Top Fintech Companies In Europe CIO Applications Europe
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The finance sector is dominated mainly by advanced technological innovations that have influenced the way this sector functions. And, as the world moves away from traditional forms of banking towards an entirely online experience, it’s clear that the European financial services industry has also matured over the decades. Nowadays, banks and other financial solution providers are set out to redefine their processes, services, and how they interact with customers. In fact, fee-free payments, personalized services,
and lending platforms have emerged as a must-have in financial solutions. 
Banking and financial services are already using technologies like Artificial Intelligence and machine learning to reduce errors and offer a more streamlined digital banking experience to the consumers. And, as 2020 unfolds, these industries will continue to embrace these technologies to improve their productivity and efficiency further. Going forward, more organizations are turning towards blockchain to decrease fraud and manage both regulatory and audit concerns. Plus, blockchain integrated with more devices in the world of the Internet of Things (IoT) will expedite processes like asset and money transfers, payments, and investments and eliminate processing mistakes that cause delays. With technology like robotic process automation (RPA) software, machines make quick work of tedious and repetitive data entry, allowing financial institutions to focus on customer service improvements instead of being bogged down by data collection.
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Moreover, due to the expansion of connected devices, the demand for high-quality internet connection has become particularly sharp. And, with the emergence of 5G technology, networks can now provide seamless and stable connections between devices and handle higher quantities of transactions and provide a reliable experience. Through the expansion of Platform-as-a- Service offerings, institutions can adapt to changing needs with customized infrastructure, allowing them to embrace cloud platforms fully. With a need
for agility and an increased reliance on tech, traditional banking and financial institutions are continuously investing in and acquiring FinTech technologies. Besides, the rise of RegTech and InsurTech are providing conventional organizations a way to update their infrastructure and cut long-term costs.
In this edition, CIO Applications Europe has compiled a list of top 10 FinTech solution providers in Europe to guide banks and other financial institutions in harnessing the power of technology to tackle today’s banking challenges, reduce workload, and increase efficiencies, without compromising on the quality. We hope this issue of the CIO Applications Europe helps you build the partnership you and your firm needs to foster a technologically-driven financial environment.
We present to you, CIO Applications Europe’s, “Top 10 FinTech Solution Providers — 2020.”
Top Fintech Solution Companies Banking Circle
Banking Circle is a fully licensed bank that provides Payments businesses and Banks with direct access to underlying technology infrastructure to bypass traditional, outdated and inefficient systems. It provides financial infrastructure for Payments businesses and Banks, allowing them to support their customers with banking services — from accounts to lending, international payments to settlements, FX to compliance — to help them trade domestically and globally, efficiently and at low cost. Freeing up valuable time to enable them to focus on building meaningful relationships with their end customers. bankingcircle.com
Collenda
Collenda is one of Europe’s leading providers of digital solutions for credit and receivables management. The company, with
locations in Germany and the Netherlands, combines more than 30 years of experience and state-of-the-art technologies in its solutions. Collenda’s smart workflows help customers to create more efficient processes and enhance the quality of their reports through an integrated reporting system A particular focus of Collenda is the digitisation of processes, the use of artificial intelligence, claims management in the cloud, and Industry 4.0 solutions for credit and receivables management collenda.com
Gasan Group
Gasan Group is one of Malta’s longest-standing businesses that stands upon its four core pillars–automotive and marine, building service and solution, finance and insurance, and property. In the last few years, the Group successfully embarked in the consolidation of its four core pillars, with the companies within each pillar considered to be amongst the market leaders in Malta. A long-standing concessionaire appointment by the Ford Motor Company established Gasan Group as a leader in Malta’s Automotive Industry and paved the way for Gasan Group to expand into other business sectors. Built on a solid reputation of almost 90 years, the Group presently employing over 600 people
www.gasan.com
Intertech
Intertech has developed four basic banking packages that are used by many domestic and foreign banks. Being a strategic solution partner of Microsoft, the company has built its interVision integrated banking platform on Microsoft-based current technologies such as .NET, Microsoft SQL Server, and others. The Inter-Vision platform, developed with the Agile project management approach and ITIL and COBIT compatibility has been developed in line with financial applications products, customer relationship management, business process management, data mining and business intelligence, and digital channels, infrastructure management. The company’s comprehensive solutions consists of products that work integrated with each other under payment systems main groups or can be used completely independently from the platform www.intertech.com
WebID Solutions
WebID Solutions is Europe’s groundbreaking provider of legally compliant online contract signing and accurate personal identification products. Worldwide, the company is the pioneer in video identification in accordance with the German Money Laundering Act (GwG), which has been gradually adopted into the legislation and draft proposals of many companies since this pioneering achievement. The company was founded in 2012 with headquarters in Berlin and its main locations in Hamburg, Kiel and Solingen. www.webid-solutions.de
BlueSnap
BlueSnap provides an All-in-one Payment Platform designed to accelerate commerce for B2B and B2C businesses. The company’s platform supports online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal
Crosskey
Crosskey combines big-league IT capabilities with flexibility, engagement and a personal touch. The company make it easier to create new revenue from financial services, getting clients to market faster with the right offering
Electronic Identification
Electronic Identification (eID) is a software manufacturer born in 2013 to lead the next generation of e-trust services. The company has created VideoID, the first and only technology that combines video streaming with the most advanced machine learning (ML) and artificial intelligence (AI) algorithm to identify people in just seconds from any device and through any channel. With this solution in place, eID has enabled its customers to eliminated territory barriers and expand globally. VideoID is creating a new services category in the internet to identify customers remotely by providing the same technical security and legal compliance as face-to-face identification
flatex
flatex was founded in April 2006, at a time when the big online providers for securities trading were already established in the German market. At that time, the offer of stock market information, tools and price-performance ratios for private investors was comprehensive but also complex and hard to understand. The vision of flatex is to provide private investors with an easy-to-understand and fair offer for “simple, better, trading“
Tech.eu
Tech.eu is the premier source of European technology news, data analysis and market intelligence. The company helps its clients to navigate a fragmented region with vast potential