CIOReview selected OpenRisk as one of their twenty most promised banking technology solution providers in 2017.
As the year unfurls, it heralds a shedload of new bearings for the banking space. Standard technologies like artificial intelligence and robotic process automation are revived through convergence with new voice commerce models, IoT data, and robo-advisers to offer a more personalized and digitized banking experience for the end consumers. A relevant example is the Chatbot which, by unifying personalized attention and automation, is effecting the disruption of traditional customer service in the financial industry. Forward-thinking banks are already making headway toward ‘conversational commerce’—the trend of interfacing businesses through voice technology—by leveraging Chatbots.
Into the bargain, platformification is the new argot taking the banking sector by a storm. Open API will emerge as a trendsetter—provisioning open, unified, multi-channel integration—whereby it will empower banks to steer collaboration across all channels and partners. Through a mix of fresh and existing processes on API platforms, banks are on the move to kick off next-generation services that are crucial for drawing and retaining customers. In the same line, financial institutions are gravitating toward Blockchain experimentation— harnessing the technology in customer-oriented business processes—with a vision to procure a competitive edge on top of pricing benefits. Companies striving to mount higher in the banking value chain look for the best solution providers.
The market today abounds in a bevy of banking technology solution providers armed with state-of-the-art technologies that can help companies gain proactive ideas to tackle financial challenges. A distinguished panel comprising CEOs, CIOs, VCs, industry analysts, and CIOReview’s editorial board has reviewed the top banking technology solution providers and shortlisted the ones that are at the vanguard fulfilling the urgent demands of the industry.
We present to you CIOReview’s 20 Most Promising Banking Technology Solution Providers 2017.