Caught up with the digital fever, APAC banks and financial institutions are transforming at a phenomenal pace with the proliferation of groundbreaking technologies marking a new age in banking. To keep pace with this evolution, banks and financial institutions are investing across numerous technology platforms such as online, mobile, and social media to harness the ultimate power of digital technologies. However, in today’s competitive environment, the bank should rethink their tactics and have a clear picture of the technologies based on their priorities and requirements to implement the right fit in the midst of numerous technologies.
The technologies that are beginning to gain traction in banking include biometrics, the blockchain, chatbots, and more. These technologies are advancing the payment and financing options, bringing new customer identity solutions, offering an optimum customer experience, all while promoting a secure and compliant environment. For instance, the genesis of biometrics identity solution in KYC is gaining a lot of momentum in the banking arena with its single sign-on and unique customer identity, which is more reliable than traditional passwords or PINS. With this new identity solution, customers no longer need to fret about security requirements. Apart from biometrics, Block Chain is also an extensive partner of KYC, with which clients can experience a secure transparent financial transaction. With chatbots ability to go through a series of datasets, they are kicking off in the market with their accurate, instant response and superior customer experience.
By carefully scrutinizing the banking tech companies in APAC, a distinguished selection panel comprising CEOs, CIOs, VCs, and the Banking CIO Outlook’s editorial board has selected a list of the top banking tech companies in APAC that leverage innovative technologies and strategies to enhance today's banking processes. These companies offer powerful solutions coupled with innovative strategies that are distinctively prominent in the field.
We present to you Banking CIO Outlook’s “Top 10 Banking Tech Companies in APAC 2018.”