siliconindia | | November 20164It seems like a time travel when we look back at our banking sector, just like teleportation. From an old school era of physically going to banks for even a small cheque denomination withdrawal to now doing transactions worth lakhs from just the touch of our mobile screen, banking industry today is in the state of flux, with multiple technologies, regulatory and demographic factors completely disrupting the banking ecosystem world across. These factors impact the way banks conduct their business just like providing ultimate experience to today's customers in order to retain them, as the competition has become fiercer. On the other hand, non-banking services providers have become a threat for the banks as disruption and innovation is at quite high mercury there. All thanks to them that this non-adapting sector now is realizing innovation in different forms taking centre stage, resulting in the unbundling of financial services with variable degree of disruption. The rapid adoption of technology by consumers, both individuals and businesses, especially mobile banking, is changing their needs and the way they interact with banks. On the other hand, fintech companies have entirely put their eyeballs on the most profitable business segments of the banks that they fail to realize and adapt to. Hence, the competition is getting tougher than one could contemplate of. In this issue of our publication, we bring to you `20 Most Promising Banking Solution Providers ­ 2016' who have created brilliant products to serve this need of the hour. Going above and beyond the usual way of serving customers, these companies have created a niche for themselves. Anamika SahuManaging Editoreditor@siliconindia.comEditorialEmbracing Disruption will keep Banking Sector Alive siliconindia Vol 05 · Issue 4 · November 2016 Publisher Alok Chaturvedi Editor-in-Chief Pradeep Shankar Managing Editor Anamika Sahu Editorial Team Ananth. V Inslita R Teles Susila Govindaraj Pushpita Das Sujith Vasudevan VP - Sales & Marketing Virupakshi Pattar GM - Sales & Marketing Ratan Nayak Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit www.siliconindia.com/magazine-in or send email to subscription@siliconindia.com Cover price is Rs.100 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murigheshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2016 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comSr. Visualiser MaitreyeeVisualisers Suanya Chakraborty Vignesh KarthigaisamyGroup Art DirectorAshok KumarDelhi NCRRatnamBranch ManagerCirculation Manager Magendran Perumal Ashu Sethi Garima Anand
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