20 Most Promising Financial Services Technology Solution Providers - 2016

20 Most Promising Financial Services Technology Solution Providers - 2016

Financial institutions are adopting innovative new technologies to increase their efficiency and deliver better customer satisfaction. These advancements are helping firms upend workflows and processes in an industry where there is no shortfall of concerns—from technology and reputation management to the talent wars and cyberthreats that capture the attention of financial services leaders. Tasks that were once handled with paper, requiring human interactions, are now being digitized. To grease the wheel, fintech companies are vigorously entering the mainstream to deliver highly focused financial services applications, often more effectively and less expensively than traditional companies.

Fintech companies are developing next-generation robo-advisors that better define savings solutions on the basis of goals and risk appetite, while being product neutral. These companies are also devising new methods for capturing and sifting data to detect fraud and monitor trading activity. Partnering with such providers to quickly implement their solutions as part of a coherent integrated product will enable financial services firms to effectively tackle the challenges. This involves assessing third-party technology providers and choosing software applications that best fit a financial institution’s business requirements, with the firm’s core services and brand metrics serving as primary guidelines for determining the technologies to embrace.

To simplify a CFO's task and help understand the latest technologies in the sector, CIOReview presents 20 Most Promising Financial Services Technology Solution Providers 2016.

A distinguished panel comprising CEOs, CIOs, VCs, and analysts along with the CIOReview editorial board has selected the leading financial services solution providers. The companies featured here demonstrate an ability to develop innovative technologies combined with outstanding customer service.

Company Name

Company Description

ACI Worldwide A Universal Payments (UP) company that powers electronic payments for financial institutions.
Computer Services, Inc Provides core processing, managed services, payments processing, and regulatory and compliance solutions to financial institutions and corporate customers.
Data3Sixty Data Governance and Collaboration suite combining the communication power of social networking with strong inventory, metadata management, event monitoring, data lineage and impact analysis capabilities.
Digility, Inc Providing a digital platform for seamless wealth management.
DST Systems Provides strategic advisory, transformative technologies, and operations outsourcing to the financial and healthcare industries.
FIS Provides retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions.
FLEX Provides credit union technology, offering the industry's most comprehensive member services platform, with advanced services embedded directly into a single core application.
Fortinet Provides a Security Fabric architecture to deliver security without compromise to address the most critical security challenges, whether in networked, application, cloud or mobile environments.
Fraedom Provides an intuitive, easy-to-use payments and expense management system.
Lumina Consulting Delivers pragmatic advice enabling clients to realize immediate value.
Moven Transforming banking customer interactions through unique mobile applications.
NetWatcher Provides easy to install and use, accurate and affordable cyber security protection solutions.
Pendo Systems Developer of the Pendo Data Platform, a tool delivering data science capabilities, text analytics, and data management.
Scivantage Provides Wealth Management and Cost Basis solutions to financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers.
SmartStream A global software and managed services provider with a focus on post-trade processing solutions for the financial markets.
Temenos Provides banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions.
ThetaRay ThetaRay is a leading provider of big data analytics solutions that enable financial services, critical infrastructure and industrial internet organizations to detect unknown operational and cyber threats, manage risk and discover revenue opportunities
Wolters Kluwer Financial Services Provides solutions for risk management, compliance, and auditing to optimize business performance in a rapidly changing environment.
Xtiva Helping financial sales forces outperform themselves with a full stack sales performance management suite.
Yext Enables financial institutions to manage location data across their websites, mobile apps, and internal systems.