Indian banking industry has witnessed tremendous transformation in the recent years and molded according to the modern economic needs, which are diverse in nature, of distinctive variety and large magnitude. Credit, market and liquidity risk reports have reflected that the Indian banks are irrepressible and have endured with the global depression as well and as per IBA-FICCI-BCG report, India’s gross domestic product (GDP) growth will make the Indian banking industry the third largest in the world by 2025. Financial entities are involved in multiple sort of banking such as corporate, retail, mortgage and many more; it represents a remarkable challenge for the banking organizations. End number of entities has mushroomed to cater this diversified market with latest technologies by leveraging internet, digital banking and mobile devices, and thus enabling banks to communicate with the masses. These differentiated technologies & channels have transformed the terrain of Indian banking and established the connectivity in rural & remote India with the benefits of 'anywhere & anytime' banking. Today, unlike the traditional way, providing only the financial-services don’t suffice the customer needs; where, delightful customer experience is a must. In this issue, we are shortlisting such startups who are the finest banking solution providers in the market. Therefore, with an intention to facilitate the hunt for leading banking solution providers, siliconindia have unearthed ‘20 Most Promising Banking Solution Provider - 2016’ who are the front runners. A distinguished panel of the industry's topmost CIOs, CEOs, VCs and industry experts including siliconindia’s editorial board scrutinized the index of companies in different perceptions throughout the year. The in-depth research & thorough analysis have made us to come up with the firms who stood-out in the race and proffering the top-notch banking solutions, are disclosed in the index. |
20 Most Promising Banking Solution Companies - 2016
Company | Founder | Description |
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Essel Finance Mumbai esselfinance.com |
Subhash Chandra, |
A part of the Essel Group offering a diverse range of products and services such as Investment Banking, PE, NBFC-Business Loans, Equipment Finance, Working Capital, and Business Enhancement in corporate finance and retail sectors |
Finvasia Chandigarh finvasia.com |
Tajinder Singh,
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A fintech company that has a diversified business model, offering services ranging from asset management, investment banking, capital market advisory, and currency hedging to brokerage services in commodities, equities and derivatives |
IntelleGrow Mumbai intellegrow.com |
Sanjib Jha, CEO & Executive Director |
Providing customised loans to small and growing businesses in India that lack access to responsive debt financing |
LIST Software Sangli listspl.co.in |
Sandeep Balasaheb Sanglikar, |
An ISO 9001:2008 certified banking solutions company providing the best software solutions for Core Banking, Harvesting, Vehicle Tracking, School Management, Mobile Applications, Credit Societies and others |
Maximus Infoware Mumbai maximusinfoware.in |
V. Shankar, |
Providing banking solutions that leverage current and evolving technologies to predict, process, monitor and manage transaction data to deliver measurable benefits and superior business intelligence to customers |
Nurture Bangalore nurture.co.in |
Monica Koshy, |
An organization offering services such as Data Porting, regulatory Reporting, Delivery Channel Implementation, Solution Design & Deployment for global BFSI industry in the core banking space |
Octopus Loan Bangalore octopusloan.com |
A unique online platform with pan India presence providing loans at lowest interest rates and hassle free processing for its customers |
Pennant Technologies |
Ramakrishna Raju, |
A fast growing Products and Services Company offering comprehensive suite of end-to-end business driven technology services and next generation software products covering all the functional areas of Banking and Financial Services Industry |
Processware Systems |
Guru Murthy, |
A leading solution provider in banking, manufacturing, education, and aerospace markets focusing on enterprise products for the Indian market and product development services for overseas markets |
River MobileApps Pune riverma.com |
Anand Agrawal, Managing Director |
The organization creates next generation of financial applications and banking solutions for consumption via mobile |
SIDSOFT Technologies Bangalore sidsoft.in |
Pruthvi Shankar Siddalingaiah, Managing Director |
An IT services company offering top class end-to-end solutions to a wide array of industry verticals that include Banking, Healthcare, e-Commerce, Transport, and Software & Mobile App Development |
SMC Capitals New Delhi smccapitals.com |
D K Aggarwal, Chairmain & MD |
A SEBI registered Category-I Merchant Banker providing services in IPO, FPO, ADR, GDR, FCCBs, Open Offers for the Acquisition matters, Private Equity placements, M&A and many others |
SMERGERS Bangalore SMERGERS.com |
Vishal Devanath, Founder - Business Krishna Bharadwaj, Founder - Technology |
An online platform for investment banking focused on SMEs, automating deal origination, business valuation, deal matching and introduction of businesses and investors globally |
VGro Global Finser |
Mahesh S CEO & Director |
Paltering SaaS/ERP integrated products to empower the customers in managing & analyzing their energy resources and monitor carbon emissions/ footprint for compliance |
VSoft Technologies Hyderabad vsoft.co.in |
Murthy Veeraghanta, Founder & CEO |
The entity proffers enterprise cloud platform for distributed solar projects while lowering cost and operational in-efficiencies |