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.”