bankingciooutlook

Top 10 Core Banking Solution Providers 2016

In the epoch of volatile business conditions, banks today are seeking in-depth knowledge about customer behavior and leveraging business methodologies to design conventional as well as novel offerings that are in sync with consumer demands. Objectives such as improving the bottom line and building a loyal customer base form the core of these new practices. In the same pursuit, financial institutions are using automated systems to ensure seamless customer service, predictive analytics to understand business needs, and the power of mobility to constrain operational costs.

The methods to discern the customer preference have added business value to today’s core banking suite that manages loans, mortgages, payments, and money transfers with zero scope for opaque transactions. The added dimension has endowed banks with an arsenal to frame their business policies and define operational practices. In order to drive success, it is essential for financial institutions to acquire greater expertise on coherent digital ecosystems that can ensure the efficacy of their solutions while providing state-of-the-art services.

To help CIOs, CFOs, and CEOs find the right solutions for their core banking initiatives, a distinguished panel comprising CEOs, CFOs, analysts, and Banking CIO Outlook’s editorial board has selected the top players in the sector. The companies featured here demonstrate an ability to develop innovative technologies and methodologies, while providing outstanding customer service.

We present to you Banking CIO Outlook’s Top 10 Core Banking Solution Providers 2016.

Company Logo Company Name Company Description
Accenture Works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders.
Automated Systems Provider of core data processing solution, devised to address the unique software needs in community banks.
CeleritiFinTech A banking software and services company that delivers digital software and services to global banking clients.
CUAnswers CU*Answers offers a wide variety of services for credit unions in both SaaS and in-house environment.
FLEX Core system software provider for credit unions, including built-in support and single point access to cards.
NYMBUS Provides a modern and advanced core processing platform.
Pumori Banking Software Offers complete banking software solutions that meet the needs of today and also address the challenges far into the future.
TCS BaNCS Tata Consultancy Services Enables transformation in financial services through a suite of solutions for banks, capital market firms, insurance companies, and diversified financial institutions.
Technisys Provides service-oriented architecture-based multichannel software products for the financial services industry.
Temenos Provides the richest and most comprehensive core banking functionality coupled with massive scalability and straight through processing.