While disruptive technologies such as cloud and big data analytics have been making brisk strides in enterprise technology space, banking industry moved steadily with its own share of apprehensions. Customer’s data security, a factor that guided most of their decisions, remained the utmost concern. So the industry has been relatively slow in adapting to this far reaching digital transformation. However, rising customer demand and growing competition forced financial organizations to adapt technology into their core processes and improve their operational efficiency. Given the size of addressable market in mobile space alone and many other changes that are coming along with it, banking industry is now investing heavily on technology to create a customer centric model, simplify their operating model and proactively managing risk and regulations. Moreover, faster information, greater transparency and improved risk management have also paved the way for an efficient IT driven model in the financial services industry. Social media, mobile, cloud and analytics have further opened up opportunities to realign business processes and thereby, improve performance. Confirming these dramatic changes in payment modes and pace of IT adoption is Juniper research’s estimation that worldwide mobile payment volume would touch an incredible $240 billion this year itself.
Keeping in mind how a prudent investment in banking technology can bolster bottom lines of financial services organization, editorial team of ES Outlook has meticulously picked up a slew of firms in banking space and critically evaluated them on their technical and business understanding prowess. Based on that, we have handpicked vendors who understand client’s processes and are able to align their businesses needs with their prudent services. This particular issue of ES Outlook portrays industry’s best and trustworthy service providers who were able to deliver phenomenal results year after year. By bringing industry’s 25 Most Recommended Banking Services Providers, ES Outlook strives to build a vital link between financial organizations and the banking service provider experts.