While the word FinTech is relatively new, its applications have been around for many years. If we recollect, in a less socially disconnected world before the COVID-19 pandemic, fintech was very much part of our day-to-day lives. From depositing paychecks using mobile banking applications to tapping the phone and paying via Apply Pay to making purchases using Bitcoin, the applications of fintech were omnipresent.
In recent years, fintech has evolved from being associated with scrappy startups to becoming a significant facet of established and legacy financial institutions. What was once used to imply “Silicon Valley-based disruptors shaking up the big banks” has now become the keyword to progress in the finance industry. In fact, the very corporate giants that once aimed to usurp the emerging trendsetters have established fintech departments under their wings.
Although the fintech industry has experienced steady growth over the years, it has proven its actual value in the face of the pandemic. While most businesses remain closed, banks and credit unions across the U.S. have been able to transact and offer COVID-19 support and services digitally. Fintech not only streamlines traditionally clunky processes, but also expedites functions that once used to take days, weeks, or even months to complete.
As with many emerging technology sectors, fintech can be an ambiguous concept due to the sheer breadth of tools, platforms, and services that fall under its vast umbrella. To simplify and assist CIOs in identifying the right FinTech Solution Provider, CFO Tech Outlook presents “Top 10 FinTech Solution Providers - 2021.”
A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the CFO Tech Outlook editorial board has selected the top FinTech Solution Providers. In our selection process, we looked at the company’s offerings, core competency, news/press releases, client testimonials, milestones, and other recognition.