Today’s financial landscape in UK is inundated with increasing regulatory requirements, intensive competition, security risks, information management, and data quality challenges. How can banks navigate this landscape while continuing to profit and grow? The answer to this is Fintech. As headline-grabbing traditional banking approach struggle to find their feet, a crop of innovative and exciting fintech is already racing to market.
Customers, today, are looking for an elevated banking experience that cuts the waiting time and jumps to the front of the queue without any delay. Such a demand from the users has pushed banks to rethink their operating strategy, thereby compelling them to introduce techniques that allow for personalized solutions and services.
Artificial intelligence and voice interfaces will continue to dominate fintech in new ways while emerging markets are producing smart and simple financial solutions at an impressive scale. Shift to the cloud is yet another major disruptor in the current fintech scenario in UK. Banks and financial institutions are leveraging the benefits of the cloud in multiple ways to accommodate their ever-growing business and also stay secure while expanding.
There are many other techniques and initiatives that are constantly being launched by banks across Europe and UK to keep up with the changing customer demands and fintech market. This edition of CFO Tech Outlook sheds light on some of the fintech solution and service providers that are innovating their offerings to align with the changing market scenario. CFO Tech Outlook has compiled a list of top 10 Fintech Solution and Service Providers in the UK 2020 that are transforming the fintech space by bringing their revolutionary ideas at the forefront.