20 Most Promising Finance Technology Solution providers in India-2016
Complexity of tax laws and increased regulation are some of the major challenges faced by small and medium sized firms in Financial Services sector. In addition, reducing manual process with disruptive technology, improving marketing and client acquisitions are the few challenges Certified Public Accountants’ face. To help CPAs, CAs and Small and Medium Business Enterprises, Finance Technology companies offer Outsourced Bookkeeping Services and Outsourced Tax Preparation Services. Finance Technology companies also enable bank card issuers to capture a greater share of the cards market as they strive to increase profit while keeping costs under control. Finance Technology companies offer business value to bank card issuers in the areas of electronic payment, financial transaction processing solutions and services.
With regards to bond market, the challenge lies in providing automated quotes and integrated deal management system. It is because, getting bond quotes involves complex pricing policies and most information is available only through higher level tools that are not accessible to the average investor. To ease the management of bonds, some financial technology companies have developed a debt management package comprising of quote management system and deal management system. They understand the complete structure of the working of Bond Market and can help any bank or financial institution in establishing a bond trading division instantly.
However, with the increasing number of companies providing FinTech solutions, it becomes difficult for enterprises to opt for the right partner. To guide you to opt for most effective FinTech partners in India, CIOReview presents ’20 Most Promising Finance Technology Solution providers in India’. A distinguished panel comprising of successful CEOs, CIOs, VC, analysts and CIOReview’s editorial board have finalized the list.
We present to you CIOTechOutlook 20 Most Promising Finance Technology Solution providers in India-2016.
| Company Name | Company Description |
|---|---|
| 3i Infotech | A provider of software products, IT services and business process outsourcing for a variety of industries including insurance, banking and capital markets |
| Arhata | A provider of Finance and Accounting (F&A) solutions which include Accounting, Reporting and Compliance solutions across all industries and business functions. |
| CC Avenue | A provider of payment gateway, invoice payments and smart analytics solutions to heterogeneous industries |
| Citrus Payments | A provider of online payment solutions and mobile payments by handling thousands of merchants and millions of transactions per month |
| Diebold India | A provider of ATM security solutions that help secure vaults and data centers. Electronic Security solutions are for surveillance, Access Control and Intrusion detection |
| Ezetap | A provider of intelligent point of sale or ATM that is able to complete any type of financial transaction from a credit card sale to a real-time bill payment, to a cash withdrawal or deposit. |
| Financial Technologies (I) | A provider of comprehensive end to end solutions for the securities industry vertical encompassing the entire trade lifecycle of Pre trade, Trade and Post trade processing. |
| FinTax Experts India | A provider of Financial Process Outsourcing services including Bookkeeping Services, Tax Preparation Services, Payroll Processing Services ,Data Processing, Analysis and data Interpretation |
| Fiserv India | A provider of Bank Intelligence Solutions, Business Technology Services, Cash & Logistics, Enterprise Content Management, Online Banking Solutions and various information management solutions. |
| FreeCharge | A provider of online recharge facility for Prepaid Mobile Recharge, Data card Recharge, DTH Recharge, Postpaid Recharge, Gas Bill Payment, Electricity Bill Payment, Metro Smart Card Recharge,... |
| GEMINI Software Solutions | A provider of card management system for organizational card specific requirements as well as back office services for Shipping Agents and Travel Agencies. |
| Genesis Software | A provider of rapid and fully integrated, front-end and technology-intensive back-end business solutions. |
| Hexaware Technologies | A provider of Asset Management solutions, wealth management, retail and private banking, asset servicing, mortgage services and digital business solutions |
| Nucleus Software Exports | A provider of lending, transaction banking, Mobility and Business Analytics Solutions to retail, corporate and other sectors. |
| Nucore Software Solutions | A provider of back office solutions to companies in the field of travel and tourism across Middle East and India. |
| Paytm | A provider of mobile payment and is an e-commerce platform.Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. |
| PayU India | A provider of online payment services which allow businesses and users to transact online via credit card, debit card, net banking, digital wallets and the checkout technology. |
| Polaris Financial Technologies | A provider of online payment services apart from System Integration, Testing and Infrastructure Management Service |
| Razorpay | A provider of online payment gateway solutions which allows Indian businesses to collect payments online through credit card, debit card, netbanking and popular wallets like Paytm, Mobikwik etc. |
| W3Care Technologies | A provider of database driven websites integrated with fully-secured features and functionalities to offer fabulous online experience for banking and financial institutions. |