IMTF: Ensuring Compliance while Offering the Best Customer Experience

Top 10 Banking Tech Consulting/Services Companies in Europe - 2018

The banking industry in Europe is going through a state of change due to the enforcement of GDPR and PSD2 regulations. The complexities introduced by these regulations have made the waters harsher for financial institutions in Europe regarding their control of a person’s private financial data. In the wake of these regulations, it is critical for financial institutions to ensure that the customer experience does not get adversely affected when they give customers more control over their personal information. For this, banks and financial institutions have started to invest across different technological platforms such as online, mobile, and social media to enhance and maintain customer satisfaction while ensuring compliance.

The technologies that are beginning to see the greatest traction in banking include AI, extended reality (XR), microservices, the blockchain, and so on. These technologies can not only ensure that financial institutions maintain regulatory compliance, but they also help them enhance their processes. AI has been increasingly used by financial institutions to automate repetitive, rule-based manual tasks from anti-money laundering monitoring to credit card fraud detection. This also helps in faster and less error-prone fraud detection. XR technologies such as VR, AR, and mixed reality (MR) have the inherent potential to lead to more meaningful customer engagements and improved workforce performance. Additionally, by leveraging technologies such as blockchain and microservices, financial institutions can decommission unnecessary legacy systems to bring forth a productive workflow.

By carefully scrutinizing the baking tech companies in Europe, 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 consulting/services companies in Europe that leverage innovative technologies and strategies to enhance today’s banking processes. These companies offer services coupled with innovative strategies that are distinctively prominent in the field.

We present to you Banking CIO Outlook’s Top 10 Banking Tech Consulting/ Services Companies in Europe - 2018.

Company Logo Company Name Company Description
Advanced Information Services S.A. Specializes in development and implementation of IT solutions for banking and financial institutions
AgileActors Delivers software development and data engineering services by building, coaching and managing cross functional teams of technology professionals which extend and enhance client’s development and engineering competencies
Backbase Provides Backbase Omni-Channel Banking Platform that empowers financial institutions to accelerate their digital transformation
Brainstation 23 Offers banking automation, ERP solutions, mobile application solutions, world-class website designs, result driven e-commerce solutions and all in all custom software development services
CoCoNet Provides banking solutions that enable clients to embrace digitalization
Collenda GmbH Provides a platform that have ready-made workflows optimised for the needs of financial institutions, corporate credit providers and the collection agencies (DCAs) and bailiffs
Linescode Aids in the development and rationalization of the information systems of IT solution design, systems engineering support, design and management of computing cloud systems, security governance and analysis, and data management
Plan Net Helps IT department to enhance performance, flexibility, security, cost-efficiency and ultimately user productivity and business advantage
Soranus AG Provides one-stop services to ensure efficient and successful completion of projects by bridging the gap between banking and IT
Techwave Helps banks and financial services firms in digital world transformation with solutions and services that improves business processes, increase operational efficiency, and reduce cost of ownership and risk