bankingciooutlook

10 Most Promising Core Banking Solution Providers 2015

In the wake of digitization, customers today are more inclined towards performing financial transactions through their connected smart devices—laptops, computers, and mobiles—without physically visiting the bank. Consequently, banks all over the world rely heavily on automated banking solutions to manage client accounts and transactions in their widespread interconnected branches. In such a scenario, having a good core banking solution is mandatory to give customers complete access to the banking services in a timely manner.

Over the years, the concept of core banking has drastically improved with an explosion in cloud services, big data analytics, Service Oriented Architecture (SOA), and additional focus on client-centric strategy. Core banking solutions significantly add solidity to financial organizations by enhancing digital delivery, customer experience, and security. Further, features like predictive analytics and transaction data monitoring enable banks to adeptly offer solutions that suit a particular customer, while increasing the productivity. As a result, CIOs are constantly in pursuit of enhanced core banking solutions that can provide the required visibility for managing any kind of transaction adroitly.

In the last few months, we have looked at hundreds of core banking solution providers and shortlisted the ones that are at the forefront of tackling the challenges. In our selection we looked at the vendor’s capability to fulfill the need for streamlining crucial banking processes through efficient core banking solutions and integration of latest technologies.

We present to you Banking CIO Outlook’s 10 Most Promising Core Banking Solution Providers 2015.

Company Logo Company Name Company Description
Cobiscorp Serves the global financial service industry with integrated core, relationship and customer experience banking solutions that are flexible and scalable to meet today’s diverse needs of financial service organizations.
CSI A full-service IT provider specializing in core banking, managed IT services and regulatory compliance solutions for financial institutions.
eClerx Develops flexible reporting frameworks and methods to aggregate and analyze data in the financial institution to report worldwide.
FIS [NYSE:FIS] Provides an integrated, multicurrency, multilingual package flexible enough to use within organizations of any size, business structure, or geographic scale.
Fiserv [NASDAQ:FISV] Fiserv helps banks and financial organizations to provide better banking transaction methods to customers though their solutions.
Jack Henry Banking [NASDAQ:JKHY] Provider of integrated technology platforms needed by banks to process financial transactions, automate business processes, and manage mission critical customer and business information.
Jumio An identity management and credentials company that help businesses reduce fraud and increase revenue while providing a fast and seamless customer experience.
Mphasis Enabling organizations to meet the demands of an evolving core banking landscape by combining human capital with cutting edge technological solutions.
Smart Financial Financial Services implements and maintains innovative solutions to support the evolution and development of financial institutions in a dynamic environment.
SunGard Financial Systems A firm that provides software solutions and IT services to financial services industries to automate operations connected to trading, managing investment portfolios, and accounting for investment assets.