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.