The rapid evolution of technology has become one of the most creative and strategic force in the financial ecosystem today. Since the advent of mobile technologies and devices, the entire financial services landscape has experienced significant disruptions and modifications in its layout. Many large banking corporations are no longer limited to serving their customers in a traditional brick-and-mortar structure, but instead, they are adopting digital transformation strategies to stay relevant among today’s highly demanding customer base. Along with the evolving users’ expectations, cut-throat competition in the financial sector to attract more customers has further compelled banks to emphasize improving customer experience by using data-driven marketing and personalization. Simultaneously, open banking has become an increasingly popular approach allowing customers to share their financial data with authorized third-party providers through APIs, thereby enabling Fintech service providers to offer innovative and lucrative deals and experiences to customers.

Today, as mobiles have become a globally operated gadget, mobile banking apps and mobile payment apps are two of the widely used and accepted services leveraged by people. Many Fintech firms are even teaming up with banks to bring financial services and products within the vicinity of mobile apps to simplify the way individuals perform their banking activities.

Also, blockchain and artificial intelligence (AI) are making their way into the Fintech market. While blockchain, on the one hand, proves to be a secure technology in digital payments, loan processing, and escrow services, AI, using its complex algorithms, could calculate the best investment opportunities and interest rates for banks.

Apart from these technologies, even big data and machine learning are also disrupting the financial services landscape. Recognizing the potential of Fintech services that is still to be unearthed, a distinguished board comprising of CEOs, CIOs, VCs, and analysts along with the editorial board of CIOApplications Europe magazine have selected Fintech service providers that are in the forefront of the banking industry.

We present to you CIOApplications Europe’s “Top 10 FinTech Consulting/Services Companies - 2019.”