In the wake of digitalization, customers are keen on performing their day-to-day transactions through connected smart devices that simplify operations. Coupled with this, the proliferation of digital channels is constantly pushing CIOs to pursue strategies to improve sales and reduce costs to drive business in the retail banking sector. As a result, financial institutions around the world are relying heavily on automated banking solutions to manage client’s transactions and accounts.
The staggering growth of cloud services and big data analytics is helping banks formulate innovative consumer-centric strategies. Along with this, features like predictive analysis and transaction data monitoring are assisting them in providing customized solutions for a particular group of customers or even to an individual customer. These technologies are also helping banks improve risk management and compliance.
In order to drive success, it is essential for financial institutions to acquire greater expertise on coherent digital ecosystems that can ensure efficacy of their solutions while providing state-of-the-art services.
To help CIOs, CFOs, and CEOs find the right solutions for their retail 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 Retail Banking Solution Providers 2016.