The banking industry in Europe is set to have immense changes in the coming years due to new regulations. The complexities introduced by these regulations have made the waters harsher for financial institutions in Europe regarding their control of private financial data of customers. In the wake of these regulations, financial institutions must ensure that the customer experience is not adversely affected when they give customers more control over their personal information.
Today, financial firms are catching up to other industries by incorporating artificial intelligence (AI), blockchain, and Internet of Things (IoT) to service their customers, remain competitive, and enhance business outcomes. This has resulted in lowering the barriers for new customer acquisition and has expanded product penetration among existing customers. Mostly, it means better and simpler mobile and online experiences, closing the ease-of-use gap between banks and Fintech companies.
In the wake of digital transformation, most banks are leveraging robust digital banking app for its existing customers. But the digital acquisition of new customers lags far behind what institutions offer to their existing customers. Several key technologies are currently available but still not broadly adopted as they could be. Examples include instant online account opening (OAO)on mobile and web devices and online loan origination software (LOS) that are still struggling to gain the momentum.
In order to assist banking and other financial institutions in the task of finding accomplished digital banking solution providers, we have compiled this issue of Banking CIO Outlook. In this edition, we have listed the Top 10 Digital Banking Solution Providers in Europe 2020 and Top 10 Digital Banking Consulting/Service Companies in Europe 2020 to highlight the companies that can escalate the chances of your growth. Equipped with innovative technological capabilities, these enlisted solution providers are transforming the digital banking landscape at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the financial sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of Banking CIO Outlook helps you build the partnership you and your organization need to foster an environment driven by robust and efficient technology.
We present to you Banking CIO Outlook’s, Top 10 Digital Banking Solution Providers in Europe 2020.