Historically, the financial services industry has significantly lagged behind other verticals in adopting and utilizing multifold benefits that latest technologies have brought forth in today’s time. However, this traditional approach of serving consumers via offline methods is not only time-consuming but also cumbersome and cost heavy. To turn the wagon toward the right direction that drives better outcomes for financial organizations in lesser time frame, FinTech companies are presently including any technological innovation and automation technologies in its portfolio.
The change in the functioning of FinTech firms has become highly evident in past few months owing to emergence of technologies such as blockchain. Incorporating blockchain into Fintech has changed the global e-commerce space. In the international market, cryptocurrencies like Ripple are making it easier for individuals too transfer money oversees instantly without worrying about losing any fraction of fund during the process. Similar to Ripple, there is an entire sector of cryptocurrency dedicated on providing international money transfer solutions to for personal as well as corporate reasons. Additionally, blockchain technology offers a reliable and trusted peer-to-peer payment experience.
With such technologies making their way into the FinTech industry, the future of this vertical is indeed promising and is already here. A distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of CIOApplications Europe have selected “Top 10 FinTech Solution Providers - 2019.” These vendors are even adept at delivering solutions that are affordable and at par with ever-changing and disrupting FinTech landscape.