interacts with customers using branded messaging and interfaces, personalizing customer experience and streamlining their receivables process. Remitter takes the stress out of recoveries with a personalized experience that uses artificial intelligence to create an experience that resonates with each individual customer

Revation Systems

Led by a team that strongly believes in forging human relationships to maximize CX, Revation Systems offers innovative and secure communication solutions that enable banks’ customers to achieve financial security. Team Revation believes in the power of human relationships and that innovation in communication will connect people at the bank with their customers. With such a belief, it enables secure and intelligent communication across digital and physical channels to deliver high-touch experiences to customers of banks, credit unions, and even healthcare organizations

Saphyre

The NJ-based Fintech startup has developed an easy to use, integrated pre-trade onboarding platform for the exchange of data and documents between asset managers, brokers, custodians, third party administrators, and clients. The single portal pre-trade platform by Saphyre leverages exclusive, patented AI technology ATTOM to structure all pre-trade data and documents speeding all client onboarding. The AI technology also helps in workflow management along with metadata tagging and tracking of documents. Through this, Saphyre is structuring unstructured data and documents in the pre-trade space to revolutionize and standardize the activities in the end-to-end trade lifecycle: from pre-trade to trade to all the way through post-trade. This allows Saphyre’s platform to maintain a memory of the data and documents, which waivers the necessity of searching for and resubmitting the information shared previously.