Top Fintech Consulting Companies 2020
Source: CFO Tech Outlook
Fintech organizations have realized that financial offerings of all types — which include cash transfer, lending, investing, and payments want to seamlessly combine into the lives of the tech-savvy and sophisticated customers of nowadays to stay relevant in a world the place commercial enterprise and private life come to be more and more digitalized. As technology advances with the aid of leaps and bounds, the fintech enterprise is opening doors to a broad array of services at a fraction of the fee of what it would have fee before. From lending, payments, insurance, and credit, banks and traditional monetary institutions are both partnering with fintech agencies or creating their solutions.
Fintech has created a vast influence on the monetary sectors, by way of leveraging some of the today’s innovations such as artificial intelligence, robotics, biometric applications, blockchain, peer-to-peer lending, and so on. Using fintech traits headquartered around ML and AI enables groups to recognize their clients’ preferences, behaviors, and expectations. This information helps offer the products and offerings to the target audience segments that they are most in all likelihood to pay for. The fastest-growing software region is the Chatbot — an automated application that simulates human-like conversations, or chats, via synthetic intelligence. A speedy upward thrust in the patron base and a demand for real-time purchaser help is fueling the massive adoption of AI-based chatbot technological know-how by means of increasing the range of economic institutions. AI-powered automation delivers a variety of effectivity that’s set to minimize human-related error. Processes are made faster and extra precise, with people given greater tedious duties to focal point on to deliver higher services.
Mobile banking and online lending are increasingly more turning into popular for their comfort via their effortless accessibility in smartphones. Customers can have real-time access to banking services and mortgage cash after quick processing of approval. On the different hand, Blockchain technology reduces forms as digital ledgers are up to date in real-time while storing records in an unchangeable manner. The essential advantage of blockchain technology is the dispensed infrastructure’s capability to share statistics which is impervious and unalterable, guaranteeing information safety & integrity. Protection from cyber-attacks is crucial in the financial sector, giving upward jostle to biometric technology that additionally offers quicker authentication. Facial recognition, fingerprint, and iris scans are imperative to avoid identity theft and hacks.
Financial services have to be sustainable and have to be progressively expandable to get a steady boom in the market. Fintech agencies want to remain abreast of the leading fintech tendencies and include superior applied sciences to remain beforehand in this fast-paced marketplace. With extra technological advancements set to improve existing offerings and probably introduce more modern processes, FinTech is expected to develop in the coming years.
Here Is The List Of Top Fintech Consulting Companies For 2020.
- Abelian Partners: Abelian Partners is a practitioner-based consulting firm that specializes in commercial credit, technology, and capital markets for financial institutions. The company grew out of experience in commercial credit and capital markets across the last 30 years of banking, and now embraces the fast-paced industry change occurring with developing fintech solutions. The company brings practical banking experience to consulting projects for fintech applications at financial institutions.
Check Out: https://www.abelianpartners.com/
2. Zafin: Established in 2002, Zafin is a leading provider of product and pricing control solutions, enabling banks to manage conduct risk and increase customer lifetime value. In the current environment, it is critical for banks to have certainty around the products and services to which their clients have access, to ensure that pricing is appropriate and fair, and to substantiate that fees and interest are consistent with contractual arrangements. Zafin’s cloud-based SaaS platform can be implemented quickly, with minimal to no changes required to existing production systems. Headquartered in Toronto with offices around the globe, Zafin is trusted by some of the world’s largest retail and corporate banks.
Check Out: https://zafin.com/
3. Abrigo: After Banker’s Toolbox acquired MainStreet Technologies and Sageworks in 2018, the company was re-branded as Abrigo. The complete enterprise risk management company empowers customers with customized solutions to automate key processes like anti-money laundering and fraud detection. Abrigo offers multiple products to handle fraud prevention, streamline the lending process, reduce credit risk, and the like. With prior experience of handling different fraud scenarios in ACH, checks, wire transactions, and debit cards, the company has created a single Enterprise Fraud Case Management system to handle several possibilities. Abrigo’s hands-on approach to fraud detection and prevention helps customers eliminate false positives as they utilize the solutions for maximum benefit.
Check Out: https://www.abrigo.com/ ……See More
